Fundamental Analysis

Germany’s Producer Price Index Declined To A 7-Month Low Level In December

Germany’s Producer Price Index Declined To A 7-Month Low Level In December

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For the 24 hours to 23:00 GMT, the EUR slightly rose against the USD and closed at 1.1370. Data indicated that the Germany’s producer price inflation slowed to a 7-month low level of 2.7% on an annual basis in December, falling short of market anticipation for a gain of 2.9%. In the prior month, the…
Currencies: EUR/USD Decline To Slow?

Forex Week in Review - 21 January 2019

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Last week was another positive affair for the world’s major markets with all of the majors again making gains. In Europe over the course of the week, the FTSE was up on last week’s close by 0.72% at 6968.3; the Dax ended at 11206, 2.9% up on last week’s close; the CAC was up by…
Currencies: EUR/USD Decline To Slow?

May’s Plan B to Re-label Plan A - 22 January 2019

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I suppose there is a kind of inescapable logic to the proposition that Theresa May laid before the House of Commons for alterations to the EU Withdrawal Deal that suffered the worst margin of defeat in British parliamentary history less than a week before. May has long claimed that hers was “the only” deal that…
Shutdown And Brexit Still In Focus

Shutdown And Brexit Still In Focus

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Weakened USA, weakened EU Coming up to the USA’s federal government shutdown, the American economy was in acceleration mode. Although new data are scant, it appears shutdown will have more negative effect than originally forecast. Traders should be prepared for disappointment. The US yield curve continues to flatten; consumer sentiment has weakened. The chaos on…
USD Holds Steady Despite China’s Slowdown

USD Holds Steady Despite China’s Slowdown

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The USD remained steady against a number of currencies, despite the Chinese economy slowing down as expected. Hopes for an improvement in the US-Sino trading relationships seem to rise as the slowing Chinese GDP growth rate could add further pressure for an agreement. Focus is being turned towards the visit of the Chinese Vice Premier…
Stocks Extend Trade Gains, Brexit Saga Continues

Stocks Extend Trade Gains, Brexit Saga Continues

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Reports China is willing to buy more US goods keep risk appetite buoyed Euro/dollar eyes keep support area, looks to Thursday’s ECB meeting Today, focus turns back to the UK; PM May presents her alternative Brexit plan Fresh trade headlines propel stocks even higher, yen retreats US equity markets recorded another round of sizeable gains…
Chinese Growth Slows Further | May Goes After Irish Backstop

Chinese Growth Slows Further | May Goes After Irish Backstop

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Theresa May needs to get more clarification on the Irish backstop, sterling may move towards the 1.30 mark. Investors focus on Chinese GDP growth while investors increase gold holding Investors are concerned about the equity markets despite the fact that there are hopes that trade tensions are going to subside and there will be no…
China’s GDP Is Up By 6.4% In Q3

China’s GDP Is Up By 6.4% In Q3

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The U.S. Dollar posted strong gains on the day on news that China had proposed a 6-year increase of U.S. goods imports as part of the trade talks. Economic data from the U.S. was relatively quiet. The industrial production figures showed a 0.3% increase on the month in December. This beat estimates of a 0.2%…
Markets Rise As Chinese Data Confirms The Economy Is Weakening

Markets Rise As Chinese Data Confirms The Economy Is Weakening

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The partial US government shutdown continued into the fourth week as disagreements between the White House and Congress remain. Over the weekend, Donald Trump offered Democrats a deal that would include extending protections for DACA individuals. These are people who were brought to the country illegally as children. In response, Nancy Pelosi said that Trump’s…
Currencies: EUR/USD Decline To Slow?

Currencies: EUR/USD Decline To Slow?

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Rates: Risk sentiment to set the toneThe US 10-yr yield touched first resistance last Friday as stock markets flourished. Risk sentiment will drive intraday gyrations on bond markets today as well amid an empty eco calendar and in absence of US investors (MLK Day). These conditions might last until Thursday when January EMU PMI’s will…