Tag Archives: S&P

FX Daily

Market movers today • May PMIs are the key data releases today. • Consensus expectation is for an unchanged US ISM manufacturing at 50.7 but we see potential for a slight improvement.

Scandies and CAD seen weaker

EUR/USD: The move above the 55d ma was soon rejected as the market made a u-turn exploring the downside. A late bounce however left us with a downside spike and

The Global Macro Pulse

Overnight Price Action Asian stocks put on a mixed showing, with the Nikkei index up 1.6% on strong industrial production data but the SHCOMP and HSI slipping 0.1%.

€/$ surprising rebound. EM’s big losers ag. both $ & €

EUR/USD: The break above 1.2991/3013 was not what we had in mind calling for a turn lower yesterday.

FX Daily

Market movers today • We expect only a modest uptick in euro area inflation to 1.4% in May and unchanged 1% core inflation.

FX Daily

Market movers today • In the euro area, the EU Commission is due to release its confidence indicators, which we expect to show some improvement in May from low levels.

Broad based dollar strength – aussie the biggest loser

EUR/USD: Judging by recent price action the near-term outlook leans towards an already completed correction, but if it is a “Triangle”,

FX Daily

Market movers today • We expect that German inflation has remained subdued in May. Core inflation is running at a very low level and

FX Daily

Market movers today • In terms of macro data, focus will be on US numbers today. The S&P Case-Shiller house price index is expected to continue the upward trend.

Technical Alert

Aussie could bounce before down. EUR/NOK pursues resistance EUR/USD: No new directional hints. The pair is kept ranging in what is primarily thought to be part of a downtrend in a higher division.

FX Daily

Market movers today • ECB’s Asmussen speaks on Europe’s fundament this morning. Otherwise, the calendar is very thin.

Technical Alert

Signs of possible a more profound JPY reaction EUR/USD: The market did little on Friday to reveal whether the ongoing congestion/correction is completed or not.