Tuesday is quiet day in terms of data – with no high impact events for neither European Union, UK nor the US. With that considered, we have seen a slight USD strength in the morning.
Energy futures play a critical role in the commodities market, offering investors a way to hedge against potential price fluctuations and speculate on future prices. By understanding the symbols associated with various energy futures, such as Crude Oil and Natural Gas, traders can navigate this complex landscape more effectively.
Readings from the ECB bank lending survey sending mixed signals. Demand continues to fall for businesses in the Euro zone while household lending saw its first increase since 2022. A combination of improving housing markets, consumer confidence and increasing spending on durable goods is the was the main factors for a stronger demand.
Summer is usually the time of the year when a vast majority of people plan their vacations. And who can blame them since it's much better to spend hot, sunny days at the beach than deal with the city heat?
Revolut is a competitive money exchange and transfer service that is expanding into online banking as it started to offer virtual cards to its customers. Depending on the amount being exchanged or transferred, the fees charged may be attractive or not.
With a high public debt and deficit in France, how can right-wing and left-wing populists fulfill their promises without destabilizing the Euro?
GBP’s momentum against the USD and EUR has slowdown since inflation levels for the UK were released last week. We can now see that inflation is still growing in the service sector rather than on goods, meaning that inflation is forced more ‘domestically’, in other words on households. Policy makers mention that this type of inflation elevation is easier to control.
The major story last week was the Bank of England making it very clear that they are preparing for a rate cut in August, this caused Sterling rates to sell off a little on Thursday, the losses were then pared on Friday following positive retail sales out of the UK- which has levelled rates off again.
