Forex and the Economy

May’s Resignation means Brexit is Back to Square One

One word perfectly sums up the events of this week. Disappointing.  For some it began with the uninspiring conclusion of Game of Thrones, long-term stock investors grimaced at the lack of progress with the US-China trade war, and FX traders will see the British pound remain in limbo after Prime Mi ...

OANDA Market Insights podcast (episode 66)

OANDA Senior Market Analyst Alfonso Esparza previews the week’s business and market news with Jazz FM Business Breakfast presenter Jonny Hart. Theresa May resignation as UK PM, the EU elections and China not backing down on US-China Trade War. May’s Resignation means Brexit is Back to Squ ...

Theresa May’s resignation is not good news for British pound, say analysts

The British pound strengthened broadly against its rivals on Friday as U.K. Prime Minister Theresa May announced her resignation, after her deals to usher Britain out of the European Union failed and she lost the confidence of her political inner circle Sterling GBPUSD, +0.1027% was trading at $1.2 ...

USD/JPY – Investor angst boosts safe-haven yen

USD/JPY is almost unchanged on Friday. In the North American session, the pair is trading at 109.60, up 0.01% on the day. On the release front, Japanese National Core CPI improved to 0.9%, matching the forecast. The All Industries Activity indicator declined 0.4%, marking a fifth successive decline ...

Pound rally limited on Brexit Redo

The long drawn out process for Theresa May to resign is over.  PM May’s emotional speech at the doorsteps of 10 Downing Street delivered the news she will step down on June 7th.  After three failed Brexit deal votes in Parliament and a fourth pitch that was dead on arrival, May had no choice ...

EUR/USD – Euro subdued in light-data session

EUR/USD has paused on Friday, after gaining ground on Thursday. Currently, the pair is trading at 1.1193, up 0.10% on the day. There are no German or eurozone events on the schedule. Today’s highlight is U.S. durable goods orders, with the markets braced for soft numbers. Durable goods orders is ...

Escalating Trade Tensions Weigh On Investors

Week of May 20-24 Despite risk appetite improving, market waits for further trade clues Global markets continue to weather some erratic turbulence now that the U.S and China have hit each other with increased tariffs and ended their latest round of trade negotiations without a resolution. But the p ...

Mayday May-day?

  What May the pound do? PM May is due to meet the 1922 Committee, a group of Conservative backbenchers, today and there is widespread speculation that she would give a definite timeline for her resignation. While some are clamouring for an immediate departure, it would require an amendment to exi ...

A bonfire of vanities

Prepared by Jeff Halley, Senior Market Analyst A bonfire of vanities It’s taken quite a while, but finally, markets appear to be starting to price in the effect of an extended US-China trade war on global growth. The two strongest bastions of denial – the equity and oil markets – led the way ...

Daily Markets Broadcast 2019-05-24

Daily Markets Broadcast 2019-05-24 Wall Street sinks amid lack of progress in trade talks Wall Street indices extended recent losses yesterday with a lack of new developments in the US-China trade negotiations raising fears of a global slowdown. Oil prices collapsed as a result.   US30USD Daily C ...