by Jonathan Cook | Jun 24, 2024
The US dollar used the S&P’s flash manufacturing PMI data for June as a launchpad for further gains on Friday. Services and manufacturing indexes were both on the rise, which helped contain any further talk of Federal Reserve rate cuts. EUR/USD: the past year 1...
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by Jonathan Cook | Jun 24, 2024
Markets are still digesting last week’s BoE decision. While the choice to leave rates on hold was expected it has put some strain on sterling. What was perhaps more surprising was the language used to explain it. GBP/USD: the past year 1 Min 5 Min 1...
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by Christopher Nye | Jun 21, 2024
The dollar shot upwards yesterday, ending the day half a percent up on the pound and yen and not far off that against the euro. The reason for the dollar’s strength is the US Federal Reserve’s continued hawkish view of interest rates, with no cuts imminent. This...
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by Christopher Nye | Jun 21, 2024
It was another poor day for the single currency, which has fallen against the US dollar by close to 2% in the past fortnight. We will shortly get a reading for PMI, and Monday kicks off with the Ifo Business Climate report for June. EUR/USD past year 1 Min 5 Min 1 Hr...
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by Christopher Nye | Jun 21, 2024
The rise in retail sales has left the pound only around 0.1% down over the past 24 hours, and GBP remains roughly two to three percent up across the year against major rivals such as EUR, NOK, CAD and others. After all the action this week, there is little on the...
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