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US GDP Falls Most Since WW2 Over Q2

GDP Sees Rceord Fall in Q2The US Q2 GDP reading, released yesterday, confirmed the worst period of economic activity since the second world war with the economy contracting by 32.9% from...

Fed Highlights Pandemic Uncertainty At July FOMC

The July FOMC meeting held last night was a fairly low impact event. In line with expectations the Fed refrained from adjusting policy levels while delivering a message of concern and uncertainty,...

Fed Announces 3mth Extension to Lending Programs Ahead of FOMC

Funding Operations ExtendedAhead of the July FOMC meeting later today, the Federal Reserve announced yesterday that it will extend the duration of a number of its lending facilities through to the end...

US Durable Goods Data Raises Questions over Recovery

Durable Goods Slows From Initial RecoveryThe latest economic data from the US has done little to offer much encouragement over the health of the recovery there. Durable goods orders for last month...

US: Consumer Spending too Fragile to not Extend Fiscal Stimulus

June turned out to be a solid month for US retailers: retail sales again beat expectations, rising by 7.5% MoM against the forecast of 5%. However, partial reinstatement of...

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...

USDCHF Falls Amidst Bearish Fed Comments

Fed's Daly Warns of "Bumpier" RecoveryComments from some members of the Fed this week have stoked expectations of further easing from the US central bank as it continues to battle the negative...

The Friday Forex Takeaway - Episode 41

Key Points from This WeekLockdown Measures Reintroduced in PlacesFears of an emerging second wave of the COVID-19 virus have seen the return of lockdown measures in some areas around the world. The...

Precious Metals Monday 06-07-2020

GoldThe gold market has seen a listless start to the week with prices remaining subdued though not far below the 2020 highs. Equities markets have started the week with strong conviction following...