Italy Poised For Populist Coalition
Two anti-establishment parties in Italy are set to present details of a coalition agreement Monday, but market participants do not seem substantially worried about the prospect of a populist...
View ArticleFedâs Mester Warns US on Debt
The U.S. should keep its debt-to-GDP (gross domestic product) in mind before things “get out of hand,” Federal Reserve Bank of Cleveland President Loretta Mester said Monday.Asked by CNBC’s Joumanna...
View ArticleECB Policy Makers Remain Optimistic Despite Slowdown
Three European Central Bank policymakers stuck with an upbeat assessment of the euro zone economy on Monday, shrugging off signs of a slowdown in inflation and activity.Bank of France governor...
View ArticleOil Stabilizes After Hitting Multi-Year Highs
Oil prices steadied below 3-1/2 year highs on Monday as resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran, while rising U.S. drilling pointed to higher North...
View ArticleTrump Now Pledges to Save ZTE
China has welcomed a pledge from Donald Trump to help save ZTE, one of China’s biggest telecoms companies.The firm has suspended operations after the US last month banned American companies from...
View ArticleEU Expects to Earn $23.5bn From Financial Transactions Tax
A proposed tax on financial transactions in 10 European Union countries could generate about 19.6 billion euros ($23.5 billion) of annual revenue, though Brexit could make collection more difficult,...
View ArticleUSD/JPY â Japanese Yen Steady as Japanese Inflation Matches Estimate
The Japanese yen has started the week with small gains, after trading sideways on Friday. In the Monday session, USD/JPY is trading at 109.63, up 0.22% on the day. On the release front, Japanese PPI...
View ArticleGBP/USD â British Pound Higher, Investors Eye U.K Employment Numbers
The British pound has started the week with gains. In the North American session, GBP/USD is trading at 1.3596, up 0.41% on the day. On the release front, there are no economic indicators in the U.K...
View ArticleGold Trading Sideways, US Retail Sales Next
After a mostly quiet week, gold has continued the trend in the Monday session. In North American trade, the spot price for an ounce of gold is $1319.86, up 0.10% on the day. It’s a very quiet day on...
View ArticleChina Data Flash
10:00*(CN) CHINA APR INDUSTRIAL PRODUCTION Y/Y: 7.0% V 6.4%E; YTD Y/Y: % V 6.7%E– Source TradeTheNews.comread more...
View ArticleEUR/USD â Euro Unchanged as German, Eurozone GDP Meet Expectations
EUR/USD is almost unchanged in the Tuesday session. Currently, the pair is trading at 1.1927, unchanged on the day. On the release front, German Preliminary GDP came in at 0.3%, close to the forecast...
View ArticleRate Differentials and Trade Fears Handcuff Capital Markets
Tuesday May 15: Five things the markets are talking aboutread more...
View ArticleUS Futures Pare Gains Ahead of Retail Sales Data
US Equities Looking Less Vulnerable After Recent Breakouts US equity markets have been on a good run of late but are poised to open slightly lower on Tuesday, paring the steady gains achieved over the...
View ArticleDAX Trading Sideways after Eurozone, Germany GDP
The DAX continues to trade quietly this week. In the Tuesday session, the DAX is at 12,991 points, up 0.10% on the day. On the release front, German Preliminary GDP came in at 0.3%, close to the...
View ArticleUSD/CAD â Canadian Dollar Slips, US Retail Sales Misses Mark
The Canadian dollar has posted considerable slight losses in the Tuesday session. Currently, USD/CAD is trading at 1.2897, up 0.66% on the day. On the economic front, there are no Canadian events on...
View ArticleU.S Retail Sales Advance, while Empire Report Strong Growth
April Advance U.S retail sales m/m: +0.3% vs. +0.3%e Retail sales ex-autos: +0.3% vs. +0.5%e Retail sales ex-auto and gas: +0.3% vs. +0.4%e Americans ramped up spending in April. U.S retail sales rose...
View ArticleUSD/JPY â Dollar Punches Above 110 Yen, Shrugs off Soft U.S Retail Sales
The Japanese yen has posted considerable losses in the Tuesday session, USD/JPY is trading at 110.29, up 0.58% on the day. On the release front, Japanese Tertiary Industry Activity declined 0.3%,...
View ArticleGBP/USD â British Pound Under Pressure as UK Employment Data Falters
Oanda Forex BlogThe British pound has posted losses in the Tuesday session. In the North American session, GBP/USD is trading at 1.3495, down 0.44% on the day. On the release front, UK employment...
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