Tag Archives: GBP
FX Strategist – Japanese portfolio flow monitor
Repatriation continues, investment trusts increase allocation to EM The weekly portfolio flow data showed overall repatriation by Japanese investors.
US Morning Update
Major overnight headlines: • Japan’s Suga says government views recent falls in the Nikkei as “profit taking”, Thomson Reuters
Mid-Day FX Market Analysis
USD: The Dollar has been able to make a moderate rebound from a new low for the move overnight but still have some way to go in order to climb back into positive territory.
Mid-Day FX Market Analysis
USD: The Dollar was able to grind out a modest rebound from overnight pressure, but still has plenty of work to do in order to recover from sizable weekly and monthly losses.
MONTHLY OUTLOOK
Short-Run Slowdown, Better Growth Ahead For the current quarter, we estimate economic growth has slowed to 1.5 percent, but will then resume its 2-percent-plus pace that is characteristic of the past three years.
UK jobless claims release better then forecast
UK jobless claims showed a drop of 8.6 thousands to 1.51 million, compared to estimates of 5.0 thousands drop, while the previous reading of -7.3 thousands was revised to -11.8 thousands.
Eurozone industrial production expected to bounce, UK economy still accelerating, little else for markets to look to in the US today
The economic calendar remains relatively light again today. Main interest will be in Europe with publication of industrial production numbers for April.
FX Daily Strategist: US
Position for rise in NOKSEK ahead of Norges Bank meeting next week Tuesday’s release of Swedish was broadly in line with market expectations with May CPI rebounding to 0.7% y/y (from 0.5% y/y April).
United Kingdom: Is the BoE jumping the gun?
The second estimate of Q1 GDP confirmed the 0.3% Q/Q growth figure reported in the preliminary estimate.
Mid-Day FX Market Analysis
USD: The Dollar has taken a negative turn over the past few hours and is posting moderate losses coming into this morning’s trading session.
FX Daily Strategist: Europe
USDJPY takes a dip on BoJ inaction USDJPY dipped below 98.00 as the Bank of Japan opted to keep policy unchanged, including no extension of the tenor of the BOJ’s fixed lending program.
European economy showing more signs of improvement, another quiet day on the calendar
Main market theme to start the week was ongoing relief following Friday’s decent US labour market report. USD/JPY was the standout mover across markets.