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Another Big Unemployment Claims Week

USDJPY,H1 US initial jobless claims fell -677k to 3,169k in the week ended May 2 following the -596k decline to 3,846k (was 3,839k) in the...

BOE – Sterling Stalls Again

GBPUSD, H1 BoE left the bank rate unchanged, and the asset purchase target was also left untouched at GBP 645 bln. After the bank slashed...

US Claims & GDP – 2 Sides of the COVID-19 Coin

The 3,001k initial claims surge to an unprecedented 3,283k in the third week of March dwarfed the 71k rise to 282k (was 281k) in...

FX Update – September 26

GBPUSD, H1  The Dollar has given some of the gains seen yesterday, tracking the US 10-year Treasury yield, which has deflated by a few basis...

More Pressure on the Pound

GBPUSD, H1 The UK's June construction PMI was much weaker than expected in dropping sharply to a 43.1 headline reading, down significantly from 48.6 in...

Pound breaks last week’s band

Eurozone manufacturing PMI unexpectedly revised down to 47.6 in the final June number, from 47.8 in the preliminary reading. This means the manufacturing reading...

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