Bundesbank said in the latest monthly report that German economic output is likely to decline noticeably again in the winter quarter of 2022. But economic prospects are “good”. It said, “in view of the very Read more…
Bulls tighten grip on Monday, driven by news of possible Biden-Putin meeting over Ukraine that revived risk appetite at the beginning of the week. Fresh strength pressures tops of past two days (1.3638/42) which lay Read more…
The pound has posted gains at the start of the week, punching above the 1.36 line. In the European session, GBP/USD is trading at 1.3634, up 0.35% on the day. PMIs points to UK rebound Read more…
Biden and Putin agree to hold talks as Russia and Ukraine on the brink of war Gold’s advance halted at $1,900/oz as risk tone recovers Euro is revived, strong PMIs help too; dollar and yen Read more…
The US 500 stock index (cash) faced a tough wall near its 20- and 200-day simple moving averages (SMAs) last week, which negatively crossed each other for the first time since March 2020, raising worries Read more…
The Aussie Dollar started a fresh increase from the 0.7120 support zone against the US Dollar. The AUD/USD pair traded above the 0.7150 level to move into a positive zone. The pair even traded above Read more…
UK PMI Manufacturing was unchanged at 57.3 in February, below expectation of 57.5. PMI Services surged from 54.1 to 60.8, above expectation of 55.2, an 8-month high. PMI Composite rose from 54.2 to 60.2, also Read more…
Gold in the previous trading session transmitted a bearish reversal message around the 1,900 price hurdle, following a three-week rally from the 1,780 trough. The hanging man candle formation is receiving credence with the subsequent Read more…
A belated good morning from Jakarta where I am on day two of managed isolation and where, unfortunately, my hotel room’s internet ceased functioning last night. Back home in New Zealand, it’s been nearly two Read more…
US/Russia summit lifts FX risk sentiment Most of the major currencies appear to be around their year-end levels as the end of the month approaches, having weathered a US dollar storm over the first five Read more…