European GDPs surprise to the upside, Equities recover a tad
Eurozone GDP rebounded 12.7% q/q in the third quarter, more than initially expected, but not a total surprise after German, French, Italian and Spanish numbers all surprised on the upside…
Read More »Euro Forecast: EUR/USD Outlook Bleak if 1.16 Support Breaks
A steep fall in EUR/USD is on the cards if strong support at 1.16 breaks after last week’s strong hint by the ECB that it’s planning still more stimulus for…
Read More »Strong demand for EU’s First Social Bonds
The Euro has slipped back into the outperforming lane in showing a 0.3% gain on the dollar, a 0.5% advance versus the Yen and gains against Sterling and the Dollar…
Read More »Events to Look Out for Next Week
A busy week starts quite early with ECB President Lagarde and BoE Governor Balay speaking Sunday evening. The uncertain second US Presidential debate will be the highlight next week as…
Read More »Equity markets rally loses some momentum in EU session
Risk aversion picked up again, underpinned by negative vaccine news amid reports that Johnson & Johnson halted its Covid-19 trial due to “unexplained illness”. The December 10-year Bund future is…
Read More »Events to Look Out for Next Week
The risk that virus developments will disrupt the recovery is back in play and very real globally. The lack of another round of stimulus in the US, ongoing US-China frictions…
Read More »FX Update – October 8 – Post Schnabel, Bailey, Jordan & Pre-Claims & Macklem
EURUSD, H1 EURUSD has settled to near net unchanged levels near 1.1750 after ebbing back from a 1.1781 high, which was set in early London trading. Dollar weakness had been…
Read More »Brexit headlines driving the markets
The UK currency took a sharp rotation lower on Brexit related developments. Weighing were reports that the EU and UK are struggling on key issues in trade negotiations, and with…
Read More »FX Update – September 23 – Day 3 of Dollar Gains
EURUSD, H1 The Dollar is up for a third consecutive day, even managing gains against the Yen as global stock markets lifted out of recent correction lows. Solid US data…
Read More »Events to Look Out for Next Week
After an exciting week, the markets continue to digest central bank decisions while waiting for a fresh catalyst. Rising virus infections around the world remain in focus as there is…
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