by Jonathan Cook | Nov 27, 2024
FOMC minutes last night signalled more progress in the American economy’s fight against inflation. “Almost all participants agreed that risks to achieving the Committee’s employment and inflation goals remained roughly in balance”, the minutes read....
read more
by Jonathan Cook | Nov 27, 2024
Germany’s GfK consumer climate survey has not climbed out of negative territory in three years. The country’s economic malaise has put a cap on any euro successes and despite an uptick recently, the euro will need Germany to pull its weight to combat Trump’s tariffs....
read more
by Jonathan Cook | Nov 27, 2024
For GBP/USD, it’s been a case of the less said the better with the pair now below the level it started the year. It’s a different story for the pound against the euro. Despite volatility, GBP/EUR has trended broadly in the same direction – towards the highs it set in...
read more
by Jonathan Cook | Nov 27, 2024
The pound regained some stability in yesterday’s session, which saw attention variously turn from Israel to the USA and then back to Israel again. More focus on the political comings and goings has given proceedings a volatile flavour with sentiment liable to turn at...
read more
by Jonathan Cook | Nov 26, 2024
New treasury secretary Scott Bessent is a key appointment for the US dollar. We can’t know his precise policies just yet but he is known to be keen on plugging the massive government deficit and will likely go along with Trump’s tariff policies, while possibly...
read more
