Tag Archives: ECB
Daily FX Wrap and Strategy
After feeling the full weight of speculative selling yesterday, the NZD/USD has since recovered all of its losses.
ECB comment – Draghi ready to consider all available instruments
The ECB kept its key rates unchanged at today’s meeting and gave no new signals regarding future policy actions.
FX Daily Strategist: US
ECB reference to exchange rate could help deflate EUR We expect the tone of today’s ECB press conference to remain dovish despite the improvement in the eurozone economic data.
FX Daily Strategist: Europe
UK Services PMI to pressure Sterling this morning Yesterday’s downward surprise in the UK manufacturing PMI hurt Sterling.
ECB Preview
Nothing but a dovish attitude * Will the ECB cut rates on Wednesday? In a Reuters poll 75 of 75 analysts say no (including us), so let us not waste much time on this.
FX Comment: Show Time
US government shutdown? No way, if it threatens the release of payrolls. Debt ceiling? Matters no more than the context.
FX Daily Strategist: Europe
Pullback in NZD is a likely buying opportunity NZD’s poor overnight performance will likely represent an attractive buying opportunity.
FX Comment: tapernomix
A journey of a thousand miles begins with a single step. Lao-tzu THE week has arrived – to taper or not to taper seems no longer a question.
FX Daily Strategist: US
ECB unlikely to encourage further yield gains Our economists expect today’s ECB press conference to tread a cautious path in discussing recent improvement in economic data,
US Morning Update
Major Overnight Headlines • Australia records A$765mln trade deficit in July on faster import growth, but trade surplus with China narrows
The Global Macro Pulse
Asian stocks were flat to slightly higher ahead of a busy economic calendar. Sensex rallied more than 2% on the open,
FX Daily Strategist: Europe
Riksbank shift may help the SEK We expect the Riksbank to remove its easing bias and change the projected repo rate profile to reflect an earlier tightening.