by Jonathan Cook | Dec 5, 2024
Michel Barnier’s brief tenure as French prime minster is over after parliament passed a vote of no confidence in his leadership. After a dramatic night of voting that would prompt Barnier to offer his resignation, the euro opened Thursday’s session down against is...
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by Jonathan Cook | Dec 5, 2024
According to Fed chair Jerome Powell, the US economy now looks stronger than it did back in September when interest rates were first cut. Powell was clear in saying that subsequent rate cuts would have to come slowly and thoughtfully, which provided a boost for the US...
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by Jonathan Cook | Dec 4, 2024
The euro stood firm in the face of political adversity on Tuesday but now stares down a crucial vote in French parliament. Michel Barnier’s role of the dice could see high levels of uncertainty creep in before the weekend. EUR/USD actually climbed by a third of...
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by Jonathan Cook | Dec 4, 2024
An interesting sidecar to the JOLTs report was news that the number of “quits” – those who have voluntarily left their positions – rose to 3.33mn in October, the highest level in five months. Perhaps it was this that meant the strong headline labour figures didn’t...
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by Jonathan Cook | Dec 4, 2024
The euro showed admirable resilience to uncertainty in Paris yesterday. It’s safe to say there will be no such reprieve should a vote of no confidence pass. That would open up a seperate can of worms, the likes of which currency markets rarely react to well. GBP/EUR:...
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