Thursday’s a busy day for economic news, including a new estimate of Eurozone GDP growth via the Euro-Coin Indicator. Later, we’ll see the flash data for consumer inflation in Europe for March and the weekly numbers for US jobless claims...
We argue that the EUR is underpricing the potential economic disruption related to Brexit and shorting EUR/USD is a cheaper way than shorting GBP/USD to hedge for such a possibility...
Dollar Heads for Biggest Quarterly Loss in Five Years on Yellen Lilian Karunungan and Chikako Mog Commodity currencies gain on signs U.S...
On Thursday, #AUD is declining against the U.S. dollar amid mixed statistics on Australia. At the time of writing, #AUDUSD is trading at 0.7653, shedding 0.23%. The negative impact on the pair had the HIA new home sales data. Find out more by checking out the Source Link...
CAD: Setting Up for Real GDP (January) – TDS Research Team at TDS, suggests that strong activity-level data will lend support to what should be a stellar month for the Canadian economy. Key Quotes “Real industry-level GDP is forecast to grow at an above-consensus 0...
USD/JPY: Further Downside Expects Below 111.97 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the pair could re-test 110.67 in case it breaks below 111.97. Key Quotes “USD/JPY’s correction higher has failed at the top of a 6 week channel at 113...
EUR/JPY Testing Lows Around 127.00 The overnight decline in EUR/JPY seems to have met buyers in the 127.00 neighbourhood, pushing the cross back to 127.10/55...
GBP/USD Hourly 50-MA is Back as Resistance in Early Europe GBP/USD drifted lower in Asia, re-establishing hourly 50-MA as resistance ahead of BOE Carney’s speech and UK GDP release. Focus on Carney Governor Carney’s comments are scheduled to hit the wires well ahead of the UK GDP release...
USD/CAD Stalls Recovery from 5-Month Lows Near 1.3010 The USD/CAD pair stalls its overnight recovery mode near 1.3011, and now consolidates around 1.30 handle amid lower oil prices and a broadly higher greenback. USD/CAD retreats from 5-month lows Currently, the USD/CAD pair gains 0.26% to 1...
US: Stronger ADP Report Confirms Robust Labour Market Conditions - ANZ Research Team at ANZ, notes that the ADP report for March showed jobs rose 200k - a touch higher than expectations (195k) and confirming that the labour market remains robust...
Fed Evans Backed Yellen’s Case for a Gradual Rate Rise - ANZ Research Team at ANZ, suggests that the post-Yellen USD sell off continued overnight following comments from Chicago Fed President Evans which backed Yellen’s case for a gradual approach to rises in the funds rate this year...
Yen Rises Against Most Majors The Japanese yen strengthened against most major currencies in the Asian session on Thursday. The yen rose to a 3-day high of 160.95 against the pound, from yesterday's closing value of 161.59. Against the euro and the Swiss franc, the yen advanced to 127.05 and 116...
Pound Falls Against Majors The British pound weakened against the other major currencies in the Asian session on Thursday. The pound fell to 3-day lows of 0.7895 against the euro, 1.3841 against the Swiss franc and 160.95 against the yen, from yesterday's closing quotes of 0.7883, 1.3871 and 161...
FXWIREPRO: Gold Remains Supported Above $1222, Intraday Bias Remains Bullish XAU/USD is currently trading around $1226 mark. It made intraday high at $1228 and low at $1223 levels. Yesterday U.S. released ADP job data with flat numbers at 200K vs 195K expected...
Eurozone: Mar CPI is Expected at -0.1% y/y - Westpac Sean Callow, Research Analyst at Westpac, suggests that the Eurozone Mar CPI is expected at -0.1% y/y though core is seen to tick up to 0.9%. Key Quotes “NY Fed president Dudley speaks on financial crises with text and audience Q&A expected...
NZD/USD Corrects Lower from 9-Month Peaks, Gives Up 0.69 The NZD/USD pair paused its 3-day massive rally to multi-month tops and now extends the retreat on 0.68 handle as the USD sees a minor pullback across the board. NZD/USD halts 3-day rally Currently, the NZD/USD pair trades -0...
Gold Ticks Higher in Asia, but Stays Below $ 1230 Gold is seen reversing a part of yesterday’s losses and defends mild gains on Thursday, amid modestly higher Asian equities and broad based USD recovery. Gold supported above $ 1220 Currently, gold trades +0.08% at 1227...
Key US Data Ahead and Previewed - Nomura Analyst at Nomura previewed the key US data ahead for today. Key Quotes: "Initial jobless claims: Labor market conditions have been fairly tight. The unemployment rate has fallen below 5...
