Independent coverage of UK markets, FCA policy and institutional trading
The American labour market contracted in July and the Dow Jones Industrial Average answered with a gain of roughly 65 points, a tenth of a percent, trading near 54,000 into the afternoon. The session …
Latigo Biotherapeutics and BlossomHill Therapeutics have provided more color for their respective initial public offerings as the companies look to join a Nasdaq newcomer class that’s shaping up to be…
The New York Fed Survey of Consumer Expectations shows that households’ inflation expectations decreased slightly over the short-term horizon and remained unchanged at the medium and longer-term horiz…
TD Securities strategists note that the US Dollar (USD) weakened after the disappointing July Payrolls report, but see limited downside against G10 currencies unless softer US inflation further reduce…
Norman Liebke at Commerzbank has revised Gas and German power price forecasts higher, citing tighter European storage, increased reliance on LNG and structural constraints on Qatari exports. The phase…
United States (US) President Donald Trump said in an interview with Punchbowl, released during the European trading session on Friday, that a potential interest rate hike by the Federal Reserve (Fed) …
Gold (XAU/USD) extends its recovery on Friday as weaker-than-expected US payroll growth weighs on the US Dollar (USD) and US Treasury yields. At the time of writing, XAU/USD trades around $4,356 after…
The US Dollar Index (DXY) trades around 99.95 at the time of writing on Friday, virtually unchanged on the day, as investors refrain from placing aggressive bets ahead of the release of the July US em…
Kevin Warsh’s ambiguity at the July FOMC means data releases like today’s payrolls carry greater risks of an outsized market reaction. Our call (70k) is close to consensus (80k), with only a tick high…
The United States (US) Bureau of Labor Statistics (BLS) is set to release the Nonfarm Payrolls (NFP) data for July on Friday at 12:30 GMT.
Commerzbank’s Tatha Ghose raises the near-term EUR/PLN forecast from 4.20 to 4.30, citing recent global risk-off moves and uncertainty surrounding the oil price shock.
Gold (XAU/USD) resumes its bullish trend on Friday, after a brief consolidation on Thursday, to reach fresh three-week highs above $4,300, with bulls aiming for mid-June highs in the $4,380 area. The …
According to a report from The Guardian, Saudi Arabia aims to extend its military operations against Iran-aligned Houthis for attacking the Najran province, which is located in its southern region, an…
GBP/USD extends its losses for the second consecutive day, trading around 1.3450 during the Asian hours on Friday. The pair depreciates as the British Pound (GBP) softens even as United Kingdom (UK) p…
The NZD/USD pair sticks to a negative bias for the second consecutive day and trades near the lower end of its weekly range, around the 0.5865 region, during the Asian session on Friday.
AUD/JPY halts its three-day winning streak, trading around 111.30 during the Asian hours on Friday. The currency cross depreciates as the Australian Dollar (AUD) loses ground, driven by a surge in glo…
China's Trade Balance for July, in US Dollar (USD) terms, arrives at $112.5 billion, higher than the $107.0 billion expected, but lower than the prior release of 125.62 billion.
Silver price (XAG/USD) trades 1% higher to near $62.20 during the Asian trading session on Friday. The white metal rises ahead of the United States (US) Nonfarm Payrolls (NFP) data for July, which wil…
The AUD/USD pair steadies around the 0.7030-0.7025 region during the Asian session on Friday as traders opt to wait for the release of the closely watched US monthly employment details before placing …
The US Dollar (USD) posted gains against every major currency on Thursday, with the US Dollar Index (DXY) up 0.26% near the 100.00 level as Oil rallied 3% on the reported Strait of Hormuz vessel ban, …
NZD/USD trades lower near the 0.5900 level at the time of writing, with no New Zealand catalyst behind the move. The US Dollar Index (DXY) is up 0.26% near the 100.00 level, and the Kiwi is simply on …
Societe Generale strategist Kiyong Seong turns tactically constructive on USD/KRW, arguing that recent Won strength has been driven by late-stage flow factors rather than fundamentals.
UOB Global Economics & Markets Research, led by economists Enrico Tanuwidjaja and Sathit Talaengsatya, analyzes Thailand’s July CPI undershoot driven by lower fuel prices while core inflation edges hi…
Scotiabank’s team notes the Pound is fractionally weaker versus the Dollar, with fundamentals less supportive as yield spreads soften. However, sentiment is improving as markets fade earlier political…