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The EUR/USD currency pair (the euro expressed in terms of U.S. dollars) is one of the most traded currency pairs in the forex market; by most accounts, it is the most liquid, representing around 20% of FX market trading volumes. This would make logical sense. As shown by the graphic below ...
Macro News Global: After a brief consolidation in the beginning of the year, long-term interest rates have started to fall again amid high uncertainty associated with the trade dispute. Leading indicators are still showing weakening signs of the global activity; for instance, South Korea...
Germany's factory activity has slowed to levels last seen during the global financial crisis as the country's manufacturing PMI tumbled to 41.4 in September, from 43.5 the previous month. More news on: Invesco CurrencyShares Euro Trust ETF, iShares MSCI Germany ETF, ProShares UltraShort ...
The Japanese yen and Canadian dollar were the only major currencies to gain against the US dollar last week. They are also the only major currencies to appreciate against the dollar so far this year. US President Trump's apparent playing down of the pressure to strike a partial deal with Chi...
At the start of this week, the market's attention shifted from the trade war between the US and China to the Middle East. The drone strikes that hit Saudi Arabia's oilfields last weekend took out 5% of the world's daily supplies. It could also represent an escalation of the already tense situa...
Uncertainty is still elevated in the UK as we are approaching the October 31 deadline and the probability of a no-deal Brexit stands at 30-35% (according to a pool of sell-side institutions). We added in the appendix a great chart from Statista that summarizes the differential outcomes. It i...
By Kristina Hooper, Chief Global Market Strategist Weekly Market Compass: If governments aren't willing to enact fiscal stimulus, central banks may need to consider more hands-on ways to promote spending Last week, the European Central Bank ((ECB)) decided to take a significant ste...
Overview: News that Saudi Arabia was able to restore 40-50% of the oil capacity lost by the weekend strike, coupled with the Fed's efforts to offset the squeeze in the money markets, is allowing the global capital markets to trade quietly ahead of the conclusion of the FOMC meeting. Equities...
The European Central Bank followed the US Fed in the wake of the 2008 financial crisis. The Fed cut short-term rates in the US to zero percent and instituted a program to buy government debt securities to push rates lower further out along the yield curve. The ECB went even further, slashing s...
Macro News Global: To the exception of the oil move we saw this weekend following Saturday’s attack on the ‘world’s most important oil processing plant,’ which pushed front-month futures on Brent and WTI up by 20%, the other spectacular move was the consolidatio...