europefx Key Takeaways 💼 South African assets rose after President Cyril Ramaphosa formed a new cabinet 🏛️ Inclusion of DA leader in key portfolios seen as positive 🤝 Unity government formed to address economic issues 📈 Markets reacted positively, but long-term impact remains uncertain 📊 Focus on new government’s legislative agenda to gauge impact on policies … Read more
Key Takeaways: 💶 The euro rose after French far-right party wins first-round parliamentary elections 📉 The yen hovers near a 38-year low after Japan’s economy shrinks more than expected 📊 Market pricing indicates a 63% chance of a Fed interest rate cut in September 🇯🇵 Yen falls over 12% this year, prompting concerns about potential … Read more
Key Takeaways: 💼 South African rand strengthened on announcement of new cabinet 🔄 President Ramaphosa formed a unity government with coalition partners 🤝 Inclusion of pro-business Democratic Alliance members in key portfolios viewed positively 📉 Domestic economic indicators show factory activity contraction in June 📈 Johannesburg Stock Exchange indices and government bonds perform well 💼 … Read more
Key Takeaways 💵 The U.S. dollar dipped ahead of the week’s key employment report, while the euro gained ground. 🏛️ Political uncertainty in France after the parliamentary elections impacted the Euro. 📉 Data suggested manufacturing activity in the eurozone decreased, causing concern despite lower factory prices. 🇬🇧 GBP/USD rose despite British manufacturing activity growth slowing … Read more
Key Takeaways 💶 Euro rose after far-right party’s win in France’s parliamentary election, but by smaller margin than expected 📉 Yen struggled to gain ground against weaker dollar, near 37-year low 🇺🇲 US inflation cooling in May leads to expectations of Fed rate cut in September 💷 Sterling rose against dollar while Aussie dipped 🇳🇿 … Read more
Key Takeaways: 💶 The euro rose after France’s first-round vote showed the far-right in pole position, but by a smaller margin than expected. 📉 Market pricing indicates a 63% chance of a Fed rate cut in September due to U.S. inflation cooling in May. 💵 The dollar index was 0.11% lower at 105.61 and the … Read more
Key Takeaways: 📉 Asian currencies trading in tight ranges on weak Chinese business data and growing bets on interest rate cut 📊 Mixed signals from China’s economy with government PMI showing a decline while private PMI shows growth 💵 Dollar retreats as traders increase bets on Federal Reserve rate cut in September 🇯🇵 Japanese yen … Read more
Key Takeaways 💶 The euro rose after the first round of France’s snap election, with the far-right party winning but by a smaller margin than expected. 📉 Yen struggled against a weak dollar due to Japan’s revised first-quarter growth figures showing a larger shrinkage. 🇺🇸 Dollar slightly fell against a basket of currencies amid U.S. … Read more
Key Takeaways: 🗳 Uncertainty prevails as final election outcome is still unclear 💰 Markets rattled by far-right and leftwing alliance’s pledges for big spending 📉 Premium bondholders demand for France’s debt over Germany’s surged last week 🌍 EU fiscal rules concerning France’s deficit prompt alarm among investors 🔄 Market volatility expected to continue as deal-making … Read more
Key Takeaways: 💶 Euro gained after first round of France’s shock snap election 🗳️ Uncertainty remains as final outcome depends on party alliances for second round 📊 Poll shows RN potentially winning an absolute majority 📈 Premium bondholders demand for France’s debt surged last week 📉 CAC 40 stock index lost almost 7% 🇫🇷 Far-right … Read more