Good day,The USD/RUB price remains at the 70.50 level, that is, along the broken neckline of double bottom. So far, this asset looks as though it is targeting the level of 73.00 to reverse and head...
Is the EURUSD Poised to Gain More?
The dollar finally went into defense on Wednesday, the USD index broke through 96 points, the lowest since the start of June. Breaking down the index into components, it can be seen that the move was...
BOJ Lowers Growth Forecasts & Warns of Downside Risks
Policy on Hold But Forecasts CutAt the Bank of Japan’s July rate setting meeting, held overnight, the BOJ kept its monetary policy on hold at current levels via an 8-1 vote. However, with downward...
UK/China Rift Growing As UK Bans Huawei
UK & China Clash Over Hong KongTensions between the UK and China have emerged as a fresh risk factor in recent weeks. The UK has refrained from having any direct spats with China over recent years...
Recovery in Doubt As UK Growth Seen Well Below Estimates In May
UK GDP Very Weak in MayThe latest economic data released on Monday showed that UK GDP bounced back in May, following a 20.3% contraction in April. However, at just 1.8% growth on...
The IndeX Files 14-07-2020
Virus Fears & US/China Tensions Create Headwinds For RiskGlobal equities benchmarks started the week with a bid tone on Monday, with most indices seeing gains initially, before sentiment weakened...
Precious Metals Monday 13-07-2020
GoldThe gold market has started the week with fresh buying following some softening into the end of last week. Gold broke out to fresh 2020 highs last week as rising concerns over a potential second...
The Investment Bank Outlook 13-07-2020
RBC Capital MarketsWeek ahead: Three G10 central banks announce policy this week – the BoJ (Wednesday), BoC (Wednesday) and ECB (Thursday) and the European Council meeting will be another key focus...
The Friday Forex Takeaway - Episode 42
Key Points from This WeekRBA Holds Rates SteadyThe RBA opted to keep rates on hold this week at its July meeting and struck a broadly optimistic tone. The bank cited a firm rebound in domestic...
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