Market News & Analysis

Despite the EUR/USD’s lack of response to the PMI data, some of the euro crosses such as EUR/GBP, EUR/JPY and EUR/AUD weakened. The EUR/GBP’s move lower supported the GBP/USD.

Mainland European stock indices, led by the German DAX, have been hit hard this week. From its high on Thursday, the DAX has fallen some 375 points. Since hitting a record high in June, it has dropped more than 750 points, losing 5.8 per cent in the process. In contrast, the UK’s FTSE was off only 150 points or 2% from its all-time high at the time ...

Organic service revenue growth of 2.2% year-on-year is the satisfactory outcome from Vodafone’s first quarter

While the euro surged against the dollar, its gains were relatively mild against other stronger major currencies. One such currency is the Canadian dollar, which has been on a tear ever since the Bank of Canada first turned hawkish before raising interest rates.

Uncertain succession plans and an admission of continuing vulnerability in pricing dragged EasyJet shares harder than upgraded profit guidance could lift them on Thursday

Latterly, it’s been a rare quarter indeed that Unilever has failed “against the strategic objectives set out for 2020”, and this isn’t one of them.

Draghi and the ECB may have been dovish at today’s meeting, however that hasn’t stopped the euro from rallying to key resistance levels.

There was nothing noteworthy or new about the ECB’s statement today, which means that antitipation for the Draghi press conference is building. The key takeaway from the press conference for us will be how Draghi justifies his “hawkish” talk in Sintra late last month when he mentioned the word “reflation” and euro bulls ran with it. Considering ther...

The European Central Bank press conference is today’s most anticipated event where Mario Draghi could make clear ECB’s plans regarding the future path of Eurozone monetary policy.

The pound is struggling this morning and has dipped below $1.30, even though UK retail sales for June were positive as the hot weather boosted non-food sales including household goods and clothing. Food sales continue to weaken, possibly on the back of higher food prices, but overall, the pressure was lifted from the UK’s beleaguered retailers for o...

Until today, the price of oil had been little-changed during the week. Market participants were waiting for direction from the weekly US oil inventories report, which was published earlier today.

The economic calendar is taking a breather today but will return with bang tomorrow. Market participants are looking forward to two major central meetings as the Bank of Japan and especially the European Central Bank take centre stage.