The US dollar continued its bullish rally even after the disappointing GDP numbers. According to the statistics agency, the country’s economy contracted by 1.4% in the first quarter. This decline was the worst since the Read more…
Another week has meant more losses for the Japanese yen, as USD/JPY punched above the symbolic 130 line for the first time in 20 years. How badly is the yen doing? The currency last posted Read more…
After several weeks of moving in a sideways range, WTI continues to trade nearby $100 per barrel. Traders have a lot of information to digest at the moment, as geopolitical tensions, post pandemic issues and Read more…
EUR/USD The day for the euro was defined by a range-bound movement. At the beginning of the European session, we monitored a slight gain towards 1.0565 in favour of the bulls, but the German CPI Read more…
USDCHF has been in the green almost every single day since mid-April, stretching its exciting rally to a new two-year high of 0.9758 before easing a bit to 0.9700 early on Friday. The continuous winning Read more…
SNB Chairman Thomas Jordan said two reasons have spoken against a rise in interest rate in reaction to inflation. “First, inflationary pressure is moderate here in Switzerland. Second, inflation is likely to return to the Read more…
Germany GDP grew 0.2% qoq in Q1, matched expectations. On the same quarter a year earlier, GDP grew 3.7% yoy. The growth was mainly due to higher capital formation, whereas the balance of exports and Read more…
Dollar is paring some gains today but remains the strongest one for the week. Canadian Dollar is currently the second best. Euro is trying to recover but remains the second worst, just next to Sterling. Read more…
Swiss KOF Economic Barometer improved from 99.7 to 101.7 in April, above expectation of 99.3. It’s back above long-term average of 100 after dipping below that level in March. Outlook for the Swiss economy is Read more…
France GDP stagnated with 0.0% qoq growth in Q1, below expectation of 0.3% qoq. Households’ consumption expenditure sharply decreased (-1.3% after +0.6%) while gross fixed capital formation (GFCF) slightly decelerated (+0.2% after +0.3%). Finally, internal Read more…