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Four central bank meetings in G10 this week
Week ahead: There are four central bank meetings in G10 this week: chronologically the BoJ, BoC, Norges Bank and ECB. The World Economic Forum in Davos starts tomorrow and runs to Friday. On the data front, there is nothing first‐tier in the US, but Dec CPI and Nov retail sales are due in Canada. In[…]
The European shares climbed
FOREX Friday’s trading session began with optimism taking over the market sentiment. The positivity came mainly from China, where industrial production and retail sales both exceeded the forecast, appearing to signal the turn of a corner for the growth of the Chinese economy. This good news, together with American retail sales above forecasts, compounded the[…]
The DAX-30 Index is flying a bullish
FOREX Despite the signing of a ‘Phase One’ trade deal between the US and China, which was supposed to reassure the markets and drive risk-on sentiment, trading has been somehow subdued without significant movement in the major currency pairs. This probably means that the impact of this event had already been baked into the forex[…]