Tag Archives: EUR
FX G10/EM Morning Trader Views
EUR – so month end doesn’t conform to expectations/or models by selling off into and rallying into the close to stand at 1.3020 as we open in ldn this morning.
FX Morning Rundown
Asian bourses were mixed overnight with the Nikkei leading losses (unofficially closes down 3.72% at 13,261.82)
“Carry” currencies – The Double Whammy
• The Emerging Market and commodity currencies (“carry” currencies) have depreciated against USD and EUR in May, in particular AUD and ZAR have been hit.
Another big first week of the month, ECB, BoE and RBA meet…
The old adage “sell in May” turned out to be a bad guide to market performance this year. Last week, the S&P 500 closed the month under pressure,
ECB preview: long words, short action
• After a pretty hectic ECB meeting a month ago, we expect a somewhat more calm sentiment around this week’s event, but rates may still fall.
CFTC: JPY short at 2007 high – dollar long rise for a fourth week
Hedge Funds continued to accumulate dollars during the week ending May 28 according to the latest data from the Commodity Futures Trading Commission.
The Week Ahead in FX
In the week ahead investors will be focusing the outcome of policy meetings by the European Central Bank, Bank of England and Reserve Bank of Australia.
Weekly Economic & Financial Commentary
U.S. Review Softer Consumer Spending to Start Q2 • The second look at Q1 GDP growth showed little change from the first release.
Mid-Day FX Market Analysis
USD: The Dollar has put together a moderate recovery rally this morning, but still has some work to do after a sizable downside breakout took prices well below their mid-to-late May trading range.
Euro Zone: Inflation up in May
Inflation partially rebounded in May, rising to 1.4% after declining by 0.5pp in April to 1.2%. Despite some volatility, inflation is clearly on a downward trend.
The Global Macro Pulse
Overnight Price Action Asian stocks put on a mixed showing, with the Nikkei index up 1.6% on strong industrial production data but the SHCOMP and HSI slipping 0.1%.
Eurozone CPI expected to bounce, US personal income and spending…
First up in the morning, attention will turn to the Eurozone CPI print. The headline reading is expected to rebound from its April dip.