© Reuters. Morgan Stanley has identified a potential risk to the sterling’s 5%-20% premium due to the persistent current account deficit in the UK, according to their analysis of the country’s trade data. The bank’s scrutiny comes ahead of the anticipated publication of the Pink Book. According to Morgan Stanley, the sterling could serve as
Number of traders net-short has increased by 41.02% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI France 40 BULLISH 49.15% 50.85% -6.18% Daily -23.57% Weekly 16.72% Daily 41.02% Weekly 4.22% Daily -0.37% Weekly of clients are net long. of clients are net short. Change in Longs
© Reuters Investing.com – The U.S. dollar slipped lower in early European trade Thursday, hovering near a two-week low ahead of the release of key U.S. inflation data. At 03:15 ET (07:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 105.377, just above the
Share: Mexican Peso stalls the USD/MXN rally towards 18.00, as the pair clings to losses of 0.02%. The University of Michigan consumer sentiment indicates growing pessimism amongst Americans as inflation expectations rise. Dovish comments from Fed officials, including Philadelphia Fed President Patrick Harker, suggest a rate hike pause. Mexican Peso (MXN) calmly stands off
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FED MINUTES The U.S. dollar, as measured by the DXY index, was modestly higher on Wednesday, attempting to end a 5-day losing streak. Against this backdrop, both EUR/USD and AUD/USD traded with a negative bias, unable to sustain their recent upturn in a sign perhaps of market exhaustion. In other developments, the publication of the