by Christopher Nye | Feb 6, 2020
The dollar strengthened to a near two-month high against a basket of currencies due to positive economic data. US private jobs data showed that businesses hired 291,000 workers in January 2020, the most since May 2015, easily beating market expectations of a 156,000...
read more
by Christopher Nye | Feb 6, 2020
German factory orders dropped unexpectedly by 2.1% month-on-month in December 2019, missing market expectations of a 0.6% advance. The Eurozone’s largest economy’s production figures have been less than stellar in previous months, so the ECB and the markets are sure...
read more
by Christopher Nye | Feb 6, 2020
Sterling was strengthened briefly by positive services PMI data yesterday, which showed the strongest reading since September 2018. The figure was revised higher to 53.9, beating expectations of 52.9. However, this strength for the pound was short lived, as it...
read more
by Christopher Nye | Feb 6, 2020
After worries over a no-trade-deal end to the transition period have weighed down the pound over the past few days, services PMI data provided a brief boost yesterday. The Eurozone, however, saw some disappointing news this morning, with German factory orders missing...
read more
by Christopher Nye | Feb 5, 2020
The dollar was mixed yesterday, retaining its strength against the euro but dropping slightly against the pound. Factory orders came in better than expected at 1.8% for December, a boost from the previous reading of -0.7%. The coronavirus outbreak continues to broadly...
read more
