Tag Archives: Gold
FX Daily
Market movers today • Again today we have a very light calendar with only a few minor releases.
FX SENTIMENT REPORT
EUR NET LONG RISES; AUD HIT BY SHORT COVERING • USD net long narrows to $16bn as traders narrow their short AUD position and add to their net long EUR position.
FX Daily
Market movers today • In the euro area the trade balance for June will give insight into whether the end of the recession was driven by growth abroad.
FX Daily
Market movers today • Today we get a lot of US data. The two early releases of regional PMIs for August – Empire and Philly Fed
FX Daily
Market movers today • Today’s release of euro area GDP will probably mark the end of six quarters of recession. Our hard data model suggests a 0.1% q/q increase.
FX Daily
Market movers today • Today’s most interesting release is US retail sales for July. We expect to see an increase in the core measure of retail sales
Technician
EUR/USD: Continuation of trend to 1.3488 is still main technical scenario. Momentum is clearly pro-growth, but gradual loss of strength is most apparent for ROC indicators.
FX Daily
Market movers today • Bank of Japan Governor Kuroda speaks after the central bank meeting. It will be interesting to hear whether Kuroda opens the door for more future stimulus.
FX Daily
Market movers today • We expect German industrial production to decline 0.2% m/m in June as manufacturing PMI decreased in June and factory orders were down 0.5% m/m in May.
FX Daily
Market movers today • German factory orders are expected to increase after two months of decline.
FX Daily
Market movers today • Final euro area service PMIs will most likely confirm that the euro area is moving from recession to slow growth.