Fundamental view: The Euro has initially tried to break above the 1.20 level, but then rolled over to show signs of weakness. The week has been very volatile, but when you look at the longer-term trend, it does make sense that we need to consolidate in this area. Europe German Prelim monthly report on 31st August, Europe PPI [...]
In an interview, on the sidelines of the Mines and Money Online Connect Global mining conference, the celebrated fund manager said that while he is no fan of the Federal Reserve, he sees that they are in an untenable position as they try to support the U.S. economy as it continues to feel the significant [...]
Consumer prices in the 19-nation euro area are falling for the first time in four years, the consumer prices are projected to fall to -0.2% in August, down from 0.4% in July, and turning to negative for the first time in four years, the bloc’s statistic office announced Tuesday. A flash estimate of Euro stat [...]
The upbeat macroeconomic data releases from the US seem to be providing a boost to the greenback. August's ISM manufacturing index has risen more than expected to stand at 56.0 well above the 50 break-even level which determines expansion/contraction in the sector. The consensus was looking for 54.8 versus July’s reading of 54.2. In its [...]
