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1 Jun 2017

UK politics has taken centre stage, what's in store for Sterling? - Nomura

Analysts at Nomura explained that UK politics has taken centre stage this week.

Key Quotes:

"Opinion polls showing continuing erosion of the Conservative lead as the Labour party gains support."

"In the event of a Labour victory, we think the pound would at first head lower, as increased uncertainty would lead to reduced inflows."

"However, as austerity would be removed and “softer Brexit” hopes would return higher real yields may offset this and GBP would be higher."

Jun 1, 2017

AUD/USD: a sell on rallies below 0.7450, target 0.7328 cloud top?

Currently, AUD/USD is trading at 0.7384, down -0.63% on the day, having posted a daily high at 0.7456 and low at 0.7373. AUD/USD is consolidating the
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Jun 1, 2017

US ISM: Production, new orders and employment remain in growth mode - Wells Fargo

The ISM manufacturing index for May came in at 54.9. According to analysts from Wells Fargo, expansion remains the signal as production...
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