Personal spending and income came in roughly in line with expectations, though the former printed slightly lower, suggesting that personal consumption should continue to improve in the third quarter. Moreover, June’s personal spending was revised to the upside from a flat reading to +0.2%m/m...
The U.S Energy Department has released US inventories data which shows a decline of 5.932 million barrels during the week ending August 25. It is the ninth consecutive weeks of decline and crude oil has lost 1% and is now challenging its 6-week low...
The US dollar received a much needed fresh boost yesterday amid the release of better-than-expected data from the world’s largest economy. Firstly, the second print on the second quarter GDP was revised to 3%q/q (annualised) from 2...
GBP recovered slightly, however the correction is more likely short term then a structural shift. GBPUSD is consolidating around the 1.30 handle while EURGBP in a bull channel has no real resistance till 0.9415. The Bank of England remains dovish which corresponding to market pricing...
After tumbling against most majors yesterday amid heightening tensions between North Korea and roughly the rest of the world, the US dollar pared losses on Tuesday as the overall risk sentiment improves. The dollar index printed a multi-year low yesterday as it fell 0.70% to 91...
What precisely is leap forward and discharge all the significant situated contemplations that won't let you go while everything else you've endeavored is unsucssesful...
For the first time this year, gold has broken the strong resistance at $1300 and the precious metal is now standing around 1317$, its highest level since 2016. The summer was quiet but volatility is back due to the escalating tensions between the US and North Korea...
nvestors piled into safe havens on Tuesday morning amid rising global uncertainties. Firstly, last week comments from Donald Trump have heightened concerned about a potential government shutdown should the Congress keeps refusing to fund the wall along the southern border with Mexico...
The Eurodollar pair has spiked in Friday above 1.1950 on Draghi’s comments, its highest level since January 2015. He mentioned that he is confident about the global recovery which he considers that is improving...
Despite failing to extend gains beyond the 1.15 threshold, EUR/CHF was able to consolidate gains. The pair has been trading between 1.1259 and 1.1538 for the past four weeks. However, the single currency has completed its catch-up rally against the Swiss franc...
Officials from around the world gathered in Jackson Hole, and speeches by US Federal Reserve Chair Janet Yellen and European Central Bank (ECB) President Mario Draghi were eagerly anticipated for any hints about the path of the respective monetary policies they provide...
Anyone traveling from JFK airport to New York will know that US infrastructure could be improved. In spite of the need, and President Trump's high profile policy pledge, hopes for major spending on US infrastructure are dwindling...
New Zealand’s trade balance surprised to the upside in July as it rose to NZ$85m, while economists expected a deficit of NZ$200. This is the first time since 2012 that the country reports a trade surplus for the month of July...
After much hype, the annual Jackson Hole Economic Symposium is finally here. The highlight of the two day even will clearly be scheduled speeches by Fed Chair Yellen and ECB President Draghi (Aug 25th...
UK Q2 GDP will be released tomorrow morning. The British economy is expected to grow 1.7% for the second quarter (annualized). The growth definitely seems to be robust and solid...
After a bumpy start into the summer, caused by the temporary rise in political uncertainty, the Brazilian real has finally returned to its pre-crisis level and stabilised at around 3.15...
The current round of risky asset weakness and rise in volatility been partially blamed on Trumps decision to deploy additional troops into Afghanistan...
Treasuries across the globe have in been in growing demand recently as investors are becoming increasingly worried about the monetary outlook on both side of the Atlantic. US yields have been moving within a downtrend channel since the beginning of the summer...
Today has been released the Swiss domestic sight deposits which has declined to CHF 470.3billion from CHF 476.3 billion while the EURCHF is pushing higher and is now consolidating around 1.1350CHF for one single euro note. We start seeing the sight deposits growth slowing down...
