Retail sales data failed to support GBP rally above 1.37. PMI reports also delivered a heavy blow for the British currency, especially in the services sector, where the index of activity fell to 38.8...
The Friday Forex Takeaway - Episode 66
Key Points From This WeekJoe Biden Sworn InThe democrat leader was sworn in as the 46th president of the United States this week. Biden used the event to call for unity in the face of growing...
ECB Holds Rates Steady & Maintains December Forecasts
ECB Holds SteadyThe Euro has traded higher in the wake of yesterday’s European Central Bank meeting. The ECB held its headline policy rates and asset purchase programme unchanged as expected. However,...
BOC Sends Loonie Lower As Rates Remain On Hold
No "Micro-Cut"The Canadian Dollar has traded higher against the greenback over the last 24 hours. Along with the Dollar weakness seen in response to the inauguration of Joe Biden yesterday, the loonie...
Reflation Bet in the US Appears to be Gaining Traction
US futures and European stocks resumed rally anticipating more bullish updates from the new US administration. We saw fresh highs in S&P 500 yesterday and extension of bullish sentiment in today’s...
The Crude Chronicles - Episode 70
Crude Traders Increase LongsThe latest COT institutional positioning report from the COT shows that crude oil traders increased their net long positions last week by a further 9,068 contracts, taking...
Three Reasons for Uneven Equity Markets Growth in 2021
Stock indices of advanced economies rose on Wednesday, large ETFs investing in emerging markets saw moderate inflows on Tuesday. The speech of Janet Yellen who assumes the office of the US Treasury...
USD Sold on Yellen Stimulus Comments
USD Selling ReturnsThe US Dollar has come back under selling pressure over night in response to comments from incoming US Treasury Secretary Janet Yellen. Speaking at her nomination confirmation...
GBP Higher on CPI Beat
Better Data Helping GBPThe British Pound is continuing its advance against the US Dollar this week. The UK currency has been on a steady run higher against the greenback since recovering off the...
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