Global News

The common currency rises today, helped by somewhat hawkish minutes from the European Central Bank and the US Dollar’s demise

The US Index posted its worst day since the height of the pandemic yesterday, as major retailers saw their bottom lines getting crushed, causing risk aversion and renewed fears of stagflation

Unemployment in Australia dropped to the lowest level in nearly 50 years, sending the Aussie higher and making the central bank’s recent tightening efforts easier, ahead of this week’s elections

Large US retailers were in focus this week, as they reported their earnings, which showed lower profitability and margins in an environment of high inflation

The common currency loses steam after the solid start to the week, as mr Powell reasserts his hawkishness and Eurozone inflation stabilizes

The pair consolidates this week and trades with caution today, as markets digest Chair Powell’s Tuesday commentary and poor data form Japan

XAU/USD takes advantage of the greenbacks demise and extends yesterday’s gains, after avoiding fresh 2022 lows

The British pound surges as markets shake-off last week’s risk aversion, also helped by upbeat employment data from the UK, but NI Protocol dispute looms

The pair starts the week on a good footing, despite the lower growth forecast by the EU Commission and UK the Northern Ireland Protocol changes eyed by the UK

The world’s second largest consumer of oil, reported some disappointing economic data earlier, causing the commodity and broader market sentiment to dive

The week of May 09-13 was bad for Wall Street and definitely did not lack headlines, as Elon Musk just put the Twitter deal temporarily on hold, Ford sold Rivian shares, Disney+ impressed and other news attracted attention