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...
Over the past few days, market participants have shoved aside their worries about monetary policy to focus on political developments in the US, more specifically the resignation of several of its advisors. Rumours that Gary Cohn may follow the pack triggered a wave of panic among investors...
The Japanese yen is on a clear bullish momentum. The currency has outperformed major G-10 currencies since last month. In particular, the USDJPY has weakened from 114 in a month. The rally may now seem a bit over extended and we may see some rebound within the short-term...
Financial markets are set to end the week on the back foot as US political turmoil takes centre stage with many of Trump’s business counsellors resigning. Wall Street suffered its worst sell-off since May with the Dow Jones Industrial Average falling 1.24% to 21,750 points...
Russia retail sales is set to be released today. Markets estimate a slight decline from June to 1% from 1.25 in July. The ruble is strengthening against the dollar and we believe that upside pressures should likely accelerate for the ruble...
As expected the minutes of the July 25-26 FOMC meeting highlighted a broad division among Fed members. More specifically, the timing of the balance run-off was a major topic of discussion as several members were willing to pull the trigger last month, while the majority preferred to wait...
The Helvetic currency is suffering against the euro and the pair is back below 1.15. We nonetheless do not believe that the pair will continue to head towards 1.20 and the ongoing move may not be sustainable in the medium-term...
The solid print in retail sales and Empire Manufacturing Index yesterday helped the greenback to catch his breath. Retail sales advanced strongly in July, climbing 0.6%m/m (versus 0.3% expected), while previous month’s reading was revised to +0.3% (from -0.2% initially estimated...
The #digital #currency #Bitcoin retraced gains on Tuesday after surging above the $4,400 level for the first time in its nine-year #history. On the U.S.-based #Bitfinex exchange, Bitcoin was last at $4,065.7, down $176.5 or 4.41%. It earlier set a fresh all-time high of $4,430.0...
A month before the German election, news regarding the German fundamentals data are still positive. Yet, GDP Growth has slightly slowed. The figure, which has been released this morning, came in at 0.6%, a inch below markets’ expectations at 0.7...
