TAG GBP

Central Bank Comments Boost US Dollar

The US dollar is higher across the board after geopolitical tensions have eased and Fed speakers are making a case for a faster rate hike for US interest rates. The hawkish comments from Fed’s Loretta Mester contrasted with dovish comments from the European Central Bank (ECB) and Bank of England (BoE) officials which put downward…

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EUR/CHF – Swiss National Bank Deja Vu

Friday April 20: Five things the markets are talking about Global equities are closing out the week on the back foot, stressed mostly by technology stocks coming under earnings-related pressure. U.S Treasury yields are holding above the psychological +2.90% as German Bunds steadied and U.K gilts pared yesterday’s losses. In FX the ‘big’ dollar has…

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GBP/USD – Retail Sales Plunge But Pound Unscathed

The British pound has steadied in the Thursday session, after considerable losses on Wednesday. In North American trade, GBP/USD is trading at 1.4205, down 0.01% on the day. On the release front, British Retail Sales plunged 1.2%, worse than the estimate of -0.5%. US unemployment claims ticked lower to 232 thousand, close to the estimate of 230…

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Dollar Supported by Higher Yields

Thursday April 19: Five things the markets are talking about Euro equities are struggling for traction after two consecutives session of gains while Far East bourses rallied to new monthly highs on investor optimism over global growth. Most commodities prices have gained as metals including aluminum and nickel extended their rally. Sovereign yields are somewhat…

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Commodities Steal the Show

    Commodities Steal the Show Commodities stole the show overnight led by WTI which soared to a three year on the DOE report while industrial metals catapulted higher on the likelihood that an extension of Russian sanctions will hit like a sledgehammer at the heart of the nation’s mining complex. But not to be…

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Turkey’s Erdogan declares early elections on June 24

Turkey’s Tayyip Erdogan on Wednesday called a snap presidential and parliamentary election on June 24, more than a year earlier than planned, saying the country urgently needed to make the switch to an executive presidency. Bringing the elections forward means that they will take place under a state of emergency that has been in place…

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Fed Rhetoric to Drive Dollar

US central bank members in full force on Friday The USD appreciated during the week against major pairs. The currency got a boost from the release of the minutes from the January Federal Open Market Committee (FOMC) meeting. The brief statement was slightly hawkish, but the full notes from the meeting revealed the US central…

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USD/CAD – Loonie Rallies on Inflation Data

Statistics Canada data this morning showed that headline inflation in Canada slowed last month, while measures of underlying prices strengthened to their highest level in 18-months. Canada’s consumer-price index rose +1.7% y/y in January, following a +1.9% advance in December. Market expectations were for a +1.5% lift. On a month-over-month basis, prices rose +0.7% in…

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