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Focus turns to USA employment and unemployment data on Friday, as the latest NFP data is published, optimism rises over China-USA trade deal

FX analysts and traders will begin to concentrate on the latest NFP data from the USA, due to be published at 13:30pm U.K. time. The prediction from Reuters, is for the number to come in at 180k for March, which would represent a significant increase on the 20k rise in NFP jobs created in February. […]

Focus turns to USA employment and unemployment data on Friday, as the latest NFP data is published, optimism rises over China-USA trade deal Read More »

Euro slips as shock German factory data is published, sterling slumps as Brexit impasse remains, Trump broadcasts positive update on China-USA trade talks

The euro slipped versus the U.S. dollar during Thursday’s trading sessions, as Germany’s factory data published in the morning session, came in at the worst level seen in over two years; down -8.4% year on year. Despite the shock reading, the fall in EUR/USD was marginal; at 21:50pm U.K. time, the most traded, major currency

Euro slips as shock German factory data is published, sterling slumps as Brexit impasse remains, Trump broadcasts positive update on China-USA trade talks Read More »

Analysts predict a significant recovery in the NFP jobs created metric, when the figure is published on Friday April 5th at 13:30pm

At 13:30pm U.K. time, on Friday April 5th, the latest headline NFP jobs number will be published, amongst a slew of jobs numbers published by the BLS (bureau of labor statistics) on the day. Analysts and traders will focus on the month’s data with increased concentration, based on the fact that the February number came

Analysts predict a significant recovery in the NFP jobs created metric, when the figure is published on Friday April 5th at 13:30pm Read More »

Sterling maintains position in tight ranges, euro slides as Germany factory orders crash, yen slips as risk on mood continues

Wednesday’s latest instalment of Brexit drama ended with MPs in the House of Commons voting through a Bill, which will force the U.K. prime minister to approach the European Union, to ask for a longer extension. However, the E.U. is under no obligation to honour such a request, therefore, many political analysts were left confused

Sterling maintains position in tight ranges, euro slides as Germany factory orders crash, yen slips as risk on mood continues Read More »

Euro and Eurozone equity indices make gains, due to positive PMI data, USA job creation stalls, whilst the ISM non manufacturing and services reading misses forecast

During Wednesday’s trading sessions, GBP/USD traded in a tight range, with a bullish bias, oscillating between the daily pivot point and the first level of resistance, as investors and FX traders analysed the latest news regarding the Brexit situation. Leaders of the two main political parties met to apparently find a method to break the

Euro and Eurozone equity indices make gains, due to positive PMI data, USA job creation stalls, whilst the ISM non manufacturing and services reading misses forecast Read More »

Aussie dollar rises, as yen falls in Asian trading session, due to reports of a USA-China trade breakthrough

The Aussie dollar slumped versus its peers during Tuesday’s trading sessions, as a consequence of the RBA delivering a dovish monetary policy statement, by way of the Governor Philip Low. A statement which accompanied the decision to maintain the cash rate (base interest rate) at 1.5%, a record low, for a record period of inactivity.

Aussie dollar rises, as yen falls in Asian trading session, due to reports of a USA-China trade breakthrough Read More »

Sterling rises, as prime minister May pleads with the opposition party for a Brexit solution, U.S. dollar and WTI rise, whilst USA equities experience mixed fortunes

Sterling currency pairs, such as GBP/USD, whipsawed in a wide range during Thursday’s trading sessions, in perfect rhythm with ongoing and breaking Brexit developments. The ruling Tory party held a marathon cabinet meeting from early morning, until early evening. The outcome was a 3-4 minute speech from Theresa May, in which she pleaded for cooperation

Sterling rises, as prime minister May pleads with the opposition party for a Brexit solution, U.S. dollar and WTI rise, whilst USA equities experience mixed fortunes Read More »

Sterling slips as U.K. Parliament fails to agree alternatives to Brexit, Aussie dollar falls as rate held at 1.5% by RBA, but dovish policy tone remains

During Tuesday’s Sydney-Asian trading session, Australia’s central bank the RBA, announced the cash rate would remain at the record low of 1.5%, for a record period of inactivity; since August 2016. The Governor of the bank, Philip Lowe, delivered a statement that maintained the dovish tone the RBA had previously set in March, without recommitting

Sterling slips as U.K. Parliament fails to agree alternatives to Brexit, Aussie dollar falls as rate held at 1.5% by RBA, but dovish policy tone remains Read More »

Sterling rises as U.K. Parliament inches towards a soft Brexit, global indices shrug off poor data in a risk on trading environment, oil rises as a consequence of OPEC cuts

Sterling rose versus its main peers during Monday’s trading sessions, as U.K. MPs appeared to gradually move towards a consensus requiring a softer Brexit; keeping closer ties with Europe by remaining in a customs union and having access to the single market. Votes took place on an indicative basis in the House of Commons and

Sterling rises as U.K. Parliament inches towards a soft Brexit, global indices shrug off poor data in a risk on trading environment, oil rises as a consequence of OPEC cuts Read More »

The RBA is predicted to keep the cash rate at its record low of 1.5%, for a record period of inactivity, however, attention will quickly turn to the monetary policy statement.

At 4:30am U.K. time on Tuesday April 2nd, the Australian central bank, the RBA (reserve bank of Australia), will announce its latest decision regarding the country’s key interest rate, referred to as the cash rate. The widely held consensus, from the news agencies Reuters and Bloomberg, after they’ve polled their panel of economists, is for

The RBA is predicted to keep the cash rate at its record low of 1.5%, for a record period of inactivity, however, attention will quickly turn to the monetary policy statement. Read More »