Key risk events today: Spanish Flash GDP q/q; Euro CPI Flash Estimate y/y and Core CPI Flash Estimate y/y; US ADP Non-Farm Employment Change; CAD GDP m/m and RMPI m/m; US Employment Cost Index q/q; Chicago PMI; FOMC Statement, Federal Funds Rate and Press Conference. EUR/USD: Europe’s single currency mildly extended its weekly gains Tuesday, … Continue reading Wednesday 31st July: Dollar holding north of 98.00 as Fed focus takes centre stage.
Key risk events today: BoJ Outlook Report, Monetary Policy Statement and Press Conference; German Prelim CPI m/m; US Core PCE Price Index m/m and Personal Spending m/m; US CB Consumer Confidence. EUR/USD: Europe’s single currency entered a somewhat subdued state Monday, unable to close outside of Friday’s range. Consequent to yesterday’s lacklustre performance, much of … Continue reading Tuesday 30th July: Sterling sinks to 28-month low amid Brexit fears.
The British pound has been grinding lower against its US counterpart, gradually tunnelling through bids residing within long-standing demand at 1.2365-1.2615.
Key risk events today: German Import Prices m/m; US Advance GDP q/q; US Advance GDP Price Index q/q. EUR/USD: As forecast by consensus, European Central Bank (ECB) policymakers opted to stand pat on rates Thursday and therefore refrained from lowering the deposit rate. However, tweaking its forward guidance on rates to include an ‘or lower’ … Continue reading Friday 26th July: Dollar approaches 98.00 ahead of today’s growth data.
Key risk events today: RBA Gov Lowe Speaks; Spanish Unemployment Rate; German Ifo Business Climate; Euro Main Refinancing Rate and Monetary Policy Statement; ECB Press Conference; US Core Durable Goods Orders m/m; US Durable Goods Orders m/m. EUR/USD: Flash manufacturing PMIs out of Europe disappointed Wednesday, encouraging marginal losses. All in all, though, the market … Continue reading Thursday 25th July: Euro eyes 1.11 as ECB takes centre stage.
