Category Archives: Daily Outlook

27 Nov: Euro soars on strong EU data. WTI, Stocks strong too. OPEC, US GDP, EU CPI & Mfg PMIs this week’s highlights

  The US$ was under pressure heading in to the weekend, particularly against the Euro, which broke up though important technical resistance to finish the week above 1.1900 for the first time since September. US Stock Indices and Oil also had a strong Friday session, both making good gains, with the S+P and Nasdaq both reaching new all… Read More »

23 Nov: US$ lower after soft Durable Goods and slightly dovish FOMC Minutes. PMIs in focus. US holiday today.

  The US$ fell on Wednesday, after the Durable Goods Orders failed to meet expectations and the University of Michigan’s consumer sentiment report showed a decline in expectations for long-term inflation. This followed on from some earlier comments from Janet Yellen who had sounded uncertain about the future pace of inflation. The FOMC Minutes had a mildly dovish… Read More »

What should we expect from the BOE today?

Cable is recovering from its 1.3240 US session low, so far reaching a high of 1.3297 in Asia as some US$ selling takes hold, although further upside appears to lack follow-through ahead of the key risk events for today – the BOE rate decision, the quarterly Inflation Report (QIR) and to a lesser extent, the UK Construction PMI.… Read More »