The European Central Bank left the interest rate unchanged at 1.50%, as expected. This pause comes after last month’s 0.25% hike, and was widely expected by the markets. EUR/USD trades …
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ADP Non-Farm Payrolls provided some good news: the private sector gained 114K jobs in July, better than 100K that was expected. This triggers some risk appetite, with the dollar gaining …
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Finally some good news from Britain: the services sector, which is the most important one, has shown significant signs of growth in July, with Services PMI jumping to 55.4 points. This …
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While US weakness is in the limelight, the situation in the old continent isn’t doing much better. Italian and Spanish bonds are falling, and EUR/USD follows with a free fall, …
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US ISM Manufacturing PMI has slowed down in July. ISM Manufacturing PMI scored 50.9 points in July, weaker than 55 points estimated. USD/JPY is falling towards the historic low and …
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British Manufacturing PMI dipped into contraction zone, by scoring only 49.1 points in July, lower than last month’s 51.3 points and lower than 51.1 that was expected. GBP/USD is retreating …
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Thought the EU Summit in Brussels solved the euro’s problems? Well, think again. While the focus is on the debt ceiling crisis in Washington, the debt crisis in the euro-zone …
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A big sigh of relief is felt in the UK. According to the initial release, the British economy grew by 0.2% in Q2, as expected. There was fear of contraction …
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French President Nicolas Sarkozy came out to the press and announced the agreement. He declared that the leaders have agreed on a “European Monetary Union†– further fiscal integration in …
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Talks in Brussels are taking a very long time. The draft leaked hours ago is had some missing details and is far from being final. An official publication and a …
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