NAB Research discusses EUR/USD outlook and maintains a neutral bias over the coming months."Given the potential economic effect of tariffs on EU car exports (particularly on Germany), it is unlikely the EUR can make a sustained break outside of the recent 1.15-1.1875 range it...
Wall Street ended the session mixed overnight, as investors brushed aside Trump’s meeting with Putin and focused on earnings. Whilst the Dow managed to close higher supported by a 33% uplift in profits at BoA, energy stocks dragged the S&P lower amid a 4.6% decline in...
Asian equities fell on Tuesday after Oil prices tumbled by more than 4.6% during the previous session, following reports that Saudi Arabia has offered additional crude supplies to some of its Asian customers and that the U.S. may release some of its strategic petroleum...
Financial markets appeared to shrug off yesterday’s warnings from the IMF that the global growth story was in its final furlong, and that investors were being complacent about the possibility of a possible disruption, and sudden repricing of risk. The fund downgraded its forecasts...
The Japanese yen has broken above yearly highs, pushing out of a sideways triangle continuation pattern that has been holding since May 2015. Any expected instability due to the trade war between China and US seems to be having only positive effects on the...
Traders' bets indicated little change for the start of trading in equities in New York as all eyes remained on the forthcoming meeting in Helsinki between presidents of the United States and Russia Donald Trump and Vladimir Putin. Market participants were waiting for the...
The DAX index has ticked lower in the Monday session. Currently, the DAX is at 12,521, down 0.12% on the day. On the release front, there are no major German or eurozone events. In economic news, the eurozone trade surplus slipped to EUR 16.9...
The timing of US President Trump landing on British soil couldn’t have been worse for Prime Minister Theresa May. The same day that she publishes her whitepaper outlining the post-Brexit UK-EU relationship, as a softer version of Brexit, Trump a known supporter of a...
US inflation figures were the main focus today for the US economy, as it saw CPI lift in line with expectations to 0.2% m/m. Well this is not a strong hawkish signal it does show that the US economy for the most part is...
Imports drop as tariff wars bite Today’s release of China’s trade data for June showed imports starting to feel the effect of tariff implementation, while exports managed a small increase. Imports rose a mere 14.1% in dollar terms, below the estimate of 20.8% and a...