The Australian economy probably slowed down in the first quarter of 2017. We will get the data tomorrow, but the Reserve Bank of Australia already encounters the figures in its rate decision. The RBA decided to leave the interest rate unchanged at 1.50% as widely expected. In the statement, the team led by Phillip Lowe [...]
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No real surprises in the US services sector report: the PMI slips to 56.9 against 57 expected, basically as expected. Factory orders drop 0.2%, exactly as predicted and with an upwards revision for the previous month, from 0.5% to 1%. Currencies are stable in the aftermath. The US ISM Non-Manufacturing PMI was expected to tick [...]
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We start with the US labor market which is slowing down and may not be enough for a rate hike. We then cross the Atlantic to the UK’s June 8th elections, where the Labour Party made a surprising comeback. We finish off with a preview for a busy week that also includes the ECB. You [...]
The post US labor market and UK’s Labour comeback – MM #147 appeared first on Forex Crunch.
A slightly worse than expected print on Britain’s Services PMI: a score of 53.8 points, reflecting weaker growth. GBP/USD dipped to 1.2860, a quick loss of 20 pips, before bouncing and recovering some of its losses. Markit’s purchasing managers’ index for the services sector was expected to slip from 55.8 to 55 points in May. The [...]
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We’ve all heard a lot about cryptocurrencies in the news and throughout social media. With its basis as a currency created in cyber reality, it sounds like the stuff that conspiracy theorists thrive off. Yet, while the myths abound on cryptocurrencies, we’re here to bust them all one by one. Conspiracy theorists, eat your heart [...]
The post Part 1 -On the Bitcoin Block: 7 Myths about trading Cryptocurrencies appeared first on Forex Crunch.
