Latest Updates


EURGBP Pair Losses Keeps The Rebound Alive

EURGBP pair early losses and return close to the unchanged level, as the common currency today attracting some bids helped by better manufacturing data from Germany. It looks like the day will end with an indecisive close, neither sellers nor buyers were able to gain control during the session. The [...]

USDCAD Trading Steady On Canada Retail Sales Data Conflict

The USDCAD is virtually unmoved at 1.32577 as at the time of writing as retail sales data released by Statistics Canada for December 2019 show data conflict. While the Canada Core Retail Sales data came in at 0.5% (versus 0.4% consensus and 0.4% previous number), the headline Canada Retail Sales [...]
DAX Index

FTSE Set to End the Week Marginally Higher in Muted Trading

The FTSE 100 index looks set to end the week marginally higher than last week's close, as the coronavirus outbreak continues to weigh heavily on global markets. After weeks of containment, the global spread of the coronavirus seems to be on the rise. A so-called "superspreader", who contracted the virus [...]

GBPUSD At Daily Highs After Upbeat Manufacturing PMI

GBPUSD trades close to daily highs supported by stronger UK PMI  data. Manufacturing production rose in February at 51.9 beating the expectations of 49.7.  The manufacturing PMI is now the highest it has been in almost a year. But firms are reporting that stocks of inputs are taking longer to [...]

EURSEK Up After Eurozone PMI Surprise, Swedish Downbeat Data

The EURSEK pair surged today and hit a 2-week peak after Sweden released softer-than-expected capacity utilization data, and the Eurozone posted very upbeat PMI data.  Capacity utilization in Sweden dropped by 2.1% in Q4 2019 after it had posted a 0.5% gain in the 3rd quarter. The downbeat nature of [...]