There’s been very little in terms of proper direction to work with in the pair as trading this week has been centered around the focus on Fed chair Powell’s speech at Jackson Hole. There...
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Eurozone July M3 money supply +5.5% vs +5.6% y/y expected
Prior +5.7% Broad money growth in the euro area continues to ease from an annual rate as monetary aggregate has decreased since the massive injection of liquidity during the pandemic. That is no surprise...
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ECB’s Rehn: Investigation phase for digital euro expected to conclude in October 2023
He adds that after this phase, the central bank will then decide on whether to embark on actually building a digital euro. Well, chances are if other major central banks aren’t pursuing this too...
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European equities open lower to start the day
Eurostoxx -0.1% Germany DAX -0.4% France CAC 40 -0.2% UK FTSE -0.3% Spain IBEX -0.3% Regional stocks remain on the defensive as soaring energy prices have cast a grim outlook on things ahead of...
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AUD/USD falls to fresh one-month lows as risk stays on the defensive
The pair is trading down to 0.6857 on the day currently, its lowest level in a month as sellers look to take out the 5 August low at 0.6869 on the daily chart. The...
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EUR/USD: Parity within reach
One can argue that this has been coming after the euro suffered a failure in its latest breakout above the swing region around 1.0283 two weeks back. The push higher stalled at the 61.8 Fib retracement...
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GBP/USD knocking on the door of the next leg lower
The outlook for cable pretty much mirrors a lot of what we see in EUR/USD and with the dollar running hot again in the past week, it is hard to fight the momentum when...
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Alibaba does it with TikTok
The latest figures from China were anything but exciting. Tencent even reported a drop in sales compared to the same period last year for the first time. Alibaba shares are trading well below $100 again. After all:...
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What could make life difficult for the DAX in the new week
As surprising as the upswing has been in recent weeks, the coming days could be just as disappointing. Many stockbrokers expect an unstable trembling phase after the break in the short-term DAX uptrend. There may be...
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Key events and releases for the week starting August 22
What key events and releases will be driving the markets next week? Tuesday , August 23 various flash PMI estimates for Europe and UK US/services and manufacturing PMI indices, 9:45 AM ET. Manufacturing PMI...
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