The German locomotive is firing on on all engines. The economy of the largest economy grew by 0.8% q/q in the third quarter of 2017, significantly better than 0.6% predicted and an excellent number on its own. Year over year, growth is at 2.8% on the WDA and 2.3% on the NSA, both exceeding expectations. [...]
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The Australian dollar had already slipped to the lowest levels since July. The general slide of commodity currencies and also with weak inflation looming on the Aussie. Yet from these lows, the Aussie is fighting back. One reason for the rise is the October Business Conditions figure. It jumped from 14 to 21 points. The [...]
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Last week, we mentioned that behind the Aussie’s range-bound behavior, one could spot lower highs. Well, the pair quietly slipped out of the range. At 0.7616, the A$ is trading at its lowest levels against the greenback since July. There hasn’t been any apparent catalyst and the move is not huge. Oil prices are off [...]
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The British pound is falling some 100 pips against the US dollar and the picture is not much brighter for Sterling against the euro or the yen. Political developments over the weekend dominate the scene, but there are other reasons for the drop as well. Here are four reasons for the fall of the pound [...]
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EUR-USD is trading around 1.1640, sticking to the well’known ranges and not going anywhere fast. However, there may be room to the downside. Here is their view, courtesy of eFXnews: Bank of America Merrill Lynch FX Strategy Research discusses the USD outlook, outlining some key reasons on why the greenback is not trading at stronger levels. [...]
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