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Esta semana será importante para la libra esterlina por el lado económico. Mientras los noticieros se enfocan en quién será el próximo primer ministro y qué significa para Brexit, no podemos olvidarnos de los datos económicos. El primero de tres eventos importantes será mañana con los datos de empleo. El mercado se enfoca en el
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USD Still Weighed on By Dovish FOMC Minutes The US dollar has traded lower over the European morning on Monday. The greenback started out well, trading higher, but initial gains were quickly reversed heading towards the US session. With no key domestic data today, action is likely to be subdued as we enter the summer
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This week is going to be important for the pound on an economic front. While the headlines continue to focus on the Tory leadership contest and what that means for Brexit, we can’t forget about key economic data. The first of the three major events coming up is tomorrow’s employment data. The UK claimant change
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Aside from the release of relatively weak, although entirely predictable Chinese GDP data which appeared to have little to no impact upon markets, today is currently dominated by strength in the antipodean currencies, particularly the New Zealand Dollar. In fact, all the commodity currencies – the New Zealand, Australian, and Canadian Dollars – are showing
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China’s second-quarter GDP went down to a 27-year minimum, due to a slowing down demand caused by the trade feud with the United States. This data contrasts with the fact that June’s retail sales and factory output went up (together with investment), though some analysts warned that this growth is not sustainable and that the
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FOR THE purposes of decision-making, the IMF’s 189 member countries are divided into 24 constituencies of peculiar shapes and sizes. Ghana, for example, belongs to the same group as Afghanistan. Ecuador sits with East Timor. But in choosing the next boss after Christine Lagarde moves to the European Central Bank in October, the most decisive
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ECONOMICS IS ALL about allocating scarce resources. Usually that is done by pricing. If demand for strawberries exceeds supply, prices will rise. Customers may switch to raspberries, or farmers may plant more strawberries. But some markets are more complex. Take those for tickets to popular events—like Wimbledon. The tournament is played over a fortnight each
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“THE MOST fundamental transformation of Deutsche Bank in decades.” So Christian Sewing described his refashioning of the chronically unprofitable firm, announced on July 7th. Germany’s biggest lender is trimming its investment bank—and excising the trading of shares altogether. Mr Sewing, chief executive since April 2018, intends to cut costs by €5.8bn ($6.7bn) a year, a
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TOP 5 FOREX TRADING EVENTS NEXT WEEK – SUMMARY POINTS The Forex Economic Calendar is chalk full of high-impact event risk next week and puts USD, EUR, AUD, NZD and CNH currency pairs in the spotlight Forex traders will likely watch upcoming China GDP, Eurozone ZEW, US consumer sentiment, New Zealand CPI and Australian employment
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TRY Craters on CBRT Shock The USD keeps moving higher against the Turkish Lira since President Erdogan fired the country’s central bank governor, Murat Cetinkaya, earlier in the week. Cetinkaya had been governor of the CBRT since April 2016. However, Erdogan has long been opposed to the displaced head of the CBRT due to his
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