GBP/USD attracts some intraday buying on Monday, but lacks follow-through. A modest dollar pullback from two-decade highs offers some support for the pair. The fundamental/technical backdrop still appears to be tilting in favor of the bearish traders. The pair GBP/USD it has bounced slightly from its lowest level since March 2020, around the 1.1445 area […]
Tag: Politics
United Kingdom: Liz Truss will be the next prime minister
Liz Truss won the race for the leadership of the Conservative Party and will become prime minister of the United Kingdomreplacing Boris Johnson. In her acceptance speech, Truss said she will address long-term energy supply issues and the crisis over high energy bills in homes. “I will rule as a Conservative,” said the next prime […]
GBP/USD remains defensive below 1.1500 ahead of UK PM
GBP/USD falls to its lowest level since March 2020 and is under pressure from a combination of factors. The gloomy economic outlook for the UK weighs on the British pound amid broad dollar strength. Traders await the UK Prime Minister’s announcement amid relatively tight liquidity conditions. The pair GBP/USD start the new week with a […]
The Fed will throw the US economy into a recession – Senator Elizabeth Warren
The Democratic US Senator Elizabeth Warrenhas expressed concern on Sunday about a possible recession in the US economy, criticizing the aggressive stance of Fed Chairman Jerome Powell. Featured Statements “You know what’s worse than high prices and a strong economy? It’s high prices and millions of people out of work. I am very concerned that […]
US: China’s provocative actions are a significant escalation – Anthony Blinken
US Secretary of State Anthony Blinken has returned to comment, via Reuters, saying that “China’s provocative actions are a significant escalation“. Additional comments The United States has repeatedly told China that not looking for a crisis Pelosi’s visit was peaceful and does not justify China’s extreme response There is no justification for the answer “grossly […]
Germany: We have taken numerous steps to quickly diversify away from Russia
The CEO of Siemens Energy said on Wednesday that they currently have one turbine in operation at the Nord Stream compression station, adding that they need 5 turbines to reach 100% capacity, Reuters reports. “We are doing our best to deliver the turbine, we can not understand what is the delay“, said the CEO. Commenting […]
Forex Today: Dollar Recovery Loses Strength Ahead of Key Data Release
This is what you need to know to trade today Wednesday, August 3: The DXY dollar index snapped a four-day losing streak on Tuesday as it escalating geopolitical tensions it allowed safe-haven money flows to continue to dominate financial markets. There appears to be a modest improvement in risk sentiment early on Wednesday, with US […]
Forex Today: Escalating Geopolitical Tensions Weighing Sentiment
This is what you need to know to trade today tuesday august 2: The markets have turned risk averse amid escalating geopolitical tensions on Tuesday. The dollar remains relatively resilient against its main rivals and global stock indices remain lower. The Shanghai Composite Index is down more than 2%, the Euro Stoxx 600 Index is […]
Italy falls back into old habits – Danske Bank
Danske Bank strategists offer their opinion on the Italian political turmoil, with the fate of Prime Minister Mario Draghi in limbo. Featured Comments “Italy has plunged into a new government crisis after three of the four main parties of Mario Draghi’s unity government (Five Star Movement, Liga and Forza Italia) announced that they would not […]
All those who cheer for Mario Draghi
At 5 on Sunday afternoon the announcement on Facebook of Matteo Renzi: «We have exceeded 80 thousand signatures to tell Draghi: don’t deal with anyone, come to Parliament and make a take or leave speech. We are there. Go on with Draghi. Do we get to 100 thousand? ». That of the leader of Italia […]