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UK GDP rises 0.9% MoM in November versus 0.4% expected. The monthly publication of UK GDP has shown that the economy expanded more than expected in November, rising 0.9% versus 0.4% expected. and compared to 0.1% in the…
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USD / CAD was down for the third day in a row on Thursday and fell to a new weekly low. As US bond yields bounced, the Fed's aggressive outlook held the USD up and provided support. An intraday rebound in oil prices…
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EUR / GBP falls below 0.8500, although it finds support at the 50-day SMA at 0.8480. The pair falls despite upbeat rhetoric from the ECB and mixed UK GDP figures. The EUR/GBP moves lower on Wednesday and it is trading…
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"The German economy will experience a setback in the last quarter of 2021 and the first quarter of 2022 due to the pandemic, but it is set to regain significant momentum in the spring of next year."said the country's…
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The New Zealand's Gross Domestic Product (GDP) fell 3.7% in the third quarter of the year after having risen 2.4% in the second (figure revised down from 2.8%). The result improves the market consensus, which expected…
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A further drop in oil prices undermined the Canadian dollar and pushed USD / CAD to two-month highs. A sharp drop in US bond yields weighed on the USD and kept any significant gains capped. Investors are now looking…
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Liu Shijin, adviser to the People's Bank of China (PBoC), warned on Monday that the Chinese economy could enter a period of "quasi-stagflation". Featured Comments "The Chinese economy could enter a period of"…
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USD / JPY witnessed moderate / in-range price action on the first day of a new week. Risk appetite boost, disappointing GDP undercut the JPY and offered some support. Falling US bond yields weighed on the USD and kept…
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The USD / JPY oscillates in a range on the first day of a new week. Lousy US data on Friday and falling US bond yields weigh on the USD and limit the pair's gains. A combination of factors weighs on the JPY and helps…
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EUR / GBP is hovering in a range below the 200 median on Thursday. Brexit nervousness, Bank of England shift in expectation, disappointing UK macro data weigh on GBP. EUR / GBP traded between minor gains and losses on…
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