Khurram Mustafa / Blog
EUR/USD came under renewed pressure and broke to fresh lows over the last minutes, with no clear catalyst for the move other than USD buying interest...
Strategists at Rabobank see the Bank of England hiking rates during the early months of 2017. Key Quotes “The money market is not fully priced for a BoE rate hike until early 2017”...
Analysts at RBS noted the key highlights in data events from the Asian shift as a recap. Key Quotes: "Chinese Caixin services PMI grew to 52 in October from 50.5 in September. While composite PMI grew to 49.9 in October from 48 in September." "Australian Retail Sales fell 0...
Gold prices hit fresh session lows, but quickly recovered pointing to relative resilience in the hard currency despite the strong US ISM non-manufacturing data...
The greenback, gauged by the US Dollar Index, is trading on a firmer footing today, advancing to the vicinity of the 98.00 handle...
James Knightley, analyst at ING noted the forthcoming BoE and inflation report and has forecasted lift off from the BoE in Q2 2016 with risks of Q1 also...
AUD/USD made another attempt to consolidate above the 0.7200 level but was rejected from the 21-day SMA and fell all the way back to 0.7150, giving up most of its post RBA gains. The RBA refrain from cutting rates on Tuesday, giving the Aussie a boost across the board...
The Institute of Supply Management’s (ISM) non-manufacturing/services PMI index jumped to 59.1 in October from September’s 56.9. The actual print beats the estimated drop to 56.5 by a wide margin. The ISM’s measure of services employment advanced to 59.2, the second-highest since August 2005...
The ISM Non-Manufacturing Index released by the Institute for Supply Management (ISM) shows business conditions in the US non-manufacturing sector...