After a 4 day break, we are back at our desks and looking forward to another 4 day week. The markets were open in the US yesterday but there wasn’t any economic news and so any of the moves in the currency markets were based solely on speculators playing around a bit.
This week, there is a fair amount of economic data flying around and today all eyes are on the US housing data. This week also sees PMI numbers from Germany which will be of interest especially if there is further slowing of manufacturing activity. In Europe, we are also keeping an eye on deflation and waiting for Mario Draghi to implement whatever measures he sees fit.
The big news, away from the currency markets, are that 2 of the largest sports “franchises” are looking for new managers, as both Manchester United and the New York Knicks dispensed with the services of their respective coaches/managers. Despite the amount of press these decisions receive, it is unlikely that they will have any impact on the currency market.
Posted in Daily Market News on May 30 2014
As Easter and a long weekend approaches, you could be forgiven for thinking that here in Britain we are actually living in a veritable utopia. The measures of austerity that were introduced amidst much horror seem to be working, if you look at the figures anyway, and Britain is seen...VIEW FULL ARTICLE
Posted in Daily Market News on Apr 17 2014 by admin