Coronavirus pandemic in China is far from over. While the number of new daily cases moderated recently, restrictions remain in place creating a drag on the economy. Mass testing is being carried out in more and more cities to identify Covid hotspots. Economic damage from such an approach will stretch beyond China due to the […]
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29
Apr
Apr
Muted Reaction to Positive German Data
A flurry of Q1 GDP reports from European countries was released this morning. However, the most closely watched one, as always, was the German release at 9:00 am BST. The German report was expected to show a 0.1% QoQ expansion in Q1 2022, following a 0.3% QoQ contraction in Q4 2021. Report turned out to […]
29
Apr
Apr
Fridays Economic Calendar
European markets set to open higher Q1 GDP data from Europe US core PCE inflation for March to be released in early afternoon Futures markets point to a higher opening of the European cash session, following the stellar Wall Street session yesterday and upbeat trading in Asia today. DAX futures trade around 150 points above […]
18
Apr
Apr
Midday Market Update
Trading in the markets has been quiet so far. EURUSD continues its small declines, which doesn’t bother gold, which is breaking through the 1990 USD per ounce. The commodities market is quite volatile today, although trading in some industrial metals is still not possible, due to the London market closure. The oil market is volatile […]
18
Apr
Apr
Oil up 1% on Open
Trading on the oil market is back after the Easter break. Today’s session on the oil market started on a positive note, with about a 1% increase. The main reason for the increases is again concerns about future oil supply. There is speculation that the European Union may impose price and export regulations on Russian […]
15
Apr
Apr
Looking Ahead
Upon returning from the long Easter weekend traders, apart from recent regular themes in the market, like monetary tightening and Russia-Ukraine war, will get some data to focus on. This includes flash PMIs from Europe as well as CPI data from Canada. Last but not least, traders will get some financial reports from well-known US […]
14
Apr
Apr
EUR/USD Update
There are two big market events scheduled for today. Investors will be offer a monetary policy announcement from the European Central Bank at 12:45 pm BST as well as a US retail sales report for March at 1:30 pm BST. Both of those events could be volatility triggers for EURUSD. When it comes to the […]
14
Apr
Apr
Today’s Economic Calendar
European markets set to open higher ECB rate decision at 1:30 pm BST US retail sales expected to have increased in March Futures markets point to a higher opening for the majority of the European blue chips indices. A point to note is that many markets in the Western countries will be shut tomorrow as […]
23
Mar
Mar
South Korean Producer Prices Rise
Producer prices in South Korea were up 8.4 percent on year in February, the Bank of Korea said on Wednesday – slowing from 8.9 percent in January. Individually, prices for agricultural, forestry and marine products fell 6.6 percent on year, while manufacturing products jumped 14.0 percent, utilities climbed 12.0 percent and services rose 2.5 percent. […]
22
Mar
Mar
UK Budget Deficit Falls In February
The UK budget deficit narrowed in February from the last year but the shortfall was the second-highest for the month of February since records began in 1993, the Office for National Statistics said on Tuesday. Public sector net borrowing excluding public sector banks was GBP 13.1 billion in February, which was GBP 2.4 billion less […]
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