Sterling fell after the minutes from the Bank of England's August monetary policy committee meeting revealed a 9-0 vote in favour of holding UK interest rates at 5.75 per cent [full report]
DUBLIN, Ireland----Research and Markets has announced the addition of the "China Company Report -- Tianjin Port Holdings Co.; Ltd" company profile to their offering. [full report]
This week marks the start of our weekly coverage of some key emerging market currencies, including the South African Rand , Mexican Peso , Turkish Lira , Singapore Dollar , and the Hong Kong Dollar . [full report]
The Bank of England left interest rates at 5.75%, to give time for recent increases to bite and also possibly encouraged by market volatility, but the City is betting on another increase before the year is out [full report]
The yen and sterling shared the spotlight this week as speculation over the future path of interest rates in Japan and the UK drove the currency markets. [full report]
European policymakers remained confident about the prospects for growth, while US officials were quiet as sterling hit a 26-year high and the euro neared a record peak against the US currency. [full report]
Key Points
• US data releases rather than ECB policy actions are a more probable source of EUR-USD movement today and tomorrow. • 25bp ECB hike likely – very small chance of 50bp. • 120 barrier on USD-JPY remains intact, but upside risk is growing. • Swiss GDP stronger than expected. [full report]
Today's Highlights
US Q3 Preliminary GDP US Nov Chicago PMI index
Market Overview
Lord Turner will bring joy this morning to all of us hoping to retire with a pension before we turn 100 with his recommendation we work beyond 65 to 69. This will widen further the golf handicaps between private [full report]
Today's Highlights
European Central Bank raises interest rate in Eurozone by 0.25% I lost a ?5 bet US employment data is the main focus of today
Market Overview
Europe proved to be the centre of the universe yesterday. While T Blair, who famously promised that the UK’s rebate “was not open for [full report]
Key Points - EUR-USD set to range trade ahead of FOMC meeting. - Focus remains on other currencies like NZD, AUD, CAD and the JPY. - Brown delivers usual mix of smoke and mirrors. - Norwegian and Swedish GDP, UK manufacturing output, German manufacturing orders, US unit labour costs and [full report]
Key Points - EUR-USD steady – modest upside risk ahead of FOMC. - USD-JPY softer, heading for support at 120.00-20. - NZD continues to correct sharply – RBNZ highlights Jekyll and Hyde features for the NZD.
Market Outlook EUR-USD remains steady and is likely to remain so ahead of next [full report]
Key Points - USD softens up a little further ahead of FOMC, but upside favoured after Tuesday. - JPY weakness continues despite ongoing build-up in short positioning. - UK PPI and CBI survey today’s data features. Market Outlook The USD has been fairly soft overnight, but with one day to [full report]
Key Points - JPY position adjustment continues to drive FX market. - NZD was the major beneficiary of JPY weakness and now it is the biggest loser. - EUR-USD may struggle for direction while JPY noise is prevalent. - Riksbank minutes signal split decision on rates. - SNB disappoints CHF [full report]
Key Points - More JPY volatility likely in the short-term, but USDJPY buying ahead of 115.00 is tentatively favoured. - FX movement remains a JPY story – USD news has been generally favourable. - German IFO, Eurozone CPI feature today.
Market Outlook JPY volatility has continued overnight, with further liquidation [full report]
Key Points - USD-JPY stabilises after last week’s losses. - EUR-USD downside tentatively favoured, but US data (especially on housing) could be crucial this week. - US NAHB index and UK RICS survey feature today but both are due after European hours. Market Outlook USD-JPY remained soft at the Asian [full report]
Key Points - USD-JPY steady – EUR-USD eases back in Europe. - US housing market data weakens again. - UK - mortgage lending up, RICS survey shows rise in house prices. - Canadian CPI, US PPI and housing starts feature today – NZ current account tonight. Market Outlook USD-JPY continues [full report]
Key Points • USD strength slowly returning – EUR-USD pressuring 50-day moving average. • Further USD-JPY stabilisation likely today. • NZ current account deficit bad but fairly well anticipated. • UK MPC minutes, CBI trade survey, Canadian retail sales feature today.
Market Outlook EUR-USD moved sharply lower yesterday although as [full report]
Key Points • USD remains generally solid, but EUR-USD stays above next support at 1.1800. • USD-JPY could extend a little further today – 117.70 is key. • Japanese data continues to point to strong economic activity. • NZD hit again as GDP data reveals underlying ills of NZ economy. [full report]
Today's Highlights Sterling weaker on MPC vote US Dollar stronger after US data Euro confused after Trichet speaks Market Overview If you are as bored as I am of the fawning over Elton and the new Mrs John, then I’ll try to distract you with the thrilling excitement of the [full report]
Key Points - Some modest upside risk initially to EUR-USD after yesterday’s move. US data in focus. - Canadian GDP, US durable orders, new home sales and Michigan sentiment feature today. - This is the last FX Daily until January 3. Have a good one and best of luck for [full report]
Key Points - Market looking for answers to questions over relative cyclical strengths in the US and Eurozone. - EUR-USD downside favoured over coming month. - However, the ECB meet next week so extreme data could affect sentiment. - Eurozone PMIs, US ISM and FOMC minutes feature today.
Market Outlook [full report]
Today's Highlights
A very Happy New Year to all our clients and partners Thin trading greets the New Year US Dollar weakens after a strong Xmas showing
Market Overview
May I wish a Happy New Year to one and all and wish you all a very prosperous 2006. Can I also thank [full report]
Key Points - Gulf of California earthquake causes some USD volatility in Europe. - FOMC minutes fuel further talk about an approaching peak in the funds rate, although sentiment on this issue and what it means for the USD will likely remain volatile. - Members note that the policy outlook [full report]
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