by Jonathan Cook | Jun 5, 2024
The US dollar has been weighed down by recent data, a trend that continued yesterday with JOLTs job openings. The dollar’s fall has hardly been precipitous, but markets have found it increasingly difficult to justify their existing positions. EUR/USD: the past year 1...
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by Jonathan Cook | Jun 5, 2024
Decision time is approaching for the ECB, but that will come after the last set of key data from the bloc. Final HCOB reads for key jurisdictions arrive this morning, which could provide a late change of thinking for policymakers. GBP/EUR: the past year 1 Min 5 Min 1...
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by Jonathan Cook | Jun 5, 2024
Sterling might not need any warnings of the devastating impact elections can have. After all, several of the UK’s most recent elections have prompted huge volatility for its currency. However, the fate of the Indian Rupee should provide a wake up call for those in any...
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by Jonathan Cook | Jun 5, 2024
Currency markets were relatively unmoved yesterday, with any moves swiftly cancelled out by minor corrections. That came in the absence of much market-moving data, but the drifting undercurrent of risk served to sharpen minds for challenges ahead. GBP/USD had briefly...
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by Jonathan Cook | Jun 4, 2024
Far from easing itself into the new week, the US dollar was on the wrong end of some pressure on Monday. Subdued manufacturing data combined with Friday’s figures helped convince some traders that the Federal Reserve was being too gung-ho with its rate talk. EUR/USD:...
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