by Jonathan Cook | Aug 7, 2024
Sterling is struggling to overcome its recent struggles. The pound ended yesterday at multi-week lows against the US dollar and the euro and you have to squint very hard to see an escape route in the next few weeks. Stranger things have happened, as recent events have...
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by Jonathan Cook | Aug 7, 2024
Monday’s mood of panic faded yesterday on the back of a strong fightback from the Japanese market. Things also stabilised in the US and Europe as investors slowly realised their reaction to recent events may have been a tad extreme. Tuesday had a morning after the...
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by Julian Benson | Aug 6, 2024
The ISM services PMI in the US rose to 51.4 in July from the April 2020 low of 48.4 in June. This exceeded market expectations of 51, indicating the first rebound in US services activity since May. USD/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To ...
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by Julian Benson | Aug 6, 2024
On Wednesday morning, investors will be listening out for the German balance of trade figures for June which are expected to fall slightly to €24 bn, from €24.9 bn in May – the largest trade surplus since January this year. GBP/EUR: the past year 1 Min 5 Min 1...
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by Julian Benson | Aug 6, 2024
There was a sour mood in the air yesterday as global stock markets experienced mass turbulence due to growing concerns surrounding a US recession. Key Wall Street stocks the Nasdaq Composite, S&P 500 and the Dow Jones, lost 6.2%, 4.2% and 2.8% respectively, while...
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