Tag Archives: EUR
Developments in China and European Central Bankers a focus
Another day devoid of data awaits participants in the northern hemisphere sessions. As indicated yesterday, this week is particularly light on in terms of data flow.
Mid-Day FX Market Analysis
USD: The Dollar has been unable to sustain strong upside momentum during the past few hours,
June IFO survey up
In June the IFO business climate index increased for the second consecutive month, up from 105.7 in May to 105.9.
G10 and EM Regime Machine
• Trendiness continues to fall in FX markets, with little sign of last week’s FOMC-inspired dollar move reflected in aggregate momentum.
FX G10/EM Morning Trader Views
EUR – After last weeks sell off post fed we walk in on the lows with key support here at 1.3080 in short term
CFTC: Dollar long halved just before FOMC triggered new buying
Hedge funds almost halved their bullish bets on a rising dollar as of Tuesday June 18 indicating that many bet on the wrong horse just the day before the
FX Comment: TIPSy
All the good things come to an end. Fed’s Bernanke left us with the impression that “this time is different”.
The Week Ahead in FX
In the week ahead, markets will be closely watching US data on durable goods orders, jobless claims and consumer confidence for signs that the economic recovery is on track.
Weekly Economic & Financial Commentary
• The FOMC kept its current pace of asset purchases the same but signaled that it may begin tapering the pace of asset purchases later this year.
FX Sentiment Report
Leading into the Fed decision, traders were nervous and exposures shifted aggressively from EM and carry trades into the most liquid European currencies of EUR, GBP and
Monthly FX Outlook
• The US$ strengthened on the Fed’s perceived hawkish statement, and should gain further ground to eclipse year-to-date peaks on Fed tapering in Q4.
Mid-Day FX Market Analysis
USD: The Dollar is finding mild pressure early, but has given back little of the sizable gains posted during the past two days.