Tag Archives: euro

3 July: Forecast: FX: US$/Majors

  Economics/ Politics/Central Banks: US personal income rose 0.4% in May, above expectation of 0.3%. Personal spending rose 0.1%, in line with consensus. Headline PCE slowed to 1.4% yy, below expectation of 1.5% yy. The Fed’s Bullard was rather dovish on Friday, saying that the recent “data has not been that great considering that we got going on… Read More »

28 June: Forecast: FX: US$/Majors

  Economics/ Politics/Central Banks: Central Bankers galore, with more to come, including more from Draghi as well as Carney, Kuroda and Poloz. The main focus of the previous session were : Draghi: “All the signs now point to a strengthening and broadening recovery in the Euro area” and Yellen: “We intend to very gradually and predictably shrink our… Read More »

26 June: Forecast: FX: US$/Majors

  Currencies: The US$ weakened on Friday despite upbeat housing data easing worries about a slowdown in the housing market while investors awaited a flurry of comments from Fed officials. Stronger manufacturing data from Europe combined with underperforming US manufacturing data to keep the dollar under pressure against all the major currencies. Sterling rallied after the BoE’s Haldane… Read More »

16 June: Forecast: FX: US$/Majors

  EURUSD: 1.1146 EurUsd has been under pressure as the dollar continues its recovery following the FOMC decision, assisted by today’s firm US data, with the pair finishing the session just above the Thursday lows of 1.1131. With the 4 hour/daily momentum indicators looking heavy further losses look likely, which could see a decline to 1.1100/10 and possibly… Read More »