Italy: past, present...
- At the end of 2011 Italy was caught in a bad equilibrium characterised by high levels of debt, high levels of interest rates and low growth. Since then the country has undertaken measures to strengthen its public finances and to solve the bottlenecks which constrain its prospects. Yet, there is no time for complacency.
European dynamics: Croatia - the case of Croatia and Serbia
- Croatia is more integrated with the EU than Serbia, and is further along its convergence process. As a result, it has been more affected by the crisis, which it has been struggling to overcome since 2008. However, numerous problems are similar in both countries, such as the constraints arising from the large proportion of euro-denominated loans, the need for structural reform and the crucial issue of improving Croatia and Serbia’s attractiveness for foreign investors.
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EUR/USD manages to hold in positive territory above 1.0750 despite retreating from the fresh multi-week high it set above 1.0800 earlier in the day. The US Dollar struggles to find demand following the weaker-than-expected NFP data.
GBP/USD declines below 1.2550 following NFP-inspired upsurge
GBP/USD struggles to preserve its bullish momentum and trades below 1.2550 in the American session. Earlier in the day, the disappointing April jobs report from the US triggered a USD selloff and allowed the pair to reach multi-week highs above 1.2600.
Gold struggles to hold above $2,300 despite falling US yields
Gold stays on the back foot below $2,300 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.6% after weak US data but the improving risk mood doesn't allow XAU/USD to gain traction.
Bitcoin Weekly Forecast: Should you buy BTC here? Premium
Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.
Week ahead – BoE and RBA decisions headline a calm week
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.