News

GBPUSD

2018 07 23

GBPUSD (1.3133) • President Trump seems to have taken a leaf out of the Miley Cyrus book of diplomacy and came into the UK like a wrecking ball. A wide-ranging interview with The Sun tabloid newspaper,

EURUSD

2018 07 23

EURUSD (1.1625) • German wholesale prices rose 3.4% in the Jun year (from +2.9% in May) while Spanish CPI rose 2.3% in the year,

USDINR

2018 07 23

The rupee settled at 68.52 to a dollar, its highest since Jun. 29, from 68.57 at previous close. It opened at 68.37 and then rose to 68.33,

Gold

2018 07 23

Gold declined overnight on friday, touching a 7-month low shortly before opening the day at 1238.00/1239.00. After the open,

Weekly Outlook: July 16 - 20

2018 07 23

Investors will be looking ahead to Federal Reserve Chairman Jerome Powell’s testimony on the economy and monetary policy to a Senate committee on Tuesday.

GBPUSD

2018 07 23

GBPUSD (1.3237) • UK data showed modest house price gains (+0.3 M/M for the Halifax measure) and a surprising pick up in Q1 Unit Labour Costs to 3.1% Y/Y. But for the GBP,

EURUSD

2018 07 23

EURUSD (1.1706) • German industrial production rose 2.6% M/M in May, way ahead of the +0.3% rise expected. The positive run of Eurozone data in the past few weeks should bolster expectations that the economy is poised to rebound after a lull in Q1,

USDINR

2018 07 23

The rupee settled at 68.87 to a dollar, against its previous close of 68.95, that was a record closing-low. It opened at 68.88 and briefly slipped to 69.03 levels, lowest since Jun. 28,

Gold

2018 07 23

Gold moved modestly lower overnight on Friday, opening the day at 1255.00/1256.00. After the open, the metal rose to a high of 1258.75/1259.75 as the dollar index dropped to a 3-week low and U.S. 10-year Treasury yields fell to a 5-week low. Shortly there

Weekly Outlook: July 9 - 13

2018 07 23

This week’s U.S. inflation data will be closely watched, while a Bank of Canada policy meeting and a first look at UK economic growth will also be in focus.