04-27-2018, 01:39 PM
US GDP Data Release
US publishes first read of GDP growth for Q1 2018 on Friday, April 27th at 12:30 GMT.
The first publication tends to have the most significant impact on markets.
Apart from being the first official look at a quarter that just ended, the release can provide significant surprises.
The second, third, and fourth quarters of 2017 saw annualized growth rates around 3%, a substantial rate and above the "new normal,," the post-crisis averages of 2.0%-2.5%.
This time, the consensus of economists points to an annualized figure of 2.3%, down from a final read of 2.9% for the latter quarter of last year.
05-01-2018, 12:09 PM
EUR/USD challenges 4-month lows(1.2070)
EUR/USD is down for the third week in a row , back to levels last seen in mid-January above the 1.2000 milestone while shifting its focus to a potential visit to the psychological 1.2000 mark.
In the meantime, the greenback remains strong and flirting with the key barrier at 92.00 the figure, where sits the key 200-day sma, despite some softness in yields of the US 10-year note in the past couple of days.Investors continue to unwind EUR long positions following the cautious stance from the European Central Bank, while some disappointing results in the region did not help the sentiment either.Yesterday’s advanced inflation figures in Germany came in on the soft side, showing the lack of upside traction in consumer prices in Euroland.
Later in the day, the key US ISM Manufacturing will be the salient event today against the backdrop of marginal activity and volatility as the majority of global markets are closed due to the Labour Day holiday.
05-01-2018, 04:21 PM
EUR/USD mid session technical analysis(May 1,2018)
The pair is trading lower shortly after the opening of the U.S. session. The U.S. Dollar is being supported by the divergence between the monetary policies of the U.S. Federal Reserve and the European Central Bank.
On Wednesday, the Fed is likely to leave its benchmark interest rate unchanged.But the hawkish language in its monetary policy statement will likely point to a quarter-point rate hike in June and another one later in the year.
At the same time, weaker-than-expected economic data in the Euro Zone is helping to raise doubts about when the European Central Bank will normalize its monetary policy.
05-03-2018, 01:40 PM
EUR/USD gains, back below 1.20
EUR/USD leaves session tops and returns to sub-1.20 levels.The pair has abandoned the area of session tops beyond 1020 the figure and has now returned to the 1.1980 region in the wake of EMU's flash inflation figures.
After breaking above the 1.2000 handle and retest once again the proximity of the 200-day sma, the pair met some sellers and is now hovering over the 1.1985/80 band.
05-08-2018, 12:53 AM
EUR/USD Limits Dollar's Retreat From Highs
Dollar retreated from 2018 highs,but downside was limited amid ongoing weakness in the euro.U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose by 0.16% to 92.57. The U.S. economy created 164,000 in April, missing economists’ forecast for 189,000 new jobs. Thejobless rate fell to 3.9%, while average hourly earnings grew 0.1%.
05-14-2018, 06:48 PM
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10-10-2018, 07:19 PM
EUR/USD Lack of data leaves euro trading diagonal
EUR/USD is unchanged in the Wednesday session. Currently, the pair is trading at 1.1497, down 0.04% in credit to the hours of daylight. On the reprieve stomach, there are no key German or eurozone indicators. In Germany, the tolerate in regarding 10-year bonds rose to 0.55%. On Thursday, the ECB releases the details from its August policy meeting. The U.S releases key inflation indicators this week, starting by now Producer Price Index reports. PPI and Core PPI are both traditional to late growth gains of 0.2%, after a decrease of 0.1% in the previous freedom. The U.S. will furthermore proclaim the Treasury Currency checking account, a semi-annual declaration.
Traders are awaiting the U.S Treasurys neighboring currency bank account, which was last released in April. In that relation, the U.S did not declaration any of its major associates as currency manipulators, but it did criticize China for the non-pay for giving out of its economy. Since subsequently, the Trump administration has imposed some $200 billion in tariffs in the region of Chinese goods. China has retaliated gone its own tariffs in description to U.S goods, and there has been speculation that China could unmodified to the U.S tariffs by devaluating the Chinese yuan, in order to relief Chinese exports. In 2015 and 2016, the markets dropped unexpectedly upon fears that China would agree to a major devaluation of its currency. The financial credit should be treated as a puff-mover.
With the ECB upon track to wind happening its stimulus program at the halt of the year, the markets are focusing upon the timing of a rate hike neighboring year. The ECB has stated that it will not lift rates previously the cease of the summer, which many analysts have interpreted as September 2019. However, inflation has climbed significantly in the eurozone, and the ECB could opt to lift inclusion rates previously September in order to curb inflation. Besides inflation, ECB policymakers will have to weigh supplementary factors such as the U.S-China trade engagement in the middle of deciding later to lift union rates.
01-05-2019, 07:45 PM
EUR/USD consolidates around 1.1400, posts modest weekly losses
Euro rises on Friday against the US dollar for the second day in -a-row, still down for the week.
Greenback weakness late on Friday after Fed Chairman Powell’s comments.
The EUR/USD bounced from 1.1344 during Friday’s US session and rose back above the 1.1400 zone. It peaked at 1.1417 and near the end of the session was hovering around 1.1400.
The euro bottomed after the release of the US Jobs report that surpased expectations and bosted the greenback. It reveresed the trend when Jerome Powell sound cautions about the economic outlook. His message was seen as dovish and pushed the US dollar to the downside and US yields higher.
The recovery of EUR/USD lost strength below 1.1420. It is about to end far from the weekly low it reached at 1.1307, but also off the high of 1.1495. The pair continues to move sideways limited by the 20-week moving average and the 1.1500 area while to the downside, the 1.1300 zone continues to be the critical support.
“Recession fears continue to loom in the US, and we expect that to weigh on business confidence indicators released next week. The FOMC minutes and a number of speeches will attract a lot of attention next week, along with further developments in the ongoing government shutdown”, said analyst at Danske Bank. In the Eurozone, ECB minutes will be released, they will look “in particular for discussion on the growth and inflation outlook – not least the comments on the strong wage growth numbers.”
EUR/USD consolidates in credit to 1.1400, posts modest weekly losses
Euro rises not in the make distant off from the subject of Friday neighboring to the US dollar for the second day in -a-squabble, yet beside for the week.
Greenback disease tardy on the order of Friday after Fed Chairman Powells observations.
The EUR/USD bounced from 1.1344 during Fridays US session and rose gain occurring above the 1.1400 zone. It peaked at 1.1417 and stuffy the ensue less of the session was hovering just approximately 1.1400.
The euro bottomed after the freedom of the US Jobs excuse that surpased expectations and bosted the greenback. It reveresed the trend behind Jerome Powell strong cautions about the economic slant. His declaration was seen as dovish and pushed the US dollar to the downside and US yields cutting edge.
The recovery of EUR/USD free strength under 1.1420. It is nearly to subside far afield from the weekly low it reached at 1.1307, but with off the high of 1.1495. The pair continues to pretend to have leaning limited by the 20-week moving average and the 1.1500 place even if to the downside, the 1.1300 zone continues to be the vital refrain.
Recession fears continue to loom in the US, and we expect that to weigh upon concern confidence indicators released adjacent week. The FOMC minutes and a number of speeches will attract a lot of attention gone-door week, along behind added developments in the ongoing supervision shutdown, said analyst at Danske Bank. In the Eurozone, ECB minutes will be released, they will see in particular for drying upon the accretion and inflation approach not least the observations upon the sound wage amassing numbers.
Also bordering week, China/US trade meetings will receive area. Fed tightening worries have moved to the background and then than than the meeting bordering week in the midst of US and Chinese officials, there might be some evolve at last upon what has become a dominating source of uncertainty in the second half of 2018. Against his background, the deeply sound exaggeration in jobs in December has been most intended: it suggests that, barring shocks, the expansionary phase of the matter cycle is not approximately to confront soon, wrote William De Vijlder, Group Chief Economist of BNP Paribas.
01-10-2019, 06:16 PM
Fed's Barkin: Growth to continue though at a somewhat slower pace
Below are some key takeaways, via Reuters, from the prepared speech delivered by Richmond Fed President Tom Barkin at an event organised by the Raleigh Chamber of Commerce.
- Expects growth to continue though at a somewhat slower pace.
- Trend core growth is only in the 1.9% range.
- Hears concern partly driven by trade, politics, market, margin pressure.
- Productivity slowdown is real, due partly to business underinvestment.
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02-06-2019, 08:56 PM
EUR/USD remains depressed oppressive 1-1/2 week lows, sub-1.1400 level
Dismal German factory orders data exerted a light pressure on the Euro.
The continuation of the recent rally in the USD adds to the selling bias.
The EUR/USD pair held upon the defensive through the mid-European session and is currently placed at the demean fade away of its daily trading range, something once the 1.1385 regions, or 1-1/2 week lows.
The pair elongated its steady subside from near three-week tops, levels beyond the key 1.1500 psychological marks set last Thursday and remained under some selling pressure for the fourth session in the previous five.
The shared currency continues to be weighed the length of by softer incoming economic data, this era from Germany that underlined the loss of loan in the Euro-zone's largest economy. The latest data showed German factory orders fell for the second consecutive month in December and marked their biggest monthly subside previously June.
Meanwhile, the US Dollar continued magnification upon Wednesday, albeit modestly, and recovered altogether of its losses that came after a dovish FOMC message, which advocate on collaborated to the pair's slide under 50-day SMA to an intraday low level of 1.1380.
The bearish pressure remained unabated as appearance participants now see run to a relatively thin US economic docket - featuring the delayed November US Trade Balance figures, and Prelim Unit Labor Costs/Nonfarm Productivity data for some quick-term impetus.
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