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The US Dollar has caught a mild bid into Tuesday on the back of hawkish Fed Evans comments. Looking at today’s calendar, key standouts come in the form of UK employment, Eurozone construction output, German and Eurozone ZEW surveys, The New Zealand GDT auction, Canada manufacturing shipments and US industrial production. read report
We come into the new week with some central bank event risk behind us that went off without a hitch, leaving markets in a state of anticipation, for whatever might be the next big catalyst to shake things up. Last week, both the ECB and Fed echoed their respective policy outlooks by way of the ECB decision and Fed Minutes respectively. read report
We come into Friday, after an interesting week of trade, where there was plenty of risk out there, and yet, not a lot of activity. Looking at the more actively trading currencies as we head into the weekly close, all are trading well within a half a percent from weekly opening levels. Friday's economic calendar is exceptionally thin. read report
The market was waiting to see what would come of the Wednesday highlights on this week’s calendar, and in the end, no real surprises from the ECB decision and Fed Minutes. Looking ahead, key standouts on the day include some German inflation readings, US initial jobless claims, US producer prices and some Fed speak. read report
The market has been in a cautious state this week, not wanting to make any big decisions about direction, seemingly waiting for more insight from the developments on the economic calendar that heats up in a much bigger way today. ECB decision, EU summit, batch of UK data, US CPI and the Fed Minutes, all due on Wednesday. read report
We haven’t seen much going on in the early week. What little price action we've seen, has been pointing to US Dollar weakness and mild selling in the global equities space. We’re currently waiting for more clarity on US-China trade talks and Brexit, though the Pound has caught some renewed bids after an amended Cooper-Letwin bill passed into law. read report
Last Friday’s subdued hourly earnings component in the US jobs report should do a good job affirming the Fed’s recent policy shift back to the accommodative side. This has also resulted in renewed selling of the US Dollar and fresh 2019 highs in US equities. read report
When we look at FX price action on the week into Friday, there isn’t a whole lot to talk about. All of the more actively traded currencies remain confined to familiar ranges. As far as today’s calendar goes, key event risk comes in the form of the monthly employment report out of the US. read report
All is steady into Thursday, after we had seen a reversal of flow in Wednesday trade. Market participants will need to feel their way through the price action, to find out if we’ve just seen the start to a wave of Dollar selling and profit taking in stocks. The economic calendar is light today, ahead of tomorrow's US jobs report. read report
More risk on flow as Wednesday gets going, with US equity futures pushing even higher and that much closer to record highs seen in late 2018. On the FX front, things have been a lot less trendy and a whole lot choppier, with the latest run of US Dollar demand coming to a halt and reversing course. read report
