Tag Archives: Gold
FX Daily
Focus today. The election of the new Italian president will attract attention again as lawmakers failed to reach an agreement in the first and second round of voting yesterday.
FX Daily
– Italy’s centrist parties seem to have reached last-minute deal on presidential candidate – Weidmann comments add to odds for an ECB rate cut
FX Daily
– IMF lowers its growth forecasts for most major economies. – Focus on Chinese local authority debt intensifies.
Daily FX Update
– USD is weak, retracing some of yesterday’s strength. – Gold’s 15% two session collapse suggest unease with the economic outlook, vulnerable markets & limited ability for the Fed to taper QE.
FX Daily
Key news – Financial markets’ response to possible terrorist attack in Boston has been calm
Daily FX Update
– USD is strong as gold collapses, China’s growth disappoints and the US Treasury suggests it is monitoring Japan closely.
FX Daily
Key news – Chinese GDP and industrial production disappoint. – Equity markets and bond yields lower on soft data.
FX Daily
– Fed minutes, released early by mistake, had a hawkish tone. – Obama budget presented, aiming to kick-start deficit-reduction talks.
FX Daily
– Chinese trade data point to improving domestic demand, while a sovereign downgrade from rating agency Fitch highlights increasing debt worries.
Technical Alert
Whereas the euro remain in a stalemate the sterling continues to rebound most other ccy’s, JPY also generally a tad stronger (a lurking reaction?).
Technical Alert
Euro finding support and recovers some of the earlier losses, we see a clear risk of more of the same for the coming days. GBP rather balanced but still deeply oversold so a small bullish bias, long SEK and especially NOK to be unwinded.