The dollar remains in a vulnerable spot once again, with USD/JPY eyeing a potential drop below 148.00 and inching back towards a retest of the October low at 147.27. Meanwhile, the antipodeans are off to a strong start this week with AUD/USD and NZD/USD both climbing above their respective 200-day moving averages in sealing a
The dollar remains in retreat mode again today, continuing the downside momentum from last week. Equities managed to put on a good showing in US trading yesterday, keeping poised in aiming towards the highs of the year next as well. It’s all playing out as it should in what will be a holiday-shortened week for
Europe PPI (YoY) (Sep) $EUR Actual: -12.4% 🟢 Expected: -12.5% Previous: -11.5% FULL REPORT Monthly comparison by main industrial grouping and by Member State: Industrial producer prices in the euro area in September 2023, compared with August 2023, increased by 2.2% in the energy sector, while prices remained stable for capital goods and for durable
Share: Patrick Artus of Natixis is out with a flash note regarding complications for the European Central Bank (ECB) as the central bank looks ahead to a looming confidence crisis. What are the consequences of the ECB’s loss of credibility? If we measure a central bank’s credibility on the basis of long-term inflation
The dollar continues to run riot in the major currencies space, helped out by higher Treasury yields. It’s been quite the straightforward message since the breakout in the bond market but it does offer quite a bit of food for thought: The US may be entering an era of higher yields but the rest of
It’s a light data agenda ahead to open the week in Europe: This snapshot from the ForexLive economic data calendar, access it here. The times in the left-most column are GMT. The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to
It’s a quiet start to the day so far with major currencies mostly little changed ahead of European trading. All eyes are on the US non-farm payrolls so that is likely to make for a bit more of a lull in the session to come. China is once again stealing the headlines in Asia as
That the Eurozone is not in good shape economically we know and we have said it many times: manufacturing, orders, PMIs, hours worked (in Germany they reached the lowest since the data started being collected in 1971, 34.3 hours per week on average). Yesterday, two other pieces of data came out, important although generally not
Major currencies aren’t doing a whole lot though the dollar is mildly softer as we look towards European morning trade. The ranges are still relatively narrow, so let’s see if there will be any appetite to stretch them out later on. Stocks are at least enjoying a decent showing since Friday last week, with the
Share: Gas market is shifting to a more balance position. However, economists at ANZ Bank note supply risks that could lead to further upside in prices. Striking fear into Gas markets Supply-side issues are once again back in focus in the global Gas market. Industrial action in Australia could threaten the relative peace
