November 7, 2024 8:20 am
The GBP/USD currency pair rebounded from yesterday’s 12-week low of 1.2834 on Thursday – a level it touched after Republican Donald Trump’s victory in the US presidential election. Meanwhile, market focus now shifts towards major central banks’ policy meetings. Trump achieved victory over Democrat Vice President Kamala Harris, while Republicans also won a majority in […]
Read moreNovember 6, 2024 9:50 am
The USD/SEK currency pair surged more than 1% on Wednesday, touching a fresh six-month high of 10.9096, as market players positioned for the prospect of a Donald Trump victory following early results from the US election. Trump captured 15 states, while Harris won 7 states and Washington, D.C., according to Edison Research. Trump led Harris […]
Read moreNovember 6, 2024 8:36 am
The NZD/USD currency pair retreated more than 1% on Wednesday, hitting a fresh three-month low of 0.5911, as market players positioned for the prospect of a Donald Trump victory following early results from the US election. Trump captured 15 states, while Harris won 7 states and Washington, D.C., according to Edison Research. Trump led Harris […]
Read moreNovember 5, 2024 3:12 pm
Sweden’s services sector has returned to growth in October, data showed. The Services PMI came in at a level of 52.9 in October, up from 48.9 in September. The sub-indexes of new business volume (at 56.1 in October from 47.2 in September), new orders (at 56.4 in October from 50.2 in September) and delivery times […]
Read moreNovember 5, 2024 10:29 am
The USD/CHF currency pair extended losses on Tuesday ahead of the outcome of the US presidential election. The greenback retreated at the start of the week after an opinion poll over the weekend showed a surprise lead for Democrat Kamala Harris in Iowa, which is a traditional Republican stronghold. However, as a whole, polls continue […]
Read moreNovember 5, 2024 8:38 am
The USD/SGD currency pair extended losses on Tuesday as US presidential election day put markets on edge. According to Pepperstone’s Michael Brown, a victory for Donald Trump would likely prompt market players to focus on reflation, anticipated tax cuts and potential tariffs. “Initial market reactions may include USD gains, especially against currencies at risk of […]
Read moreNovember 3, 2024 4:11 pm
Retail sales in Switzerland were reported to have risen at the softest annual rate since May in September. Retail sales went up 2.2% year-on-year in September, while slowing from a revised down 2.7% rise in August, the data showed. The latest figure fell short of market consensus of a 2.5% growth. In September, sales dropped […]
Read moreNovember 3, 2024 11:41 am
India’s foreign exchange reserves have eased for a fourth consecutive week from the record high of $704.9 billion registered in the last week of September. Foreign exchange reserves held by the Reserve Bank of India decreased to $684.8 billion as of October 25th, the latest data showed. The result was largely attributed to an outflow […]
Read moreNovember 1, 2024 8:11 am
South Korea reported a trade surplus for the 17th straight month in October. The nation’s trade surplus widened to USD 3.17 billion in October from USD 1.56 billion in the same month a year ago, data by the Ministry of Trade, Industry & Energy showed on Friday. In comparison, a consensus of analyst estimates had […]
Read moreOctober 31, 2024 10:38 am
Annual consumer price inflation in the Euro Area has picked up to 2% in October from 1.7% in September, preliminary data by Eurostat showed. September’s rate has been the lowest since April 2021. Market consensus had pointed to a lesser acceleration – to 1.9%. Still, inflation is now in line with the European Central Bank’s […]
Read more