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Markets The flash EMU May PMI’s disappointed. After hovering just north of the 50 level that separates growth from contraction in the first four months of the year, it unexpectedly dropped from 50.4 to 49.5. As the HCOB chief economist indicated: US tariffs are not to blame. It is domestic oriented services dropping from 50.1 […]

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US Tax Bill, Eurozone PMI & S&P 500 Technicals

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27/09/2024

USD/CAD Eyes Canada’s GDP

The Canadian dollar is steady on Friday. In the European session, USD/CAD is trading at 1.3476 at the time of writing, up 0.08%. Canada’s GDP expected to remain unchanged Canada’s GDP for July is expected at 0.1% m/m, unchanged from June. The economy managed a respectable gain of 2.1% y/y in the second quarter but […]
05/07/2024

UK Election: Labour Wins in a Landslide

The UK national election on Thursday propelled the Labour Party to a sweeping victory and Labour leader Keir Starmer will become the next Prime Minister. In the six-week election campaign of the election, Labour had a massive lead in the polls and there was no doubt it would win a huge majority in parliament. The […]
03/12/2024

EUR/CHF: French’s Political Fiasco May Trigger a Major Bearish Breakdown

A no-confidence vote to remove French PM Barnier pushed out by the far-right National Rally party may topple the French government this week. A current political fiasco in France has triggered an increase in the credit risk premium on longer-term French sovereign bonds. A further uptick in French sovereign bonds’ credit risk premium may lead […]