Tag Archives: ECB
FX Daily Strategist: Europe
– NFP likely to come in below 100k for the second straight month With the ECB behind us, the US employment report will dominate markets on Friday. Price action in Asia has continued to remain risk-on with the Asian currency index (ADXY) breaking key levels and now opening the way for the YTD high (118).
FX Daily Strategist: US
– Geopolitical tensions not yet systemically hurting markets; We stay USD bearish Markets are holding in well in holiday-thinned trading with Japan bourses outperforming following the rally up in USDJPY to a two week high.
FX Daily Strategist: Europe
– Geopolitical tensions not yet systemically hurting markets; We stay USD bearish Markets are holding in well in holiday-thinned trading with Japan bourses outperforming following the rally up in USDJPY to a two week high.
ECB rate cut in the pipeline?
RISK ON IS BACK. Better than expected US data yesterday boosted stocks (S&P 500 +0.4%) offsetting Chinese growth concerns. Asian stock markets are extending the rally in lack of any market moving data and news releases overnight (Nikkei +1.1%).
FX Daily Strategist: Europe
– EUR, AUD & NZD rebound but peripheral eurozone risks continue to steer the markets Broad USD strength has reversed during the Asian time zone despite ongoing concerns over Spain. The EURUSD has bounced to 1.29 while the rise in Australian jobs vacancies (+ 4.2% in August) has pushed the AUDUSD back above 1.04.
FX Daily Strategist: Europe
– Political risks result in a modest risk-off tone at the beginning of the week USD strength continues to dominate as the market traded with a modest risk-off tone. The key catalysts behind the risk-off move include China-Japan tensions, uncertainty on whether Spain will seek external assistance, and a softer German IFO.
Asia today: It’s risk on in Asia after ECB’s bond plan unveiled
The final piece of the Australian data jigsaw fell in to place today with the release of July’s trade report.
Draghi confirms ECB will conditionally buy bonds
Market largely got what it expected with the Draghi press conference today – but market limbo may continue after today’s response to the ECB news as biggest event risks don’t arrive until next week.
ECB unveils plans – squeezing Eur shorts again, even against CHF
The Euro squeezed higher as ECB officials communicated the ECB’s plans to buy peripheral debt. But is this as positive for the Euro as the market is trying to tell us at first blush?
Americas FX Daily
EUR still well supported ahead of key month What happened overnight – RBA leaves policy unchanged – Moody’s cuts outlook for ratings on EU issuance – Swiss GDP weaker than expected
FX Daily Strategist: US
– Long EUR beyond any short-term disappointment from ECB Sep 6 The short end of euro area bond markets have rallied (both Spain and Italy 3Y -30bps) in response to reported comments from ECB Draghi that sovereign debt purchases of up to three years would not be state financing helped markets further.
FX Daily Strategist: US
– Focus to shifts from US to Europe post Bernanke and ahead of the ECB meeting on 6 September Fed Chairman Ben Bernanke’s highly anticipated Jackson Hole speech confirmed the dovish tone from the most recent FOMC minutes.