by Jonathan Cook | Sep 5, 2024
The US dollar has suffered post Labor day as a couple of high-profile economic disappointments raise the temperature for the Federal Reserve. The US dollar has ceded ground to both the euro and the pound since Tuesday. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1...
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by Jonathan Cook | Sep 5, 2024
Financial analysts will tell you EUR/USD may come under pressure soon due to mathematical trading models – collectively known as technical factors. Yesterday though, it benefited from economic fundamentals, particularly the US JOLTs job openings report. GBP/EUR: the...
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by Jonathan Cook | Sep 5, 2024
The light schedule of UK data has helped sterling hold on near its highest in a month against its main rivals. Expect more volatility (and less security) in its position as the news ramps up next week. GBP/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1...
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by Jonathan Cook | Sep 5, 2024
GBP/USD shot up by half a cent on Wednesday, as underwhelming US jobs data boosted the case for a swift reaction from the Federal Reserve this month. Sterling traded up slightly against the euro before seeing its advances beaten back in the afternoon session. EUR/USD...
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by Charles Purdy | Sep 4, 2024
Sterling has managed to hold onto most of its strength this week. This is despite the storm clouds gathering, as US data yesterday suggested that the world’s biggest economy is entering a recession. Share prices fell sharply again, as did the oil price, and all just...
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