Category: Featured

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.

Key risk events today: French Flash Services PMI; French Flash Manufacturing PMI; German Flash Manufacturing PMI; German Flash Services PMI; EUR Flash Manufacturing PMI; EUR Flash Services PMI; US Flash Manufacturing PMI. EUR/USD: Europe’s shared currency triggered two-month lows vs. the dollar Tuesday, convincingly crossing beneath 1.12 and June’s opening level at 1.1165 on the … Continue reading Wednesday 24th July: Euro triggers two-month lows ahead of PMI data and tomorrow’s European Central Bank monetary policy announcements.

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