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Weekly FX Update – 20 July 2017 (Video)

In this week’s webinar Senior Market Analyst Craig Erlam discusses the week’s main events including Thursday’s ECB decision and press conference and gives his analysis on EURUSD (7:38), GBPUSD (15:10), EURGBP (18:03), AUDUSD (19:35), USDCAD (22:42), NZDUSD (26:57), USDJPY (28:18), GBPJPY (29:32) and EURJPY (31:54). Gold Climbs to 3-Week High as ECB, BoJ Maintain Loose Policy […]

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Mueller Expands Probe to Trump Business Transactions

Special counsel examines dealings of Kushner, Manafort, Trump Trump has warned Mueller against going beyond Russia in probe The U.S. special counsel investigating possible ties between the Donald Trump campaign and Russia in last year’s election is examining a broad range of transactions involving Trump’s businesses as well as those of his associates, according to […]

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Bill Gross Says Central Banks to Cause Recession

Bond guru Bill Gross is warning about looming interest rate increases and the damage they can do to a debt-laden global economy. In his monthly investor outlook, the Janus Henderson Advisors fund manager said the course of global central banks toward tightening policy could be perilous for the economic recovery. Raising interest rates will increase […]

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EUR Rises After Draghi QE Comments

The euro saw a sharp surge as Mario Draghi spoke on Thursday afternoon, with the president of the European Central Bank (ECB) discussing inflation expectations and the potential end of its asset-purchase program. Draghi said the central bank saw signs of “unquestionable improvement” in euro zone growth and pointed to plans for policymakers to begin […]

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Markets Not Buying What Draghi Has to Sell

Markets Not Buying What Draghi Has to Sell

There may have been no hints at tapering in September in today’s ECB statement or in Mario Draghi’s press conference but traders certainly found reason to drive the euro higher, something the ECB President was clearly trying to avoid. I don’t think Draghi could have possibly adopted a more dovish stance at the press conference […]

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Philly Fed: Manufacturing Business Outlook July 2017

July 2017 Manufacturing Business Outlook Survey Manufacturing activity in the region continues to grow but at a slower pace, according to results from the July Manufacturing Business Outlook Survey. The diffusion indexes for general activity, new orders, shipments, employment, and work hours remained positive but fell from their readings in June. Respondents also reported a […]

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U.S. Jobless Claims Fall to Near Five-Month Low

The number of Americans filing for unemployment benefits fell more than expected last week, touching its lowest level in nearly five months, suggesting another month of strong job growth. Initial claims for state unemployment benefits dropped 15,000 to a seasonally adjusted 233,000 for the week ended July 15, the Labor Department said on Thursday. That […]

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