Tag Archives: EUR
Fed Chairman Bernanke centre stage again
There was plenty of economic newsflow yesterday, but markets were in modest risk off mode ahead of today’s main event,
FX Daily
The main event is Bernanke’s semi-annual testimony to the Congress where focus will be on hints about when the Fed will start scaling back its bond buying.
Mid-day FX Market Analysis
USD: The Dollar is finding fresh pressure early this morning and remains well below yesterday’s early high coming into today’s trading.
German ZEW, US industrial production and multiple CPI inflation prints today
First up today will be the first of the major European sentiment surveys for July. The German ZEW report is expected to show modest improvement as the second half of 2013 gets underway.
FX Daily
Focus will be on inflation. The US figure is of particular interest ahead of Bernanke’s semi-annual testimony to the Congress tomorrow, see FT.
Mid-day FX Market Analysis
USD: The Dollar has shaken off early pressure and is posting moderate gains this morning, but still has plenty of work ahead in order to fully recover from last week’s severe chart damage.
Focus turns back to the US economy and Bernanke semiannual testimony…
Last week was all about Fed Chairman Bernanke’s speech and latest views on QE tapering. His semi-annual testimony on Wednesday will likely repeat the same general message.
FX Daily
Market movers today • Focus on US figures with both Empire manufacturing and June retail sales out.
The Week Ahead in FX
In the week ahead, investors will be looking ahead to US data on retail sales, consumer inflation and housing sector activity.
Weekly Economic & Financial Commentary
U.S. Review Inflation Backdrop Remains Fed Friendly • Inflation data this week showed that price pressures remain manageable.
European Economics
In the past six months, there have been tentative signs that the large fall in economic activity in peripheral Europe has begun to slow – and even cease.
Midday FX Market Analysis
USD: The Dollar has been able post moderate gains early in today’s session, but has made comparatively little headway with recovering from this week’s Fed-fueled downdraft.