Tag Archives: GBP
Rates on hold and flatter rate path from Norges Bank
The message from Norges Bank has been just as volatile as the import-weighted NOK index over the past year with hawkish and dovish comments swiftly changing.
The 18-19 June FOMC meeting remains a key focus in financial markets
USD positioning ahead of the 18-19 June FOMC meeting remains a key focus in financial markets.
Mid-Day FX Market Analysis
USD: The Dollar has been fairly subdued to start out this new trading week, but was able to grind out a modest gain coming into this morning’s session.
CFTC: AUD short reaching record; EUR short almost removed
Hedge funds cut their long dollar exposure through IMM currency futures by almost one-third during the week ending June 11.
FX Daily Strategist: Europe
Bernanke may pave the way for USD recovery vs. low yield G10 All eyes will be on the Wednesday FOMC meeting and press conference this week, as markets look for more guidance on the Fed’s plans to taper asset purchases.
FOMC meeting is the highlight for the week. UK and European dataflow is limited today…
This week starts on a quiet note, with little in the way of data due over today’s European and US sessions (see table).
The Week Ahead in FX
In the coming week, markets will be focusing on Wednesday’s Federal Reserve policy meeting,
Weekly Economic & Financial Commentary
Growth on Track Despite Mixed Data • The May retail sales report came in better than expected, with sales rising 0.6 percent. Core retail sales were somewhat softer at 0.3 percent,
FX SENTIMENT REPORT
The net short EUR position collapsed from $8.4bn last week to $1.3bn this week, a level not seen since February and one that suggests a bullish turn in EUR sentiment.
Mid-Day FX Market Analysis
USD: The Dollar was able to put together a moderate rebound this morning, but remains well inside of yesterday’s trading range.
The Global Macro Pulse
Overnight Price Action Overnight Wall Street rallies helped lift Asian markets. Asian equities opened higher and the USD weakened as the market adjusted positions ahead of Fed Chairman Bernanke’s testimony and
The Week Ahead
• Australia’s May jobs data showed more resilience than expected with a 1.1k rise, after April’s 45k jobs surge with the unemployment rate easing to 5.5%.