In the past several hours, the euro has surged following the release of comments from German Chancellor Angela Merkel, who has said that the single currency is “too weak” for Germany – weakness which is “due to the ECB’s policy” and which “makes German goods…comparatively cheap.” As of writing at 13:35 GMT, the euro is... View article >
Sterling GBP/USD 1 Week Chart The Pound (GBP) tumbled against the majority of its peers this morning as the Tories relinquished a double digit lead in the polls. Theresa May’s party suffered over the weekend as she faced a backlash over a supposed ‘dementia tax’ which would see the elderly with over $100,000 in assets... View article >
In Conan Doyle’s Hound of the Baskervilles, the legendary detective Sherlock Holmes solves a crime using his knowledge of what didn’t happen. Specifically, when Holmes learns that the victim’s dog had not barked during the night of the theft of a prized racehorse, Holmes knows that the offender is likely known to the dog – an insight... View article >
The Canadian dollar is off the sidelines and finally participating in the broad US dollar sell-off. USDCAD inched lower overnight on the back of rising oil prices that pushed WTI briefly above $50.00/barrel The Asia FX session was subdued. USDJPY consolidated this week’s losses in a 111.12-111.68 range. It was down for the week but... View article >
Sterling GBP/USD 1 Week Chart The Pound (GBP) rocketed higher yesterday morning following the release of better than expected UK Retail Sales figures for April. Data published by the ONS revealed that sales leapt from -1.4% to 2.3% last month, their highest level of growth since January 2016 and outpacing forecasts for a rise of... View article >
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