Posted by: Forex Weekly Reports (ActionForex.com)
Although confidence in the euro zone has been impacted from the debt crisis which is hurting growth levels, yet in June we saw confidence improving from weak euro which boosted exports, therefore improving the outlook at it supports growth levels.
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Posted by: Forex Weekly Reports (ActionForex.com)
After a dramatic start with the New Zealand interest rate decision, markets settled down with the yen making slight gains on the day. The RBNZ overnight call rate decision got things rolling today with an expected hike of 0.25% to put the rate at a healthy 3.00%, however, the statements
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Posted by: Forex Weekly Reports (ActionForex.com)
Yesterday, the economic calendar was rather thin. German CPI inflation came out slightly higher than expected, according to the first estimate. Inflation rose to 1.2% Y/Y in July (from 0.9% Y/Y), but this was mainly due to strong base effects coming from very weak food prices last year. Besides seasonal
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Posted by: Forex Weekly Reports (ActionForex.com)
The dollar declined against the yen in Asia Thursday on speculation that U.S. Treasury yields will fall further due to concerns over a slowdown in the world’s biggest economy. Strong demand at a U.S. five-year sovereign note auction overnight suggested that recent weak economic reports from the U.S. have made
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Posted by: Forex Weekly Reports (ActionForex.com)
The Fed Beige Book, released yesterday, reported growing manufacturing though the rate of growth is slowing in some districts. Durable goods orders declined yet again (-1.0% MoM) providing more evidence of a slowdown in manufacturing. We expect this to continue throughout the second half of the year.
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Posted by: Forex Weekly Reports (ActionForex.com)
The US data releases continued their weaker trend overnight with durable goods orders falling an 1.0% m/m versus +1.0% expected, although core goods orders (non-defense goods ex-aircraft) posted 0.6% m/m gains in June and May’s data revised higher to 4.6% from 2.1%. Nevertheless, markets focused on the headline figure and
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Posted by: Forex Weekly Reports (ActionForex.com)
Weak economic data and a further pull back in Oil led the stock markets lower overnight but the selling was subdued and the sentiment remains positive. The USD continued to range trade against most majors with small gains against commodity currencies.
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Posted by: Forex Weekly Reports (ActionForex.com)
The Yen extended its strength through the Asian session this morning and was higher against most of the majors on a combination of weaker macroeconomic data and selloffs in the equity sector. Starting with the release of the durable goods orders (-1.0% act v 1.0% exp/-0.8% prev) and continuing through
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Posted by: Forex Weekly Reports (ActionForex.com)
U.S. Dollar Trading (USD) weak economic data and a further pull back in Oil led the stock markets lower overnight but the selling was subdued and the sentiment remains positive. The USD continued to range trade against most majors with small gains against commodity currencies. In US stocks, DJIA -39
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Posted by: Forex Weekly Reports (ActionForex.com)
Wednesday’s testimony by the Bank of England MPC members to the Treasury Select Committee highlighted the wide range of views about the risks surrounding the UK economic outlook. One of the risks is the renewed weakness in the housing market as one of the reasons why any discussion of policy
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