Forex and the Economy

Mnuchin Says No Change to U.S. Dollar Policy ‘As of Now’

Treasury Secretary Steven Mnuchin said there is no change in the U.S.’s dollar policy “as of now” but wouldn’t rule out a shift at some stage in the future. There has been “no change to the dollar policy,” he said during an interview Thursday following a Group of Seven finance ministers ...

UK lawmakers to vote on latest bid to try to prevent a no-deal Brexit

British lawmakers will vote on Thursday on a beefed-up proposal aimed at making it harder for the next prime minister to try to force through a no-deal Brexit by suspending parliament. Boris Johnson, the frontrunner to succeed Prime Minister Theresa May next week, has said Britain must leave the Eu ...

European update – Markets, UK, gold, oil, bitcoin

Earnings weigh on sentiment We’re facing another day of negative stock markets on Thursday, as earnings season gets off to the tough start that many anticipated. Source – Thomson Reuters Eikon Netflix became the latest company on Thursday to face an investor backlash as subscribers rose at ...

Business Breakfast with OANDA on Jazz FM

OANDA Senior Market Analyst Craig Erlam joins Jazz FMs Michael Wilson to discuss Netflix, Amazon, Carney’s failed IMF bid and Housing. US Open – Netflix misses, Iran seizes a vessel, Silver gains on gold, Bitcoin eyes $10,000Posted 30 minutes ago Gold eases from two-week high on profit-ta ...

Pound better bid ahead of retail sales

  Rebound extends to a second day GBP/USD looks poised to extend the rebound from more than two-year lows today with near-term trendline support holding for now. Traders are awaiting the retail sales data for June, which are due in just under an hour’s time, are expected to show another month-on ...

Aussie higher after jobs data

  Details better than headline On the headline, the June employment report for June didn’t look too impressive, with a mere net 500 jobs added in the month. However, drilling down into the details showed that 21,100 full-time jobs made up the total with a loss of 20,600 part-time ones. The rest ...

Daily Markets Broadcast 2019-07-18

Daily Markets Broadcast 2019-07-18 Wall Street slides on weak earnings reports US indices extended declines to a second day yesterday after earnings reports from the banking sector disappointed. Oil prices slid despite a drawdown of inventories while gold surged on a weaker US dollar.   US30USD D ...

Rebalancing the Global Economy: Some Progress but Challenges Ahead

By Gita Gopinath Español, 日本語 Following the global financial crisis, overall current account surpluses and deficits fell sharply from about 6 percent of global GDP in 2007 to about 3.5 percent in 2013. Since then, as shown in our new External Sector Report, global current account imbalan ...

European update – Markets, UK, Bitcoin, Gold, Oil

Markets flat as we await more earnings It’s been a pretty flat start to trading on Wednesday as we continue to make our way through the early stages of earnings season. Source – Thomson Reuters Eikon It feels like we’re entering into holiday mode now, with markets positioned for multiple ...

US Open – Earnings season picks up, Oil remains vulnerable, Gold steadies, and Bitcoin breaks

US equities are struggling for direction as investors weigh President Trump’s latest tariff threat to China, Fed chair Powell’s dovish reiterations, and a mix bag or earnings results.  Tuesday’s price action saw equities remember that Trump could easily become tariff man and put pressure on ...