GBP The BoE left interest rates unchanged as expected but with Haskel and Mann this time voting for a hold instead of a hike. The […]
US MBA mortgage applications w.e. 19 April -2.7% vs +3.3% priorUS MBA mortgage applications w.e. 19 April -2.7% vs +3.3% prior
Prior +3.3%Market index 196.7 vs 202.1 priorPurchase index 144.2 vs 145.6 priorRefinance index 472.7 vs 500.7 prior30-year mortgage rate 7.24% vs 7.13% prior Mortgage applications […]
GBP/USD Price Analysis: Pound Surges on Positive PMIGBP/USD Price Analysis: Pound Surges on Positive PMI
Britain’s composite PMI increased to 54.0 in April from 52.8 in March. The BoE’s chief economist, Huw Pill, said that rate cuts remain some way […]
Nasdaq Composite Technical AnalysisNasdaq Composite Technical Analysis
Yesterday, the Nasdaq Composite extended the rally following the weaker than expected US PMIs. The commentary was a mixed bag though as there was good […]
US futures trim gains in European morning tradeUS futures trim gains in European morning trade
It was up around 0.4% in early morning trade in Europe, before the gradual retreat in the last few hours. Tech shares are still the […]
UK April CBI trends total orders -23 vs -16 expectedUK April CBI trends total orders -23 vs -16 expected
Prior -18 The UK manufacturing order book balance falls in April to its lowest since January. But at least the good news is that the […]
Copper Technical AnalysisCopper Technical Analysis
Copper has been supported amid a global growth impulse in Q1 due to rate cuts expectations, more PBoC easing and stronger economic data. Yesterday, we […]
For Japan, silence is golden – at least for nowFor Japan, silence is golden – at least for now
We’re approaching early evening in Tokyo and there hasn’t been any meaningful verbal pushback by Japanese officials today. Typically, you’d see them come out in […]
Japan senior lawmaker says yen slide towards 160 could prod actionJapan senior lawmaker says yen slide towards 160 could prod action
The comment is from Takao Ochi of the ruling Liberal Democratic Party, a senior member of the Lower House Financial Affairs Committee. Adding that the […]
Switzerland April UBS investor sentiment 17.6 vs 11.5 priorSwitzerland April UBS investor sentiment 17.6 vs 11.5 prior
Prior 11.5 Swiss investor sentiment picks up further in April with analysts also anticipating more SNB rate cuts than they had in January. The current […]