Political uncertainty in the aftermath of Sunday’s elections in Turkey may have a profound impact on the country’s already struggling economy.
The dollar pushed lower against a basket of other major currencies on Monday, as investors continued to lock-in profits from the greenback’s recent rally following upbeat U.S. jobs data and as trading remained quiet with no major U.S. economic reports to be released throughout the session. The dollar strengthened broadly after the Labor Department reported […]
The weak USD and supply side fears have helped crude oil rally in recent days. That could all change though ahead of a significant US inventories report.
As doubts emerge about the US economy, two employment reports this week are set to have a major impact on the markets. UK elections will also be in focus.
Quotes from UniCredit Research: -EUR: The flash estimate for June CPI is clearly the main driver today and chances of a rising core index may offer EUR-USD further support even above 1.3650, if the Chicago PMI survey in the afternoon comes in on the sluggish side.
Swiss Franc Truce Threatened as Ukraine Tension Escalates – Any escalation of the Crimean crisis risks shattering a 17-month long truce between currency traders and the Swiss National Bank as demand for haven assets pushes bets on a weaker franc into retreat….
Could the ‘Ukraine Crisis’ turn out to be a much bigger one than anyone currently thinks? Well, it’s got all the hallmarks of a crisis…
The latest from Ashraf Laidi (@alaidi). Chief Global Strategist at City Index / FX Solutions, founder of http://www.AshrafLaidi.com, All ideas are my own, not to be taken as advice. London
By MoneyMorning.com.au I can be awfully cynical about Warren Buffett sometimes. There’s something about that folksy, down-home, man-of-the-people persona, and the gushiness of his fan base. It doesn’t sit well with the reality of being the man that even Goldman Sachs, the ‘vampire squid’ of legend, comes running to when it gets into trouble. But […]