Tag Archives: GBP
Mid-day FX Market Analysis
USD: The Dollar has been able to grind out a modest gain this morning, but is having trouble maintaining strong upside momentum.
Fed Chairman Bernanke re-iterates reasonably cautious message
Fed Chairman Bernanke’s semi-annual testimony included fairly explicit comments on QE tapering. The FOMC may taper QE in 2013 and halt it around mid-2014.
Mid-day FX Market Analysis
USD: The Dollar is finding mild support early in today’s trading, but has been unable to sustain any extended recovery from yesterday’s sharp downdraft.
BOE Minutes: Policy on hold ahead of the important Aug Inflation Report
The Minutes from the July BOE meeting was released earlier today.The MPC voted 9-0 for unchanged Asset Purchase Facility (at GBP 375 bn) and 9-0 for unchanged base rate at 0.5%.
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,
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.
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.