Latest Market News
Firms using company or insolvency law to manage their liabilities have been warned they could face assertive action by the FCA if their proposals unfairly benefit them at the expense of their customers. The FCA has seen an increase in the number of firms developing proposals, such as Scheme of Arrangements, to deal with significant […]
AUDUSD continues falling; the statistics were disappointing. The Australian Dollar is falling against the USD on Tuesday. The current quote for the instrument is 0.7148. The Australian CPI showed 1.3% q/q in the fourth quarter after being 0.8% q/q the quarter before and against the expected reading of 0.1% q/q. On YoY, the indicator skyrocketed […]
EURUSD is sliding down; investors are waiting for the Fed meeting and its decisions. The major currency pair remains under pressure on Tuesday. The current quote for the instrument is 1.1288. The statistics published by the Euro Area yesterday were rather mixed. The Services PMI dropped to 51.2 points in January after being 53.1 points […]
Gold prices fell on Tuesday, awaiting signs of a rate hike during the US Federal Reserve policy meeting, which begins today. Concerns about an acceleration of policy tightening by the US Federal Reserve have opposed the safe haven request, which has been fueled by escalating tensions over Ukraine. Gold prices rose about $10 at the […]
The increased geopolitical premium and rotation out risk assets on expectations of higher Fed rate have made a significant contribution to the weakening of currencies tied to business cycle fluctuations or those that correlate with equity returns. High uncertainty around the situation in Ukraine may discourage investors to buy those currencies in near-term, at the […]
UK Data Soft Patch ContinuesGBP traders have been hit by a further round of poor data this week. The latest PMI data sets for January, released yesterday, showed that both the manufacturing and services sector were weaker than expected over the month. The manufacturing PMI was seen falling back to 56.9, from the prior month’s […]