Tag Archives: GBP
The Global Macro Pulse
Asian equity markets are mixed, with the Nikkei down 0.5%, S&P futures down 0.3%, but Shanghai and the Kospi essentially flat.
PMIs and ISM in the spotlight; Carney starts at the BoE
A significant amount of key US and European economic data is released this week. The main data highlight from the US today is the all important ISM manufacturing.
The Week Ahead in FX
Friday’s US nonfarm payrolls data will be key indication of how the recovery in the US labor market is progressing,
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.
Foreign Exchange Outlook
The USD will continue to appreciate vs. core advanced and emerging-market currencies throughout the second half of the year.
Mid-Day FX Market Analysis
USD: The Dollar has posted relatively mild gains coming into this morning’s trading,
Mid-Day FX Market Analysis
USD: The Dollar is finding modest pressure this morning, and is holding onto a sizable portion of yesterday’s late rally after a choppy overnight session.
The Global Macro Pulse
AUDUSD rallied but rejected its overnight high of 0.9340 and is at 0.9320. EURUSD has crept up to 1.3030 while USDJPY traded sideways at 97.7795.
Mid-Day FX Market Analysis
USD: The Dollar has seen some moderate follow-through to yesterday’s recovery rally, with upside momentum strong enough for prices to drive up into new high ground early this morning.
US Morning Update
Major overnight headlines: • Mediobanca warns that Italy could apply for an ESM bailout in six months because of political instability, Euro Intelligence
Mid-Day FX Market Analysis
USD: The Dollar lost upside momentum and is posting moderate losses early this morning and while staying well below yesterday’s spike highs,
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.