Fundamental view: The British pound has gotten hit rather hard during the week, after trying to be somewhat optimistic. Meeting between Boris and Ursula has produced nothing. No deal at dinner but perhaps over the weekend? A nerve-wracking week concludes with growing fears Brexit talks could collapse. Apart from the all-important deliberations, rate decisions on both sides of the [...]
Fundamental view: Australian dollar has rallied significantly during the week. The United States is currently debating a stimulus package, which is normally bad for the US dollar and of course good for commodities which the Aussie dollar represents and this favored the Aussie in the last week. In the past week, US Revised Nonfarm Productivity [...]
The Australian Dollar surged to the upside on Thursday, hitting a 2-1/2 year peak, on strong iron ore prices. The Aussie was also helped by a weaker U.S. Dollar, which fell in reaction to the release of weaker-than-expected jobless claims data, which increased the urgency for U.S. lawmakers to push through new fiscal stimulus before [...]
The Pound became weaker today after the ‘boring’ meeting between Boris Johnson and Ursula von der Leyen in Brussels. The meeting ended without a deal as the two pressed their teams to reach an agreement. This shifts the next solid deadline to Sunday. On the economic calendar, the key events today will be UK GDP [...]
