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During Dilma Rousseff’s six-year occupation of the presidency, she ran Brazil’s economy into the ground. Luckily for the country, Vice President and successor, moderate Michel Temer, has...
AUD/JPY Today’s support: - 78.69 and 78.47(main), where correction is possible. Break would give 78.31, where correction also may be. Then follows 78.16. Break of the latter would result in...
Dollar stays firm in Asian session as supported by comments by Fed officials. Philadelphia Fed president Patrick Harker joined the chorus of hawkish Fedspeaks. He said that "I can easily see the...
The talk on the trading floors this morning centres on the limited moves in markets, although some will welcome this, notably the Fed who have had a hand in creating these conditions. The fact the...
CurrenciesEUR/USD – remains trading around the support around the 1.12 level, although it dropped shortly below this level and came close to the support around the 1.117 level. The main reason...
Focus today will turn to the Eurogroup meeting where Greece is in focus as the economic data calendar is relatively thin. Sunday evening the Greek parliament approved the 'first review bill' including...
European equity markets are expected to open a little lower on Tuesday, tracking similar losses in Asia overnight but remaining firmly within this month’s relatively tight trading...
While Markit’s economic sentiment surveys had usually been perhaps a touch more optimistic about the state of the world than others or other data, May has been a rough month for that...
So thoroughly destroyed is Japan’s economy that some of the numbers it produces are beyond comprehension, just staggering in any meaningful context. For example, Japan’s real GDP (SAAR)...
Most political and financial demands are nothing but bluffs or lies.For example, on May 14, I noted Greece “Demands” Debt Relief, Owes Troika €11+ Billion by July. That...
Economists expect the German financial sector sentiment to tick higher in May US new home sales should show a rise in April – the first increase this year Weak US manufacturing data for May...
If you have been waiting for “the next Lehman Brothers moment” which will cause the global financial system to descend into a state of mass panic, you might want to keep a close eye on...
Tagged as the largest national economy of Europe, Germany surprisingly showed a strong start of the second quarter after the release of the Purchasing Manager’s Index. The data came earlier...
During the previous week, the Fed revealed that an interest rate hike in the month of June is on the table. Markets responded to this statement with a sell-off in the stock markets and Treasuries, as...
Over the weekend, Sam Fleming with the Financial Times interviewed Boston Fed President Eric Rosengren about why the Fed is likely to tighten monetary policy sooner rather than later. The reason they...