FX Daily Outlook
Posted on August 10, 2015 at 9:51 am GMT[..]
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Week Ahead – Eurozone Q2 GDP and UK jobs in focus
Posted on August 7, 2015 at 12:58 pm GMTThe euro is likely to come back into the spotlight next week after a lull in recent weeks. The Eurozone will see its first estimate of second quarter growth and UK unemployment data will also be closely watched, in addition to US retail sales and various industrial production data. The week will get off to a quiet start with only inflation data from China likely to interest the markets. CPI data out on Sunday is expected to show Chinese inflation [..]
European Session – Euro back above 1.09 as dollar seesaws on Fed comments and mixed data
Posted on August 5, 2015 at 2:05 pm GMTAfter having a strong start to the day on the back of hawkish comments from Atlanta Fed President Dennis Lockhart, the dollar went into sharp reverse on contradicting remarks from another Fed official. On Tuesday, Lockhart had raised expectations of a September rate rise by saying that “the economy is ready and it is an appropriate time to make a change” with regards to the September meeting. But on Wednesday, Fed governor Jerome Powell said that “nothing has been decided” [..]
FX Daily Outlook
Posted on August 4, 2015 at 9:24 am GMT[..]
European Session – Euro steady but dollar lower on manufacturing data
Posted on August 3, 2015 at 2:09 pm GMTMajor currencies were mostly steady on Monday and manufacturing data had limited impact. Earlier in the day, weak manufacturing PMI from China added more worries on the growth outlook in the world’s second largest economy. Eurozone final manufacturing PMI was slightly better-than-expected in July at 52.4, and an improvement on June’s 52.2. There was strong growth in the Netherlands, Spain, Italy and Austria. But France was the only other nation apart from Greece that had a reading below 50, which [..]
Eurozone and UK manufacturing PMI beat forecasts but Greek output plunges
Posted on August 3, 2015 at 12:07 pm GMTThe final manufacturing PMI for the Eurozone was revised slightly higher to 52.4 from the initial reading of 52.2 in July, versus estimates that it would be unchanged. The UK’s manufacturing PMI for July was also positive as it came in at 51.9, which was above estimates of 51.6. In the Eurozone, strong growth was recorded in Netherlands, Italy and Spain, which outperformed the rest of the euro area. Germany saw slightly slower pace of expansion compared to June but [..]
Week Ahead – Focus on US jobs and central banks as BoE, RBA and BoJ meet
Posted on July 31, 2015 at 12:36 pm GMTWith the Fed’s July policy meeting out of the way, focus will turn next week on the Bank of England, Bank of Japan and the Reserve Bank of Australia, which hold their scheduled monetary policy meetings. US employment numbers will also be closely eyed in addition to personal spending data. Starting the week, will be the Markit final manufacturing PMI for China, Japan and the Eurozone for July, as well as the main release for the UK. China’s final PMI [..]
FX Daily Outlook
Posted on July 31, 2015 at 9:28 am GMT[..]
European Session – Eurozone data fails to lift euro; dollar rises despite unimpressive Q2 GDP
Posted on July 30, 2015 at 2:56 pm GMTThe euro failed to be inspired from positive Eurozone data as all attention was on US GDP estimates for the second quarter. US GDP rose by an annualized rate of 2.3% in the second quarter, falling slightly short of forecasts of 2.6%. The modest figure is an improvement on the first quarter’s upwardly revised 0.6% and supports the case that the US economy is growing at a moderate pace. The dollar surged after the data as markets view this as [..]
Greece begins negotiations on terms for third bailout as next ECB deadline looms
Posted on July 29, 2015 at 1:00 pm GMTGreek officials on Monday started talks on the terms of the third bailout that was agreed on July 13 between Greece and its creditors. The negotiations are currently taking place on technical level between Greek authorities and Troika representatives following a delay from the previous week over finding a suitable hotel location away from protesters’ reach in the centre of Athens. Troika chiefs are not expected to arrive in Athens until Wednesday and it is hoped that the negotiations will [..]
