Euro’s latest rebound emerged on stabilizing inter-bank liquidity but without any marked improvement on the sovereign front Today’s FOMC minutes (18:00 GMT) will reiterate that inflation is the last thing on the minds of the Committee. … Read more »

The pound will be in the spotlight today and this week with a number of economic announcements starting with the release of the delayed UK final Q1 GDP data, and current account figures. After Friday’s poor PPI and trade data any disappointment here could well heap further pressure on the pound and exacerbate the losses seen on Friday. The final revision of GDP is expected to come in unchanged from the previous reading around 0.3% … Read more »

Canada and Australia continue to surprise with notable improvements in their labour markets As long as US lawmakers stand against China’s joint venture plans (steel, oil and gas), the flow billions of Chinese investments are due to reach Canadian oil and gas properties in coming years S&P500 awaits Q2 earnings … Read more »

The Euro has continued its recent surge higher on the back of renewed optimism about the banking system, and the outcome of the forthcoming European stress tests, but also on the back of a significant recovery in both German imports and exports for May.  … Read more »