Tag Archives: GBP
Mid-Day FX Market Analysis
USD: The Dollar was able to shake off overnight pressure and return to unchanged levels this morning,
UK: Good news from services
In May, activity once more accelerated in services. The CIPS services activity index (to 54.9 from 52.9) reached its highest level since March 2012.
FX G10/EM Morning Trader Views
EUR – Still in this 1.3030-1.3110 range – yesterday good lev/spec selling into 90/00 met with similar buying at 1.3040-50 below from corp/rm.
Mid-Day FX Market Analysis
USD: The Dollar has been able to extend Monday’s bounce from 31/2-week lows with some moderate gains this morning,
FX G10/EM Morning Trader Views
EUR – Whippy mkt yesterday with Spec names early sellers despite stronger European PMI’s taking us down to that 1.2950 support
ISM manufacturing drops to 4-year low to start June, more signs of improvement in Europe, RBA on hold
The month of June began with investors on the back foot. Equity indices opened lower following the lead of the soft US performance into the close on Friday.
US Morning Update
Major overnight headlines: •Norway’s may manufacturing PMI at 52.0 •ECB says banks deposited eu85.6 bln with it overnight
Mid-Day FX Market Analysis
USD: The Dollar is finding moderate pressure at the start of the new trading week, although it survived an early retest of last Thursday’s downside breakout lows.
UK: Further increase in manufacturing PMI
In May, the headline manufacturing PMI improved further (to 51.3) in line notably with the rise in output (to 53.8) and in the new orders indices (to 53.7).
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)
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.