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The USDJPY was higher after ADP employment figures beat analyst expectations. The ADP number saw a gain of 749k jobs, compared to the 650k expected and this was a boost to the greenback ahead of Friday’s Non-Farm Payrolls number. The U.S. dollar also saw a slightly higher revision to second […]
The GBPTRY pair rallied this week after Armenia said that one of their jets was shot down by a Turkish F-16. Turkey denies the claim, but tensions have been rising between Armenia and Azerbaijan, which is an ally of Turkey. The fighting is at risk of seeing Russia drawn into […]
The Nasdaq was heading for a lower open on Wednesday after the U.S. Presidential debate failed to bring clarity to the race. The first head-to-head between President Trump and Joe Biden was a hostile affair, which failed to bring anything new to the table. Prediction markets have Joe Biden ahead […]
GBPCAD is testing resistance near the 1.7300 level and the BoE’s Andy Haldane has boosted the pair by ruling out negative rates anytime soon. GBPCAD pushed through resistance on Monday and is looking for a catalyst to see further gains. The recent weakness in crude oil has supported the pound […]
The crude oil price was sharply lower on Tuesday as hopes of further U.S. stimulus gave way to fears of slowing demand from the increase in virus restrictions. Cases continue to rise in Europe and in parts of the U.S. as the Western countries head further into the winter and […]
GBPJPY was 0.30% lower on the day after improved industrial production and retail sales data from the Japanese economy. Industrial production was still at a disappointing -13.3% but this was better than the -15.5% expected by analysts. Retail sales were also negative but they also defied economist’s expectations with a […]
The EURGBP was higher by 0.20% on Wednesday after traders shrugged off a GDP improvement in the U.K. to focus on a speech by Christine Lagarde and other ECB members. Finalized GDP for the second quarter saw the U.K.. economy drop -21.5%, which was slightly higher that the -21.7% expected. […]
The EURUSD was higher yesterday as the pair tried to recover some ground from a recent sell-off. The price is flat today as we move into a packed economic calendar for the pair in the second half of the week. Today kicks off the data releases with finalized GDP figures […]
The US Dollar index has been rejected by key resistance at the 94.62 level as the first Presidential debate begins. President Trump and Democrat nominee Joe Biden will battle it out in the first televised debate between the pair. Investing Cube has a dedicated page on the U.S. election with […]
The EURJPY was 0.5% higher on Tuesday despite the release of German inflation that showed a further drop below zero. September’s consumer prices fell -0.4%, which was well below the -0.1% drop analysts had expected. Similar data will be released for the Eurozone on Friday and a similar number would […]
