by Julian Benson | Oct 7, 2024
Factory orders in Germany shrank 5.8% month-on-month in August, compared with market forecasts of a 2% fall and after 3.9% growth a month prior. This is the steepest decline since January and is largely due to big-scale orders for aircraft, ships and trains. EUR/USD...
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by Julian Benson | Oct 7, 2024
The Japanese yen lost around 3% last week as top officials tempered expectations of additional rate hikes. The yen came under additional pressure early last week as strong US economic data suggested the Federal Reserve does not have to be as aggressive with rate cuts...
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by Julian Benson | Oct 7, 2024
After embarking on a downward cycle last week, the pound started the European session close to 2% lower against the US dollar and 0.2% lower against the euro since last Monday. Overall, the pound’s monthly gains still stand against the euro, coming in 1% higher than...
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by Christopher Nye | Oct 4, 2024
The US dollar continued to gain yesterday, as the chance of a 50-basis point interest rate cut in a month’s time receded. The gain was more than 1% against sterling but was also significant against the Australian dollar too. This afternoon we’ll get Non-Farm Payrolls,...
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by Christopher Nye | Oct 4, 2024
It was a mixed day for the single currency yesterday, with the BoE following the ECB in warning of more interest rate cuts. We are awaiting construction figures across the eurozone, plus comments from several ECB interest-rate setters. EUR/USD past year 1 Min 5 Min 1...
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