Pound Drops, 10-Year Gilt Yield Falls to Record
The pound fell to the lowest level in almost two weeks against the dollar and gilt yields slid to a record after data showed U.K. construction weakened amid mounting concern U.S. spending cuts may stifle global growth.
US Dollar Preview: ADP And Factory Orders Next Up For Greenb
Now with the debt ceiling debate out of the way, currency traders will likely focus their attention on US economic fundamentals. For today’s schedule, this means eyeing US factory orders, ISM non-manufacturing index and the ADP employment change
3 Reasons the US Economy Is Still In Trouble, Post Debt Deal
The US economy is facing strong headwinds currently as data this week showed manufacturing faltering in July and consumers retrenching in June. While those factors impact current growth and give us a sense the 3rd quarter is starting off weak, in
US PMI manufacturing index declined to 50.9%
According to the recent U.S. Manufacturing ISM report regarding the U.S. Manufacturing PMI– an index that estimate the economic activity in the U.S. manufacturing sector –grew for the 24th consecutive month.
Copper Falls on Better Outlook for Supply, Worse for Demand
Copper futures contract price fell today, influenced by several factors.
USDJPY Approaches Record High
It’s been almost 5 months since the USDJPY exchange rate traded below 77.00 – and it seems that we are now back to those levels.And, it’s no surprise.
The last time this happened, currency markets were in a tizzy regarding Japan’s economic
Sterling Exposed to Selling Amid BoE Stance
Sterling consolidated against the U.S. Dollar and the Euro as investors absorb the current market environment ahead of this Thursday’s central banks’ interest rate decisions and U.S. employment data. U.K. PMI data, which recorded a slightly bett
ISM Manufacturing Index Better Than Expected, USD Gains
The ISM Manufacturing index came in stronger than expected in June, a positive sign that the sector may be regaining its momentum after strong headwinds caused the sector to stumble in May. The news helped the USD against its European rivals and
Unexpectedly Improved Chicago PMI Gives U.S. Equities a Lift
Money shifted away from the safe haven assets such as the U.S. Treasury notes to U.S. equities on the back of better-than-expected Mid-west manufacturing data. That surprise lead investors to assume that the so-called “soft patch” seen during Ma
Equity Markets Continue Modest Rises Higher; Christine Lagar
UK equity markets are looking to see a higher open, with FTSE futures suggesting a rise of 30 points. today. Asian markets were higher for the most part, which is indicative of the market’s perception
U.S.-China: Stop Hating, Start Cooperating!
The U.S. versus China - one of the world's greatest rivalries. It's up there with the likes of PC versus Mac, Barcelona versus Real Madrid, and Rosie O'Donnell versus Donald Trump. But the truth of the matter is that these two need each other mor
U.S. Durable Goods Orders Reverse On Aircraft
The U.S. Commerce Department announced today that durable goods orders in the world’s largest economy rose by a healthy 1.9%. Core figures, or ex-transportation, rose by 0.6% in May.


