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UK’s Leadership Contest Officially Begins Right now, there are whopping 10 lead candidates gunning for Theresa May’s title at Downing Street. Nominations for the position took place on Monday, requiring support from 313 Tory MPs to proceed. The biggest party battle to choose the next Conservative Prime Minister took center stage last Friday when the UK PM
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Durante la noche tenemos uno de los eventos económicos globales más importantes de la semana: la inflación de mayo desde China. Con frecuencia esto no sólo afecta al yuan, desde luego, pero también al AUD, NZD y JPY. Con los reguladores manteniendo el precio del yuan dentro de un rango, estos datos incluso pueden tener
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Coming up overnight, we have one of the more important global economic events for the week: the May Chinese inflation data. This often affects not only the yuan but also the AUD, NZD, and JPY. With Chinese regulators keeping the onshore price of the currency in check, this data can actually have a larger effect outside of the
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OF LATE THE world’s older democracies have begun to look more vulnerable than venerable. America seems destined for a constitutional showdown between the executive and the legislature. Brexit has mired Britain in a constitutional morass of its own. Such troubles could be mistaken for a comeuppance. In recent years political economists have argued that rising
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EURUSD Price, Chart and Analysis: EURUSD battles with technical resistance as short positions are reduced. ECB President Mario Draghi speaks on Wednesday. Q2 2019 EUR Forecast and USD Top Trading Opportunities Keep up to date with all key economic data and event releases via the DailyFX Economic Calendar EURUSD continues to trade either side of
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The Pound Sterling took a sharp downturn after the Office of National Statistics released data which disappointed many FX traders. Manufacturing and industrial production for April failed to meet analysts’ expectations, with month-over-month figures falling to -3.9% and -2.7%, respectively; analysts had predicted a decline in the data to 0.2% and 0.1% from the previous
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Trade Wars Take Center Table The meeting of global finance ministers at this weekend’s G20 summit was marked by a tone of concern regarding escalating trade disputes. Rising tensions between the US and China are headlining these disputes. Given the recent downturn in global data, leaders are concerned that the world economy is once again headed
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Sterling (GBP) Price, Chart and Analysis GBPUSD falls sharply, erases Friday’s gains. UK data paints a worrying picture. Q2 2019 GBP and USD Forecasts andTop Trading Opportunities Sterling Gives Back Gains on Brexit, Growth Woes The latest set of UK growth figures missed market expectations by a wide margin, while industrial and manufacturing production figures
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The European Union is planning to launch an alternative to the World Trade Organization (WTO) as the latter is being threatened by president Donald Trump’s blockade. The initiative is backed by some WTO members, according to reports by Bloomberg and Yahoo! News. The EU is planning to release a document describing its plan to create
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Tenemos agendado una serie de puntos importantes desde Nueva Zelanda que podrían afectar la divisa. Uno de ellos será un poco después de la medianoche, hora europea. La principal incógnita en cuanto a qué pasará con la divisa es cómo ve el RBNZ el pronóstico para el un futuro recorte, entonces estaremos bien interesados en
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There are a few important data points coming out from New Zealand that could move the currency. One of them comes out after midnight European time. The big question in terms of the next major move for the currency is what is the RBNZ’s outlook for the next rate cut. Analysts are especially interested in
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Gold Price/Silver Price, Analysis and Charts. Gold’s fade lower may attract bulls once more. Silver’s bullish momentum reverses. DailyFX Q2 USD and Gold Forecasts and Top 2019 Trading Opportunities. Gold – A Bout of Profit-Taking? Gold opens the session around 0.50% lower at $1,328/oz, around $20 lower than Friday’s post-NFP spike high. Friday’s $1,348/oz. print
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Australian Dollar, Official Cash Rate, Talking Points: Australian interest rates were cut to a new record low last week Futures markets think they are going lower yet They may, but deep cuts will pose big problems without offering obvious solutions Find out what retail foreign exchange traders make of the Australian Dollar’s prospects right now
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IN 2016 THE government of Mozambique confessed to secret debts of $1.4bn, or 11% of GDP, mostly as loan guarantees for state-backed companies. Growth faltered, the currency slumped and foreign donors stopped contributing to the budget. The results have been “devastating”, says Denise Namburete, a civil-society activist, describing health centres that have gone two years
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