WTI Crude Oil The WTI Crude Oil market initially tried to rally during the day on Friday but found enough resistance at the $47 level. We fell significantly from there, slicing through the $46 handle....
In a mixed session, which has seen Asian stocks ex-Japan broadly higher, the European Stoxx 600 index dropped as much as 0.6% after data Markit PMI data signalled euro-area economy grew in July at its...
EUR/USD made a move to the upside, reaching the highest levels since 2015. What’s next? Here is their view, courtesy of eFXnews: Nordea FX Strategy Research argues that as long as the convergence ...
“The European economy continues to grow at a steady pace despite numerous political uncertainties and challenges. For two years, GDP growth has been steady, employment growth has been healthy and un...
On a range of trends and topics these are unusual times we live in, and stock market volatility is no exception. As a matter of fact, market volatility in general is very low i.e. across asset class...
Last week, I discussed the issue of debt and why “people buy payments.” This article generated much discussion and several emails including the following. “You argue that rising debt levels le...
Previous: On Friday, trading on the euro/dollar pair closed up. Trading volumes were high, which was enough to hit a new 52-week high with an empty economic calendar. The euro/dollar rate rose to 1.16...
The euro made a marginal new high in early Asia, but participants rightly drew cautious ahead of the flash eurozone PMI. The flash PMI was softer than expected, and although the composite fell to...
The first to suffer Beijing’s crackdown against China’s private merger-crazy conglomerates, wave was the acquisitive “insurance” behemoth, Anbang, whose CEO Wu Xiaohui briefly...
The downfall of the dollar continues and today it is quite pronounced in the pair that usually best reflects US developments. USD/JPY is trading just above support at 110.60. The line formed part of ...