Resurgent demand for the USD sparked further selling around the EUR / USD on Friday. The bullish Fed, rising US bond yields, and cautious state propped up the USD. The drop appears limited ahead of Sunday’s German federal elections. The pair EUR/USD updated daily lows during early European session, and bears now expect a sustained […]
Tag: Politics
Cabinet reports that it will implement policies to further boost consumption
In a cabinet statement, the Chinese government stated on Wednesday that implement policies to further boost consumption, Reuters reported, citing Chinese state media. In it, it was indicated that “stability and continuity will be maintained and the effectiveness of macro policies will be strengthened.” The announcement added that more market-based measures will be used to […]
EUR / GBP rises to two-week highs and looks to take advantage of momentum above 0.8600
A weaker British pound helps EUR / GBP regain positive traction on Wednesday. The rise appears limited ahead of the BoE meeting and German elections this week. A strength above the monthly highs should pave the way for a move to the 0.8670 area. The crossing EUR / GBP has risen to new two-week highs […]
USD / CAD flirts with daily lows around 1.2750
A combination of factors causes aggressive selling around USD / CAD on Tuesday. The result of the Canadian elections and the rebound in crude prices benefit the CAD. Risk appetite weighs on the safe-haven USD and contributes to the selling bias around the pair. The pair USD / CAD is extending the rejection drop of […]
Rebounds to new one-month highs, past 1.2850
A combination of factors continued to push USD / CAD higher for the third day in a row. A broad-based USD strength, falling oil prices continued to support the strong bullish move. The setup supports the prospects for a move towards a retest of the yearly highs, around 1.2950. The pair USD / CAD It […]
USD / CAD jumps to nearly a month highs above the 1.2800 level
A combination of factors is pushing USD / CAD higher for the third day in a row. Weaker oil prices weigh on the CAD and support the pair’s upward move. The Fed’s optimistic expectations and risk aversion benefit the safe-haven USD. The pair USD / CAD spreads its strong intraday gains and rises to one-month […]
Brexit: DUP May Exit Power Sharing of Stormont Agreement on Brexit Protocol
The address of the Democratic Unionist Party of Northern Ireland (DUP) withdraws from some cooperation with the Republic of Ireland under the 1998 Belfast agreement in protest of the Brexit Protocol, The Guardian reports. DUP leader Sir Jeffrey Donaldson warned that his party could not continue within the Stormont agreement if “protocol problems” persist. Featured […]
Prime Minister of Japan Decides Not to Run for LDP Leadership Race
The Japanese Prime Minister, Yoshihide Suga, said he has decided not to run for the leadership of the Liberal Democratic Party (LDP) and will instead focus on measures against the coronavirus. Earlier, the Japanese media reported that the president will not stand in the next party elections. Kyodo reported that Suga could resign as prime […]
Interest rates will remain favorable – François Villeroy
The member of the Governing Council of the European Central Bank (ECB) and President of the Bank of France, François Villeroy de Galhau, said that “interest rates will remain favorable.” Featured statements “France and the eurozone should return to pre-crisis levels in early 2022, Maybe before”. “There is no risk of higher inflation at this […]
The Constitutional Court annuls the Government’s housing decree law
The Constitutional Court has annulled the decree law of urgent measures to improve access to housing promoted in 2019 by the Government, which forced large holders to offer social rent to vulnerable people who illegally occupy a home. Legal sources have informed Efe that in plenary session the court of guarantees has declared for unanimity […]
