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Two trades to watch: DAX, EUR/USD
German DAX falls as Powell warns of recession & ahead of PMIs. EURUSD looks to PMI data, Powell's testimony.
Worse than expected US Manufacturing Production and Industrial Production top off a rough data week
Fed Chairman Powell said he does not see a spillover from the high inflation into the broader economy. Therefore, the Fed excepts to continue hiking rates.
Two trades to watch: Gold, EUR/USD
Gold falls ahead of Powell. EUR/USD falls towards 1.05 ahead of EZ inflation.
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European Open: Volatile trade on the yen as the BOJ stand pat
There was some trepidation ahead of today’s BOJ meeting given the excitement of the FOMC and SNB this week, as evidenced by the yen’s volatile spike when the BOJ did nothing.
Housing data and Philly Fed results don't inspire much hope for US economy
Jerome Powell said at yesterday’s FOMC press conference that he doesn’t see signs of a broader slowdown in the economy. Will his view change?
EUR/USD in focus as ECB holds ad-hoc meeting ahead of FOMC
Euro rebounds as ECB tries to address fragmentation risks, ahead of a likely 75 basis point hike from the Fed
Technical Tuesday: DAX, Gold and EUR/USD
Welcome to Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this week’s edition, we are getting technical on the DAX, Gold and EUR/USD. So, there’s something for everyone.
European Open: There's nerves in the air ahead of US inflation
There’s clearly nervousness in the air ahead of today’s US inflation report, as index futures cling to their lows after breaking lower from a 7-day range.
ECB pre-commits to 25bps hike in July; fragmentation talk worries Euro traders
If yields rise and spreads widen between the peripheral countries and the core countries, the ECB could re-enter the market and buy debt of the peripheral countries to bring down yields.
European Open: UK closed, DAX and EUR/USD in focus
Whilst UK markets are closed for the Queen’s platinum Jubilee celebrations, European exchanges are open and the DAX and EUR/USD have piqued our interest.
Two trades to watch: Oil, EUR/USD
Oil rises to 2-month high ahead of EU vote. EURUSD rises ahead of German inflation, EZ consumer confidence.
Core PCE still strong, but weaker than March
Although one reading isn’t considered a trend,it may be suggesting that inflation has plateaued.
Two trades to watch: EUR/USD, Oil
EURUSD rises ahead of US inflation data. Oil steadies at a two-month high.
EUR/USD’s near-term bullish channel intact amidst ECB hawkishness
Recent comments from ECB policymakers suggest that “gap” between interest rates on the two sides of the Atlantic will be smaller than expected...
Two trades to watch: FTSE, EUR/USD
FTSE falls as growth fears weigh, PMIs due. EUR/USD extends gains, PMI data up next
European Open: EUR/USD pulls back ahead of PMI’s, futures lower
PMI data makes up the baulk of economic data for Europe and the US, which kicks off with German data at 08:15 BST.
Christine Lagarde gives a boost to EUR/USD
With Christine Lagarde laying the groundwork for upcoming ECB rate hikes, EUR/USD has continued its recent bid higher.
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Is the manufacturing sector telling us something?
Are these large drops in the manufacturing data indicative of a slowdown ahead in the rest of the economy?
European Open: EUR/USD eyes break of 1.06, potential bull flag on gold
The dollar is on track to break a 6-week winning streak, and the euro and gold may present a couple of opportunities around that theme.
Two trades to watch: EUR/USD, DAX
EUR/USD rises ahead of minutes from the ECB meeting. DAX falls as inflation and growth fears rise.
EUR/USD: Will record high inflation and hawkish ECB underpin euro?
It looks like a July rate hike is firmly on the table and negative rates will soon become a thing of the past.
US Consumer still spending despite high inflation; EUR/USD
Anyone who is worried about the effects that inflation will have on household spending can take a deep breath for another month as April’s Retail Sales data continued to be strong.
European Open: EUR/USD grinds higher ahead of EU GDP and US retail sales
EUR/USD is a pair to watch today, given the line-up of GDP and employment for Europe, retail sales for the US and Jerome Powell speaking.