Economics professor at the International University of Geneva joins Merlin and John for a look at some of the problems plaguing Europe and the UK. Dr. Hollenbeck talks about the deflation paranoia, and why it’s not such a bad thing! He also offers listeners access to his extensive series of articles on macroeconomics.
Editors’ Picks
EUR/USD extends slide below 1.1700
The EUR/USD pair nears its weekly low at around 1.1660 in the American session on Tuesday, retreating from the 1.1750 price zone tested earlier in the day. Cautiously optimistic markets support the US Dollar in the near term.
GBP/USD retreats from three-month-high, pierces 1.3500
GBP/USD extends its intraday slide and trades in the red just below 1.3500 after setting a new three-month-high near 1.3570. Ahead of this week's key employment data releases from the US, markets recover the good mood.
USD/JPY advances above 156.50 as risk-on sentiment undermines Japanese Yen
The USD/JPY pair gains ground to near 156.65 during the early Asian session on Wednesday. The Japanese Yen softens against the US Dollar as the impact of the shock US capture of Venezuelan President Nicolas Maduro over the weekend was short-lived, undermining the safe-haven currency. Traders brace for the US ISM Services Purchasing Managers Index report on Wednesday ahead of the US jobs data.
Editors’ Picks
EUR/USD extends slide below 1.1700
The EUR/USD pair nears its weekly low at around 1.1660 in the American session on Tuesday, retreating from the 1.1750 price zone tested earlier in the day. Cautiously optimistic markets support the US Dollar in the near term.
GBP/USD retreats from three-month-high, pierces 1.3500
GBP/USD extends its intraday slide and trades in the red just below 1.3500 after setting a new three-month-high near 1.3570. Ahead of this week's key employment data releases from the US, markets recover the good mood.
Gold extends upside to near $4,500 on Venezuela turmoil
Gold price climbs to near $4,500 during the early Asian trading hours on Wednesday. The precious metal rises by more than 1% in the day as geopolitical tensions and expectations of US rate cuts keep demand for gold high. The US ISM Services Purchasing Managers Index report will be published on Wednesday.
Australia CPI likely to test RBA hawkishness
The Australian Bureau of Statistics will publish the Consumer Price Index data for November at 00:30 GMT on Wednesday. This is the second complete monthly CPI report, as the government continues to transition from the quarterly CPI to the monthly gauge as the primary measure of headline inflation.
Implications of US intervention in Venezuela
Events in Venezuela are top of mind for market participants, and while developments are associated with an elevated degree of uncertainty, we are not making any changes to our markets or economic forecasts as a result of the deposition of Nicolás Maduro.
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