by Christopher Nye | Mar 21, 2019
It was an interesting day for the greenback, with the Federal Reserve’s interest rate decision and President Trump tweeting about extending the trade war against China. The Fed not only held rates steady, but indicated there would be no further interest rate increases...
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by Christopher Nye | Mar 21, 2019
While the single currency gained a cent against the GBP yesterday it also strengthened against the USD, reaching a six-week high yesterday. Today we have the Euro area Consumer Confidence Flash, which is forecast to hold steady at 01%. But as usual it will be Brexit...
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by Christopher Nye | Mar 21, 2019
The pound took a dive yesterday when it was announced that the EU was insisting on the Withdrawal Agreement being passed before a “short” extension could be considered. Although it fell around a cent against the euro, the fall did not continue after Theresa may...
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by Christopher Nye | Mar 20, 2019
Factory orders for US goods rose by only 0.1% in January, which was less than expected. This offers more evidence that US manufacturing activity, as well as the US economy in general, is slowing. Weakening economic data this month has supported the Fed’s stance to be...
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by Christopher Nye | Mar 20, 2019
The euro crept up to a two week high against the dollar yesterday. This was due to improved Economic Sentiment data, as well as anticipation surrounding the Federal Reserve’s monthly meeting on Wednesday, which ensured that the dollar remained weak. The euro also...
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