Moving on from G20 The weekend meeting of G20 finance ministers and central bank governors created a lot of noise, but little in the way of consensus regarding the way ahead or on policy action. That was to be expected really...
29 February 2016, Time of Writing: 09:00 am Trader Daily Market Update Major Calendar News Time (GMT) Name Country Vol. Prev. Cons. Sentiment 07:00 German Retail Sales m/m EUR Med. -0.2% 0.3% Positive 09:30 Net Lending to Individuals m/m GBP Med. 4.4B 5...
The British pound could see a reverse in fortunes over coming days in the wake of relentless selling pressure, however we and many others in the market expect any strength to be short-lived in nature and an ultimate target in the mid-1.20's to be reached...
The British pound in tandem with the U.S. dollar continues to deny all sorts of conclusions about "overbought" and "oversold" areas. It is recommended to hold sales with a target of 1.35. Find out more by checking out the Source Link...
#EURUSD continues to decline - today the euro is under pressure due to expectations regarding the CPI data in the euro zone. As expected, growth would be equal to 0.0%, and this is not what buyers want to see before the #ECB meeting. Find out more by checking out the Source Link...
Euro May Fall Further as Soft CPI Hints More ECB Easing Ahead Talking Points: NZ Dollar falls as data drives rate cut bets, Yen gains as S&P 500 futures fall Euro downturn may continue as soft inflation data beckons more ECB easing Global stimulus expansion hopes may offer support to risk sen...
EUR: EURUSD – A cheaper alternative to hedge EU referendum risks. We recommend owning EURUSD downside options as a cheaper way to hedge against the EU Referendum risk. We continue to argue that the referendum is at least as big a risk to EU and EMU stability as it is to the UK economy...
The key event in the US is the February jobs report, though we draw emphasis on ISM PMIs as well. Job growth likely maintained a healthy clip; we expect a rebound to 190K, keeping the 3-month average change near 200K...
In the week to February 23, Yen longs increased, USD longs were cut back, Euro shorts were cut back and the GBP short actually shrank a little. The yen position highlights bearish risk sentiment...
EUR/USD: Turn to Bearish: Outlook turned bearish for a modest target of 1.0810. The neutral phase that has been in place for about 2 weeks ended last Friday. As highlighted in recent updates, a daily closing below the key 1.0990 would indicate the start of a sustained down-move in EUR...
Research Team at Deutsche Bank, suggests that the US economic output was revised up last quarter mainly because of higher-than-previously-reported stockpiling. Key Quotes “Net exports were also revised up modestly. The effect was to push the second snapshot of Q4 2015 real GDP growth up to 1...
Jack Di Lizia, Strategist at Deutsche Bank, suggests that an increased focus on Brexit risk has dominated front-end and currency moves, but further out the curve the underperformance of UK cash is likely also a result of duration indigestion now that February’s supply has come to an end...
Research Team at TDS, expects that Canadian current account deficit to narrow to $15.6B from $16.2B. Key Quotes “The deficit has been trending lower since peaking in Q1 as the cheap Canadian dollar begins to flow through to the manufacturing sector and merchandise exports...
Research Team at Danske Bank, suggests that the Euro area flash HICP inflation will be in focus today and they expect it to decline back to deflation territory due mainly to the lower oil price...
Gold prices are on the rise again, trading 0.70% higher on the day around $1230/Oz levels on account of the risk aversion in the Asian equities. Eyes European stock market action The metal remains at the mercy of the equity market sentiment in Europe...
EUR/USD has faded the stab to session highs near 1.0960 following the European open, although it manages to keep the trade above the 1.0900 ahead of EMU’s inflation figures...
Last Friday saw a strong correction in the recent Emerging Markets rally that fueled some risk aversion afterwards. As far as I can see the main concern in KRW and TRY has been aggressive rate cuts being priced in as rates did not react in a credit negative way...
Our general trade call for the week is to sell Cable and Kiwi on pullbacks (Kiwi may rally on oil gains however). The USD rallied during Friday’s NY session as Preliminary GDP and Personal Consumption Expenditures both smashed expectations. The headline for GDP beat estimates at 1...
What economic and political #events will be key this week? The week will bring so-called #SuperTuesday – primaries in many U.S. states. On Friday, the market will look forward to see #Non-Farm Payrolls and unemployment in the United States. Find out more by checking out the Source Link...
