Author Archive: Nick Bovell
One of the world’s most active FX institutions out with some thoughts on the Bank of England.
I’ve bolded the crucial parts for the skimmers.
“The 5-3 vote at the last MPC meeting in June was more hawkish than expected, but the data since has not made the growth/inflation trade-off more challenging for the BOE.
The post Preview BOE MPC announcement due Thursday – Deutsche Bank appeared first on Forex news forex trade.
The AUDUSD is down 50 pips from day’s highs ahead of the NY open, nothing substantial behind it.
The RBA statement contained both positives and negatives. Although the Bank indicated that the appreciating AUD currency will create headwinds for growth a…
The post Aussie in retreat after RBA – here’s why appeared first on Forex news forex trade.
Growth in the Eurozone continued to expand at a pace of 2.1% y/y during the second quarter.
– Prior (Q1): 1.9% y/y
– Quarter-over-quarter: 0.6% vs 0.6% exp
– Prior (Q1): 0.6% q/q
More solid numbers out of Europe, up from prior for the year-over-year. …
The post Eurozone preliminary GDP (Q2): 2.1% vs 2.1% exp appeared first on Forex news forex trade.
Deutsche Bank provide their insight on the USD selloff and what it will take to turn it around.
“What will turn the USD around:
USD weakness started with the EUR and continues to rotate and broaden as participants seek out currencies that can catch-up with the EUR. The USD is down against all major currencies except
The post Deutsche Bank on the USD appeared first on Forex news forex trade.
Headline unemployment change -9k vs -5k expected, 7k prior.
– Solid beat with 9,000 people leaving unemployment vs 5,000 expected.
– Total unemployed: 2.518m vs 2.520m exp
Steady improvement in German unemployment rate
The post German unemployment ra…
Manufacturing sector in Germany remain steady at 58.1
– Prior was 58.3
Overall mixed results from national manufacturing PMIs in Europe; Norway beats, Spain & France miss, while Italy is relatively in-line.
The post German manufacturing…
Manufacturing PMI from Italy relatively steady in July at 55.1
– Prior was 55.2.
Still healthily in expansion.
Some commentary from Markit:
– July sees sustained strong growth of output and new orders
Full commentary .
The post Italian manufactu…
House prices in the UK rise 2.9% in the 12 months ending July.
– Prior was 3.1% y/y
– m/m was 0.3% vs -0.1% exp and 1.1% prior.
The post UK nationwide house price index (July): 2.9% y/y vs 2.7% exp appeared first on Forex news forex trade.
Here’s a comparison of the recent RBA statement compared with prior.
The post Side by side comparison of RBA statement – Westpac appeared first on Forex news forex trade.
Reuters out with a story citing the Washington Post
– Trump Jr. released emails earlier in July that showed he agreed to meet a woman he was told was a Russian government lawyer who might have damaging information about Hillary…
The post Trump dictated misleading statement on son’s meeting with Russia – Washington Post appeared first on Forex news forex trade.