GBP/USD falls to support – 3 reasons
The pound is under pressure once again, falling to the lows seen last week, just before the BOE sent it…
US housing slightly better than expected
US housing starts rise 4.8% to 1.189 million annualized, but on top of a downwards revision. Building permits are up 1.5% reaching…
Good Inflation Data But The Pound Is Still Down Against All Majors
The inflation numbers just came out and the results where as follows: – CPI (YoY) Jun: 0.50% (est 0.40%; prev…
German ZEW Sentiment goes negative -6.8 – Brexit driven
Business confidence tumbles down in Germany with the ZEW indicator crashing to negative ground, reflecting pessimism. This is Brexit driven. Current…
UK inflation beats expectations with 0.5% y/y – GBP ticks higher
Prices are rising at an accelerated pace in the UK: is this a result of Brexit? Or just a small…
AUD/USD loses ground on dovish meeting minutes
The Reserve Bank of Australia sounds a bit more worried about the inflation, employment and the exchange rate as well.…
EUR: Dovish ECB; JPY: High Risk Of Disappointment – Barclays
Will we indeed see helicopter money in Japan? And what is going on with the euro? The team at Barclays…
GBP/USD edges higher on Weale’s words, limited by housing concerns
Cable had the first positive week since Brexit, riding on some political certainty and the no-cut decision of the BOE.…
Turkey: Coup seems to have failed – will safe haven flows be undone?
A dramatic night seems to result in the current regime led by Erdogan taking back control of the country. No…
Turkey: Military Coup in place – EUR/USD down, USD/JPY up
There is an ongoing coup in Turkey with the military attempting to take over and many details unclear. This is…