Positive developments for the Pound, more of this as the year unfolds– MUFG
In the view of economists at MUFG Bank, we may have reached “peak pessimism” for the UK and the Pound. Therefore, the outlook in 2023 is somewhat brighter. Positive developments emerging “Much greater political stability this year than last is one factor here and we can very likely assume that PM Sunak will bring greater […]
U.S. Treasury sales of $40 billion of 3 year notes a high yield of 3.977%
High-yield 3.977% versus WI level of 4.000% at the time of the auction tail -2.3 basis points. bid to cover 2.84X versus six month average of 2.52X directs 13.2% versus a six month average of 19.3% indirect 69.5% versus six month average of 59.2% primary dealers 17.3% versus six month average of 21.5% The only […]
Dollar’s vice grip on FX markets to loosen this year
© Reuters. FILE PHOTO: A U.S. dollar banknote is seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Hari Kishan BENGALURU (Reuters) – The dollar’s vice grip on FX markets will loosen a bit this year, according to analysts in a Reuters poll who expect most currencies to post marginal gains against […]
How to Trade Visa Heading into the New Year
As we stand on the precipice of a new year, the economic outlook remains uncertain. Inflation is high, interest rates are at their loftiest levels in years and it is widely expected that many nations will slide into recession in the coming months. That being the case, picking stocks with a view to generating a […]
Trading Year Starts, US Non-Farm Payrolls Ahead
The start of the trading year brings key trading news, including US Non-Farm Payrolls (NFP) and global productivity updates. Last year, resilience in the job market went a long way towards sheltering the US economy from fierce interest rates and inflation headwinds. Going forward, will global recession fears overshadow optimism towards growth in the labour […]
How to Trade Gold in the New Year
From March to October 2022, the price of gold fell 22% lower. Since then, gold prices have recorded a 6-month high into the new year. According to the World Gold Council central banks bought more than 400 tonnes of gold in the third-quarter of 2022. Learn more about some of the factors influencing […]