Forex Analysis
Solid but not spectacular – NZ Retail Sales Review, Q4 2013
Retail sales rebounded less strongly than expected in the September quarter, suggesting some donwside risk to our forecast for a 1.1% lift in GDP in the quarter.
Markets Outlook – Household Heat
This week’s data are off to a positive start in the form of this morning’s quarterly retail sales report, the Performance of Services Index (PSI) and the BNZ survey of residential REINZ agents.
BOE Carney: Need Business Investment Rise; Rate Hikes Gradual
Bank of England Governor Mark Carney says he wants to get the message across to business that rate hikes will be “limited and gradual” because higher business investment is crucial for a sustainable recovery.
ECB Coeure: Inflation Nearing Area That May Create Price Stab Risks
European Central Bank Executive Board member Benoit Coeure said that inflation in the Eurozone is close to an area that could alter expectations and create downside risks for price stability.
Australian Markets Weekly – Unemployment rises as economy stabilises
Unemployment rises to 6% as the economy shows signs of stability. NAB still expects the economy to grow by 3% this year and next, net exports being a major contributor. AUD has a mini recovery, the AUD/USD trading above 0.90.
FX: It’s weather, stupid!
The risk sentiment is secure on the hope that bad news is due to weather effects. The USD got broadly hit every day over the past week…will it strike back?
Credit Suisse: Outlooks & Forecasts For USD, EUR, JPY
“US Dollar: Bullish. As the Fed continues to taper, we expect many EM currencies to remain under pressure, as excesses of the unprecedented period of record low US interest rates begin to reveal themselves.
Weekly Economic & Financial Commentary
U.S. Review Monetary Policy: Continuity—For Now · In her testimony to the Congress, the new Fed Chair called for continuity and
Weekly CFTC Trader Positioning Data
UPSIDE RISK FOR GBP • Markets were hesitant to build on existing positions and
Forex Weekly Report
German constitutional court ruling supports deflationary backdrop Last week Germany’s Constitutional Court decided to pass the final ruling on outright monetary transactions on to
EUR Mid-day Analysis
The Euro starts out with another new high for the move and the highest level since January 27th and thebrunt of those gains are probably the result of better than expected growth news from both Germany and
CHF Mid-day Analysis
Not surprisingly the Swiss is benefiting from the ongoing pattern of weakness in the Dollar, but the Swissis also benefiting because of a hot housing market and generally positive economic expectations.