Tag Archives: GBP
US Market Preview
USD: The Dollar is finding mild pressure this morning, but has been able to hold onto a large portion of yesterday’s sizable recovery from weekly lows.
Mid-Day FX Market Analysis
EUR – Closed in NY Thursday at $1.3011, the rate having been pressured off intraday highs of $1.3094 on reported macro flow,
FX Daily Strategist: Europe
BOJ kept monetary policy steady; watch BoJ CPI forecast as a potential boost to USDJPY BOJ kept monetary policy steady by unanimous vote, as widely expected. They maintain the pledge to increase the monetary base at an annual pace of JPY 60-70tn.
US Market Preview
USD: The Dollar has been under pressure throughout the overnight session, and at this point has given back all of this week’s early gains.
A slight rebound in GDP
Output rose by 0.3% q/q in Q1 2013 after falling by 0.3% the previous quarter. On year-on-year basis, GDP increased by 0.6%.
Mid-Day FX Market Analysis
EUR – Closed in NY Wednesday at $1.3014, having recovered off Ifo react lows of $1.2955 to $1.3034,
UK Q1 GDP grows 0.3%
UK GDP showed that Britain managed to escape a triple-dip recession after recording an expansion in the first three months of this year.
UK Data Looking Ahead
The UK data releases are expected at 0830GMT and include the preliminary reading of Q1 GDP, the February Index of Services and the March SMMT Auto Production Figures.
US Market Preview
USD: The Dollar was unable to sustain an early move up to 21/2-week highs and is finding moderate pressure coming into this US morning’s trading.
Mid-Day FX Market Analysis
EUR – Early Asian trade was confined to a tight range around $1.3000 before euro-yen sales pressed euro-dollar back to that NY pullback low of $1.2988 before bouncing to $1.3006.
Mid-Day FX Market Analysis
EUR – Euro closed in NY Monday at $1.3066 having recovered off session lows of $1.3015. Early trade in Asia was contained by $1.3055/70 before getting pressed lower on the back of euro-yen sales,
FX G10/EM Morning Trader Views
EUR – Washing around at the lower end of this recent range 1.30/1.3150 – European PMI’s likely to dominate this morning with many suggesting weaker numbers will lead to action from Draghi next week.