The latest bullish call comes from UBS Global Wealth Management, who revised their year-end target for the S&P 500 to 7,900. The brokerage firm previously
FUNDAMENTAL OVERVIEW USD: The US dollar came under a little bit of pressure yesterday following claims from Al-Arabiya that a US-Iran draft agreement has been
Q1 GDP +0.3% vs +0.3% q/q prelim Prior +0.3% The estimate here is very much old news as the focus turns to how the German
FUNDAMENTAL OVERVIEW USD: The US dollar came under a little bit of pressure yesterday following claims from Al-Arabiya that a US-Iran draft agreement has been
Business confidence 94 vs 94 expected Prior 94 Services confidence 93 Prior 94 Industrial confidence 102 Prior 100 The French business climate remains gloomy, with
EUROPEAN SESSION In the European session, the main highlight was the UK retail sales report. The data missed expectations across the board but it didn’t
Prior +0.7%; revised to +0.6% Retail sales 0.0% vs +1.3% y/y expected Prior +1.7%; revised to +1.4% Retail sales (ex autos, fuel) -0.4% vs -0.3%
This just reconfirms what was already aired by the IRNA. The meet up again is “to review proposals for resolving the ongoing dispute with the
There are just a few expiries to take note of on the day, as highlighted in bold below. The first ones are for EUR/USD at
There have been plenty of mixed headlines in the past 24 hours. So, let’s do our best to catch up and make sense of what
