Tag Archives: yen

4 July: Forecast: FX: US$/Majors

  Economics/ Politics/Central Banks: EU PMI manufacturing finalised at 57.4 in June, revised up from 57.3. UK PMI manufacturing dropped to 54.3 in June, down from 56.3 below expectation of 56.3. US ISM June manufacturing index: 8 vs 55.2 expected. US ISM Manufacturing Employment Index: Jun 57.2 vs 53.3 expectation, 53.5 prev May Construction Spending 0.0% v expectations… Read More »

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 »

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 »

20 June: Forecast: FX: US$/Majors

  EURUSD: 1.1148 EurUsd has traded heavily on Monday, following the Fed’s Dudley making some upbeat comments on the US economy, and the pair is finishing near the day’s lows of 1.1142. With the momentum indicators now all looking heavy, further losses look likely to test last week’s lows at just above 1.1130 beyond which would allow a… 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 »