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Forex Fundamentals
News and Events:
EURUSD clawed back some of its looses in Asian trading; a function of a lack of news rather than any development which supported Forex risk taking. EURUSD traded up to 1.4087 from 1.4002 while USDJPY remained stuck in daily cloud cover a...
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Forex Fundamentals
Modest risk recovery makes sterling look vulnerable
O/N BULLETS
SNB's Jordan 'very worried' about Swiss franc's rise
Greek cabinet adopts new fiscal measures
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Forex Fundamentals
Today's Comment
Further bad news needed to maintain momentum
EUR/NOK (from SELL to NEUTRAL): We are not quite comfortable about the development of the economic growth indicators. If the oil price falls below 95, NOK will come under pressure.
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Forex Fundamentals
The key release from the domestic economic calendar will be the UK public finances figures. The release of the April public sector net borrowing (PSNB) figures - the first of the new fiscal year - will be closely watched for signs that the government's fi...
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Forex Fundamentals
The first estimate of both euro zone manufacturing and services PMI showed a significant weakening in business sentiment. In May, euro zone manufacturing PMI dropped from 58.0 to 54.8, the sharpest slowing since the Lehman collapse, while the consensus wa...
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Forex Fundamentals
Previous session overview
The euro stayed steady but vulnerable to further declines Tuesday as concerns over the euro-zone sovereign debt crisis showed no signs of abating, with traders here bracing for further negative news for the currency to turn up i...
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Forex Fundamentals
Market Brief
EURJPY weakened for a third day to 114.72 on continuing speculations that EU debt issues will worsen and industrial production may falter, EURUSD remained weak but supported well above the 1.4000 levels before reports to show EU industrial o...
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Forex Fundamentals
The ongoing Eurozone debt crisis and threat fear of contagion from the peripheral into the core economy continues to dominate trade, with investor risk appetite diminishing quite rapidly. This has weighed tremendously on the Euro and currencies in general...
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Forex Fundamentals
Forex
The Dollar`s rise in Asian trading hours continued in the European morning, leading to new short term cyclical lows in EUR/USD and GBP/USD. We expect the selling in those pairs to dry out today around present levels, and see some recovery moves to ...
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Forex Fundamentals
IMM Positioning
Dollar in favour as debt concerns return
The latest IMM data cover the week from 11 to 17 May.
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Forex Fundamentals
The Eurozone composite PMI decreased sharply to 55.4 in May from 57.4 in April signalling dampened growth in Q2.
Especially the drop in manufacturing new orders from 57.4 to 53.8 in combination with an increase in stocks of finished goods is worris...
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Forex Fundamentals
EUR/USD
Reversal extends correction to new lows.
Exited at 1.4130, maintaining breakeven status. EUR/USD reversed sharply last week after failing into old resistance ar 1.4282 and 1.4310 (TDST line). The reversal has now extended the larger correcti...
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Forex Fundamentals
News and Events:
Events in Europe continue to pressure risk appetite at the opening of the week. Asian regional equity indexes were severely underwater, while European stocks are not fairing much better. FX was in pure risk off mode, with EURUSD slipping...
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Forex Fundamentals
EUR/USD (SELL): The upward correction is over. Massive pressure on EUR – difficult to grasp the overall impact of all the negative news.
EUR/CHF (from BUY to SELL): “Loan fixing” in Hungary and negative focus on EUR sends CHF to an all-time...
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Forex Fundamentals
In May, European Commission’s consumer confidence unexpectedly improved, according to the first estimate. The headline index rose from -11.6 to -9.7, the highest level since November last year, while the consensus was looking for a third consecutive dec...
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Forex Fundamentals
Sunrise Market Commentary
Global core bonds rally as risk aversion reignsAfter an uneventful morning session on Friday, global core bonds rallied later on, especially German bonds, as the unrest in the peripheral markets supported a flight to safety.
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Forex Fundamentals
Market remain jittery as Euro-zone concerns mount
O/N BULLETS
Spanish governing socialists suffer heavy losses in local elections
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Forex Fundamentals
Euro declines have accelerated over the past few sessions, and the escalating negative sentiment towards the Eurozone have negatively influenced the rest of the currency market with sentiment shifting dramatically lower. A crushing defeat of the ruling So...
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Forex Fundamentals
Previous session overview
The euro remained under pressure in Asia Monday, falling to a record low against the Swiss franc, as investors bet the new week could bring fresh negative news on the euro-zone's sovereign debt problems.
The loss of Spanish Pri...
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Forex Fundamentals
Market Brief
European news have kept markets lower, continuing from Friday as a series of weak data have kept risk appetite to the lows and Dollar continues its strength on fears of the debt issues worsening in the EU region. Spanish elections saw the de...
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