Markets

Silver, Copper, Palladium and other industrial metals are off to an impressive start in Q2, 2021, driven by a big surge in Green Energy and Infrastructure spending this year. There are plenty of reasons why commodities are on the move, but the predominant driver is…

The direction of the EUR/USD on Friday is likely to be determined by trader reaction to the 50% level at 1.1976. The Euro is trading nearly flat shortly ahead of the U.S. opening on Friday as Treasury yields edged slightly higher, underpinning the U.S. Dollar.…

GBP/USD is testing the support level at 1.3745. U.S. Dollar Gains Ground Against British Pound GBP/USD is currently trying to settle below the support at 1.3745 while the U.S. dollar is mostly flat against a broad basket of currencies. The U.S. Dollar Index has recently…

Economic data from China will set the tone later this morning, with U.S stats, corporate earnings, and geopolitics in focus later today. Eurozone CPI (MoM) (Mar) Final Eurozone Trade Balance (Feb) The Majors It was a bullish day for the European majors on Thursday, with…

Economic data from China failed to impress this morning. Later today, finalized inflation figures from the Eurozone and consumer sentiment figures from the U.S will be in focus. Earlier in the Day: It was a busy start to the day on the economic calendar this…

The direction of the EUR/USD on Thursday is likely to be determined by trader reaction to a pair of 50% levels at 1.1974 to 1.1976. The Euro is edging lower against the U.S. Dollar shortly before the release of the U.S. retail sales and weekly…

Better-than-expected Initial Jobless Claims report provides additional support to the market. Retail Sales Increased By 9.8% In March The U.S. has just released Retail Sales report for March. The report indicated that Retail Sales increased by 9.8% month-over-month compared to analyst consensus which called for…

GBP/USD is showing a lengthy bearish reversal since the end of February 2021. The GBP/USD is showing a lengthy bearish reversal since the end of February 2021. More recently, price action has bounced at the previous bottom (blue box) creating a double bottom. The GBP/USD…

The impact of Covid-19 is structural for most countries’ public finances, varies for GDP growth – the euro area is trailing the US and Nordics – but is milder on labour markets compared with the global financial crisis, particularly in advanced economies. The impact of…

With stats from the Eurozone limited to finalized inflation figures, economic data from the U.S and corporate earnings will be in focus today. French HICP (MoM) (Mar) Final Italian CPI (MoM) (Mar) Final Friday, 16th April Eurozone Core CPI (YoY) (Mar) Final Eurozone CPI (YoY)…