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Economics

United States Initial Jobless Claims dropped to 226K last week
Initial Jobless Claims decreased to 226K vs. the previous week. Continuing Jobless Claims went up to 1.810M. According to a…
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Forex

Canadian Dollar dips as Fed hawkish outlook, weaker Oil pressure CAD
USD/CAD rises 0.21% on Thursday and trades around 1.4130 at the time of writing. The US Dollar remains supported after…
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Banks

BoE: Steady policy path with active hold – Deutsche Bank
Deutsche Bank’s Chief UK Economist Sanjay Raja notes that the Bank of England kept Bank Rate at 3.75%, matching their…
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Banks

Euro area: ECB hikes see limited regional follow-through – BNY
BNY’s Bob Savage observes that recent ECB hikes have found few followers among other European central banks, with the BoE, SNB, Norges…
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Banks

Euro: Recovery seen but forecasts stay below consensus – Rabobank
Rabobank’s FX Strategy report argues the Euro played a significant role in last year’s strong EUR/USD rally, supported by Germany’s debt brake…
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Banks

United States Dollar Index: Recoupling with rates – Societe Generale
Societe Generale’s Kit Juckes notes that the Dollar Index is closely tracking EUR/USD and highlights how President Trump’s policies weakened the Dollar…
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Markets

Swiss franc weakens after SNB keeps rates unchanged
The Swiss National Bank (SNB) decided to keep its main interest rate unchanged during its June meeting. The interest rate…
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Markets

Trade of the day: GBP/AUD
Facts: The price bounced off key resistance at 1.9070 The price sits below the 100-period moving average from D1 interval…
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Markets

Breakthrough in the Middle East or Washington’s Image Capitulation?
The signed memorandum between Donald Trump and Masoud Pezeshkian officially, and at least for the moment, ends the war, opens…
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Markets

BMW shares fall to the lowest level since November 2020. Germany automakers face new problems?
Shares of iconic German automaker BMW fell today to their lowest level since autumn 2020 after the company released surprisingly…
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