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Special update: US Government officially shut down

The Senate failed to pass a bill to approve a funding extension through February 16th. USD fragility to be exacerbated by Government shutdown, EUR/USD heading for fresh highs. At midnight Friday, and after the Senate failed to pass the bill earlier approved by the House, the

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US government shuts down, Senate talks fail

The US Senate was unable to reach an agreement this Friday to extend the government funding. Much of the federal government officially shut down early Saturday morning, after a consideration of a stopgap spending measure to keep the government operating was blocked.  Senators are expected

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UK week ahead: jobs report and GDP – Danske Bank

Next week in the UK the main economic reports include jobs data and GDP growth. Analysts from Danske Bank, expect the annual growth in average weekly earnings ex bonuses (three-month average) to decline to 2.2% y/y from 2.3% y/y while they see annual growth GDP slowing

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AUD/USD end weeks higher, hovering around 0.8000

AUD outperforms during the week on the back of positive Australian economic data.  AUD/USD posts highest weekly close since September 2017.   The AUD/USD pair was about to end Friday flat, hovering around 0.8000, consolidating strong weekly gains. It continues to move with an upside bias

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Eurozone: PMI, ECB and IFO- Danske Bank

Analysts from Danske Bank explained that next week the main events in the Euro area will be the European Central Bank meeting, PMI figures and the IFO expectations report.  Key Quotes:  “In the euro area, the preliminary PMI figures are due for release on Wednesday.