Tag Archives: GBP
Mid-Day FX Market Analysis
USD: The Dollar remains well supported and continues to drive further into new high ground going into this morning’s trading.
Economic news‑flow from Europe is not uniformly downbeat
Economic news-flow from Europe is not uniformly downbeat. Eurozone industrial production rose by 1.0% MoM in March, following a downwardly revised 0.3% MoM gain in February.
Central banks in focus – speculative flows driving markets
– Risk appetite has surged after the latest (positive) NFP number and USD has strengthened on the contrary to its more common negative correlation with risk appetite.
Mid-Day FX Market Analysis
USD: The Dollar has been able to shake off negative pressure this morning, and has put together a sizable rebound from last night’s lows.
German ZEW and Euro-zone industrial production today
Focus turns to the Eurozone economy over the next couple of days. Main interest today will be the German ZEW survey for May,
Mid-Day FX Market Analysis
USD: The Dollar is finding minimal support at the start of the new trading week, and still has some way to go in order to move back up and beyond last Friday’s spike highs.
CFTC: Dollar bought ahead of the spike due to AUD weakness
Hedge Funds were already busy buying dollars ahead of the Thursday spike during the week ending May 7 according to the
Weekly Commentary
Last week was a dramatic one on both sides of the Tasman, featuring a surprise cut by the Reserve Bank of Australia,
The Week Ahead in FX
In the coming week, investors will be awaiting preliminary data from the euro zone and Japan on first quarter economic growth, as well as the ZEW report on German economic sentiment.
FX SENTIMENT REPORT
CAD SHORT COVERING ACCELERATES • This week, traders favoured adding to USD long positions, driving the net position to $18bn.
Weekly Economic & Financial Commentary
Few Surprises in a Slow Data Week • There were few surprises in this week’s light schedule of economic releases. The monthly JOLTs employment figures showed hiring picking up modestly,
The Week Ahead
It was a positive week for global equities. The US share market hit new record highs, while the ASX continued to grind higher.