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US economic data will return to the forefront next week, with the nonfarm payrolls report being the main focal point. The Bank of Canada will be the only major central bank holding a policy meeting, while Canadian GDP figures will keep the loonie under the limelight. The other highlights will
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President Donald Trump cancelled his planned meeting with North Korean leader Kim Jong Un, scheduled for June 12 in Singapore. Trump’s decision was communicated Thursday in a letter, released by the White House. North Korea said it was surprised by president Trump’s decision to cancel the meeting and that they are
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UK Foreign Secretary Boris Johnson, increased pressure on UK’s Prime Minister Theresa May about Brexit, by stating in an interview that she must “get on with it”. Also, pressure rose, as Jacob Rees head of a group of hardline Brexit Tory lawmakers, implied that his faith in Theresa May is
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GBP/USD drops to lowest in 5 months; outlook still bearish. GBP/USD had a deep fall during Monday’s trading period as it dropped below the narrow range of 1.3450 to 1.3600, which had been holding over the previous two weeks. The price plunged to a new five-month low of 1.3389, however, price action is at the moment
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This will be a decisive week for the British pound, as a raft of crucial economic data releases and remarks by BoE policymakers could make or break expectations around a potential rate increase at the August policy meeting. While economic forecasts are quite upbeat, other gauges of the UK economy
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Euro looks to flash PMI for a bounce; Pound eyes UK CPI and retail sales data. As the US dollar continues to power ahead, the beleaguered euro and pound will be seeking for some reprieve from key economic indicators out of the Eurozone and the United Kingdom next week. With the US
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Media suggests that the 5SM and the League are on the verge of forming a government in Italy. The main positions of the parties seem to concentrate on tax cuts and social welfare spending, while there seems to be a dispute about who the actual PM candidate will be. The
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GBP/USD maintains weak in near term; the broader trend is bearish. GBP/USD has been underperforming in the past eight days as it has failed to post a significant day of gains or losses. The pair is consolidating slightly above the 38.2% Fibonacci retracement level of 1.3510 of the up-leg from March 12 to
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Media suggest that dozens of Palestinian protesters were killed yesterday after the Israeli army opened fire. The protests were sparked by the official opening of the new US embassy in Jerusalem yesterday. Politically the importance of the incidence is that it has thrown the Middle East into turmoil and that
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The UK will release its employment figures for March on Tuesday, at 0830 GMT. Forecasts point to further progress in the labor market, which would likely be encouraging news for Bank of England (BoE) policymakers, who appeared quite cautious recently. A strong set of data could revive speculation for a
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