by Christopher Nye | Dec 31, 2018
With the interventions of the President likely to continue, and possibly get more frequent again now that Chief of Staff Kelly has left the White House, the dollar is a tricky one to call. Economic data is still good and on Friday this week we have non farm payrolls...
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by Christopher Nye | Dec 31, 2018
Data this week is PMI with manufacturing on Wednesday, construction Thursday and then finishing off with services on Friday. These were all still above that important 50 level last month, but as highlighted by the Chinese data overnight, a slip back below 50 is an...
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by Christopher Nye | Dec 31, 2018
The UK Government has announced it will be spending more than £100 million on attempting to ease any potential backlogs at channel ports in the event of a no-deal Brexit. Ironically, most of the money will be going abroad, with the lion’s share of the contracts given...
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by Christopher Nye | Dec 28, 2018
The Fed signalled last week that they will be far more ‘data dependent’ this year when they consider whether to hike rates any more or not, so next week’s non farm payroll data might get some attention. Until then the dollar is more likely to trade on sentiment from...
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by Christopher Nye | Dec 28, 2018
Lots of PMI data next week to help us get an idea of the health of the euro zone economy, and the single currency will also soon be celebrating its twentieth birthday. Euro also trades at familiar levels against the US dollar at 1.1450 but is slightly stronger against...
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