Volatility slowed significantly in AUD/USD on Thursday the pair edging slightly lower on a light economic calendar. The pair is on track to post a fourth consecutive day of losses and has erased most of last week’s gain. The Australian dollar was the only major
It is wonderful to be here in Bradford, just a few miles away from where I grew up. The City has of course a rich commercial history dating from the Industrial Revolution. Back then, it was a thriving hub for textiles and other manufacturing industries.
There’s no end in sight to slumping oil prices. That’s good news for consumers, but a dire trend for major oil producers like Saudi Arabia and Russia. And now, rising US oil production and exports are contributing to the slump. Last week, oil prices reached
Broad measures of China’s economic momentum held up better than expected in May, pointing to increased stability in the world’s second-largest economy. Industrial production, the broadest measure of factory output, rose 6.5% in May from a year earlier, the National Bureau of Statistics reported in Beijing.
The American Petroleum Institute (API) reported a build of 2.75 million barrels in United States crude oil inventories, compared to analyst expectations that markets would see a draw of 2.7 million barrels for the week ending June 9—a 5.45-million-barrel discrepancy that is bound to unsettle
EUR failed to rise on upbeat political developments. It appears that EUR is trading more like a high-beta growth currency; unusual for a low yielding current account surplus currency. EUR has probably benefitted from unhedged equity inflow and is vulnerable to a correction in equities.
It’s been one crisis after the other for Uber, calling into question the future of the $69 billion startup like never before. And now it’s all coming to a head. On Tuesday, Uber is expected to release to employees the results of an intensive months-long study
The week begins with a light schedule for economic releases. Let’s fill the vacuum by focusing on three markets that will be under close scrutiny this week. The recent rally in gold has inspired some analysts to roll out bullish forecasts for the metal. The
The British pound has stabilised on Asian markets, remaining at its low after last week’s shock election results in the UK. The currency traded at $1.2740 early on Monday after Friday’s $1.2743 close. Analysts suggest the likelihood of a minority Conservative government might stave off
At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The broad-based pick-up in the global economy is continuing. Labour markets have tightened further in many countries and forecasts for global growth have been revised up since last