ECB publishes economic bulletin of its January monetary policy meeting – Economic indicators signal a moderation in global growth momentum – Downside risks have been increasing ForexLive
Further comments by Carney – Also shouldn’t prepare for a scenario of a rate cut – No-deal Brexit is not the most likely scenario, but probability has gone up ForexLive
Government shutdown data continues to trickle out The good news is that a second US government shutdown doesn’t appear likely. Top Republicans and Democrats are negotiating to avoid a shutdown on February 15 and there’s talk of a deal on the weekend or Monday.
Lots to worry about in Italy The brief thaw in worries about Italy is coming to an end as growth fears combine with fresh political turmoil. Italian 10-year yields are up 7 bps today and above 10% for the first time since December 12. That comes after December industrial production plunged 5.5% year-over-year compared to…
Stocks under pressure Markets are repricing the risks around a China-US trade deal before March 1 and the possibility of an escalation instead. The S&P 500 is down 8 points to 2698. The low yesterday was 2687 before a late bounce.
USD/CAD touches the 38.2% Fibonacci level The January jobs report left a big dent in the February USD/CAD trade. The pair gave back 38.2% of the rally in one quick move after yet-another .
Tweet from the EU’s Barnier: It’s going to have to be one heckuva declaration to be able to get it through parliament. There has been no sign whatsoever that the divorce deal could be reopened. May’s only hope is to get Corbyn onside.
Stocks at the best levels of the day The S&P 500 is down 7 points to 2699 after falling as low as 2681. The improvement is lending a lift to USD/JPY as it tracks up to 109.80 from a low of 109.65 just after the London fix. It’s not a big move but that’s par…
The US dollar was the top performer this week The US dollar rebounded this week. Unfortunately it wasn’t due to surging US fundamentals or an upbeat outlook. Instead it was a result of risk aversion and dollar inflows especially on stumbling emerging markets.
Reuters report The report also says the White House is in limited communications with members of Venezuela’s military urging them to abandon Maduro. The sanctions that matter would be on the oil industry but the report doesn’t hint that’s coming.