Colombia stocks lower at close of trade; COLCAP down 0.06%

Investing.com – Colombia stocks were lower after the close on Wednesday, as losses in the Industrials, Public Services and Services sectors led shares lower. At the close in Colombia, the COLCAP lost 0.06%. The best performers of the session on the COLCAP were Bancolombia Pf (CN:BIC_p1), which rose ...

Panelbase poll: Conservatives 44%, Labour 36%

A Panelbase poll has Conservatives at 44% and Labour at 36%. How could the UK general election affect the Forex Market? Conservative victory with Absolute Majority (Scenario 1) A Conservative victory with an absolute majority should be supportive initially for the pound. Stock markets would b ...

EUR/JPY recovers ahead of ECB meeting

EUR/JPY bounced sharply on Wednesday, the day before the European Central Bank meeting. The pair bottomed during the European session at 122.62 (2-week low) and then rebounded. From the lows, it climbed a hundred pips. Recently it reached a fresh daily high at 123.70, boosted by a rally in th ...

Gold intermarket: DXY and risk rallies, pressures gold to $1,282.30 lows

Gold has given back over 100% of the rally from the start of the week's rally with a  low of $1,282.34. Former FBI Director James Comey’s prepared remarks were released today shows nothing new and risk is back on. USD/JPY rallied as did stocks. The DXY is now up +0.12% and yield ...

USD/JPY remains vulnerable to elevated uncertainty – Scotiabank

While we have seen a turnaround in risk today, analysts at Scotiabank explained earlier that JPY remains vulnerable to strength in an environment of elevated uncertainty ahead of Thursday’s major risk events. Key Quotes: "Measures of implied JPY volatility are gently climbing, and ris ...

Comres poll: Conservatives on 44 pct and Labour on 34 pct

 Comres poll show Conservatives on 44 pct and Labour on 34 pct ahead of Thursday election. How could the UK general election affect the Forex Market? Conservative victory with Absolute Majority (Scenario 1) A Conservative victory with an absolute majority should b ...

United States Consumer Credit Change came in at $8.2B below forecasts ($15.5B) in April

EUR/USD: further EUR depreciation is possible – Nomura

Analysts at Nomura explained that further EUR depreciation is possible. Key Quotes: "Further EUR depreciation is possible, we believe, if the ECB avoids changing its forward guidance tomorrow, but we still judge that we are likely to have a good dip buying opportunity tomorrow, a ...

GBP: A Theresa May win would be positive – Danske Bank

According to analysts from Danske Bank, the pound could make a relief rally in case of a victory of the Conservative Party.  Key Quotes:  “ Despite the polls having narrowed, PM Theresa May is still expected by most to win the UK election and get a bigger majority than at presen ...

EUR/GBP: tentative around the 0.87 handle ahead of key events

Currently, EUR/GBP is trading at 0.8692, down -0.50% on the day, having posted a daily high at 0.8743 and low at 0.8677. EUR/GBP took a hit with EUR/USD dragging the pair down with headlines that the ECB is seeing lower than previously forecast inflation projections for 2017, ‘18 an ...

US outlook: Growth remains on course  – Wells Fargo

According to analysts from Wells Fargo, US economic activity is firming up, despite the disappointing employment data. Key Quotes:  “May’s disappointing employment report, which saw just 138,000 jobs added to nonfarm payrolls, coming on the heels of sluggish Q1 GDP growth, raise ...

ECB: a balanced assessment of growth outlook to come? – Nomura

Analysts at Nomura explained that even though lower inflation forecast, if correct, would suggest a higher risk of no changes in the forward guidance for now, they expect the ECB would still progress towards normalization of monetary policy. Key Quotes: "Although the downgrade to around 1.5 ...

USD/JPY hist fresh highs as USD recovers after Comey’s statement

USD/JPY bounces from 6-week lows and reached a fresh daily high at 109.87 after the release of the statement of James Comey, former FBI director. The greenback gained momentum with the release, particularly against the Japanese yen that weakened as equity prices in Wall Street turned to the upside ...