Tag Archives: EUR
FX G10/EM Morning Trader Views
EUR – Eur , helped by eur x selling, caught up yesterday with the broader usd move posting a low at 1.3161
US Morning Update
Major overnight headlines: • Euro Stoxx 50 Index falls 2.0% during London morning as US 10-year yield creeps towards 2.40%
Mid-Day FX Market Analysis
USD: The Dollar has extended yesterday’s huge post-FOMC reversal with a sizable upside follow-through this morning,
Euro area PMI: Weak growth driven by domestic demand
Today’s flash PMIs signal that the euro area is slowly returning to growth. Euro area manufacturing PMI increased to 49.5 from 48.3 and service to 48.6 from 47.2.
The Global Macro Pulse
Overnight Price Action All Asian equity markets have fallen following the 1.4% fall in the S&P 500 overnight and a weaker than expected HSBC China flash PMI.
US Morning Update
Major overnight headlines: • Japan’s Abe affirms G8 leaders “appreciate” Abenomics, no concerns over Japan’s policy at G-8, Thomson Reuters
Mid-Day FX Market Analysis
USD: The Dollar was able to bounce back from a new 4-month low and post a modest gain this morning,
FX G10/EM Morning Trader Views
EUR – Definitely didn’t move as expected yesterday as eur defied general bullish USD in g10 and eur x’s rallied hard to topside led by eurjpy/eurgbp.
Lower euro area inflation as tax hikes drop out
• Inflation in the euro area has been on a downward trajectory since September 2012. If inflation moves even lower and the risk of deflation increases,
The Global Macro Pulse
Overnight Price Action The 0.8% rise in the S&P overnight has helped the Nikkei to rally 1.3%,
Global FX Strategy – A new paradigm?
EURUSD has of late also been supported by higher peripheral bond yields, which attracts investors to EUR assets,
US Morning Update
Major overnight headlines: • ECB’s Draghi says ECB ready to act, ECB has “numerous” policy measures at hand, Thomson Reuters