Bank_rate decision

The US Dollar Index failed to stabilize last week, even after central bankers have sent a clear message to the market that the easy monetary policies are coming to an end. Such remarks were supposed to push currencies higher. The US Dollar Index failed to stabilize above 96.30’s support area and dropped all the way to 95.60’s. However, at the b...

2017-07-04 Nour Eldeen Al-Hammoury Read more
China's inflation_0803

The US Dollar Index remains within a tight range since the beginning of the week, trading right below its key resistance area which stands at 102.0 This is despite the fact that the US data that were released yesterday came in with disturbing news for the Fed. Yet, there are many economic figures that investors are eyeing ahead, whether from th...

2017-03-08 Nour Eldeen Al-Hammoury Read more
NFP_Non Farm Payrolls

The US nonfarm payrolls report covering the month of January 2017 will be released on Friday, February 3rd 2017 by the Bureau of Labor Statistics at 12:30 GMT. The median estimates for the January payrolls report are as follows: Monthly nonfarm payrolls change: 170k Unemployment rate: 4.7% Average hourly earnings m/m: 0.3% Previo...

2017-02-02 John Benjamin Read more
ISM_Non manufacturing_0610

ISM Non Manufacturing Biggest Monthly Increase On Record Having fallen back to 51.4 in August, a level which has historically signalled a forthcoming recession, the ISM Non- Manufacturing Index recovered in September to print 57.1 – marking the best level in almost a year and the highest month on month increase in the survey’s history. [ca...

2016-10-06 James Harte Read more
UK Jobs_0404

Since the end of last week, the US Dollar has been advancing across the board. It particularly popped at the beginning of this week on the back of better than expected economic releases and on hopes of a possible rate hike by the Federal Reserve later this year. Yet, nothing has been confirmed, and the upcoming economic releases remain key for t...

2016-10-05 Nour Eldeen Al-Hammoury Read more
UK Jobs_0404

There was more pain for the GBP as construction PMI fell to a 3-year low following yesterday’s weak manufacturing PMI. In the US, ADP payrolls report showed 156k jobs against expectations of 195k. Today’s Economic events UK BRC Shop price index y/y -1.70% vs. -1.70% previously Australia AIG services index 49.7 vs. 49.5 New Zeala...

2016-05-04 John Benjamin Read more
Market news

The outlook for the euro became better yesterday as official sources claimed that Greece's creditors drafted the broad lines of an agreement which is due to be discussed today in a meeting between Alexis Tsipras and the European Commission President, Jean-Claude Juncker. The European currency experienced an episode of appreciation, but shortly a...

2015-06-04 Orbex Read more