Tag Archives: EUR
Mid-Day FX Market Analysis
USD: The Dollar is showing mild weakness at the start of this new trading week, but has held onto a large portion of the sharp gains posted since Wednesday’s pre-holiday close.
FX Daily Strategist: Europe
Scope for commodity currency rebound vs EUR Commodity currencies weakened after the US jobs data, but with some notable divergences as CAD outperformed AUD and NZD.
FX Daily
Focus today will be on markets digesting Friday’s strong payrolls out of the US in light of what this means for Fed tapering its quantitative easing (QE) programme.
The Week Ahead in FX
In the week ahead, investors will be looking ahead to Wednesday’s minutes of the Federal Reserve’s June meeting,
Weekly Economic & Financial Commentary
• Modest domestic U.S. growth remains the outlook as both the ISM manufacturing and non-manufacturing surveys signaled continued growth but not an acceleration.
FX Sentiment Report
Shifts in sentiment were relatively muted this week, with minor changes in positioning among most of the majors with the exception of CAD.
Mid-Day FX Market Analysis
USD: The Dollar had a very good holiday and continues to drive further into new high ground this morning,
FX Daily
Focus will be on markets digesting the implications of both ECB and Bank of England’s new (and somewhat vague) form of forward guidance.
Soft forward guidance from the ECB
The ECB left key interest rates unchanged as widely expected. In the press statement,
Draghi says ECB will keep interest rate low for an extended period of time
Following the hold of the ECB to the interest rate at its record low of 0.50 percent today,
US Morning Update
Major overnight headlines: • UK Halifax House Price Index rises 3.7% YoY in 3 months to June, more than expected
The Global Macro Pulse
A quiet session in Asia ahead of the ECB meeting and US holiday. We observed some risk reductions in rates, but FX and equity were mostly rangebound.