WTI prices marked some substantial gains yesterday as there were explosions on two tankers near the straits of Hormuz, according to media. The US was quick to accuse Iran of attacking the two...
The pound made some gains against a number of its counterparts yesterday, as hopes grew for a possible blocking of a no deal scenario. However the UK Parliament rejected blocking the blocking by a...
The greenback weakened yesterday somewhat as market expectations about a possible rate cut by the Fed seem to increase. Market focus is expected to focus on the Fed’s coming policy meeting, next...
JPY weakened against the USD somewhat as safe haven outflows affected the currency, due to the US calling off the tariffs on Mexico. However, the US president tweeted yesterday that there was...
USD/MXN returned to prior levels as the US President made a U-turn and the two sides stroke a deal avoiding tariffs. We suspect that the political pressure within the US President’s party, may...
Theresa May resignation has come to past and the UK political scene is on the balance. Trade wars with US tariffs are looming, await resolution or at least some steps towards that direction. On...
The ECB released its interest rate decision yesterday and decided to remain on hold at 0.0% as was widely expected. In the accompanying statement, the bank acted proactively once again, yet...
The greenback retraced some of its earlier fall, despite the weaker than expected ADP employment figure yesterday. Analysts tend to also attribute the correction to an initial overreaction during...
USD continued to weaken against a number of its counterparts yesterday, as worries about a possible rate cut by the Fed continued to dominate the currency’s direction. Fed’s Chair Powell yesterday...
USD weakened against a number of its counterparts as arguments for a possible rate cut by the Fed increased. Yesterday, St. Louis Fed President James Bullard stated that an interest rate cut by...