Eurozone PMIs to Signal Even More Dovish ECB?
November’s eurozone flash manufacturing and services PMIs, as well as the composite measure that blends the two sectors, are due on Friday at 0900 GMT. The prints are not expected to reflect a pickup in euro area economic activity during Q4,...
ECB To Release The Meeting Minutes
Trading was rather subdued on Wednesday. On the economic front, the University of Michigan report showed that sentiment eased to 97.5 in November. This marked a three-month decline. The durable goods orders report showed a 4.4% monthly decline which was...
US Dollar Retreats Ahead Of The Thanksgiving Weekend
The price of crude oil eased in the Asian session after the EIA released its weekly inventory data. The numbers showed that inventories rose by 4.85 million, which was higher than the consensus estimate of 2.5 million. It was lower...
GBP/USD – US Data Sinks, But Pound Unable to Advance
GBP/USD has posted small gains in the Wednesday session. In North American trade, the pair is trading at 1.2777, down 0.07% on the day. On the release front, the U.K deficit ballooned to GBP 8.0 billion, well above the estimate...
DAX Steady after Tech Stocks Rout Equity Markets
The DAX index has steadied in the Wednesday session. Currently, the DAX is trading at 11,174, up 0.33% on the day. There are no German or eurozone indicators on the schedule. On Thursday, the ECB releases the minutes of its...
Dollar Capitalizes On Risk-Off Mood, Euro Eyes Italian Budget Saga
Here are the latest developments in global markets: FOREX:The dollar index is somewhat lower on Wednesday (-0.17%), giving back some of the significant gains it recorded in the previous session as investors sought the safety of the world’s reserve currency....
Currencies: Dollar Regained Benefit Of The Doubt As US Yields Prevent Further Decline
Rates: Key US yield support levels stand their ground Yesterday’s full blown risk off session caused classic safe haven flows into German Bunds, but not in US Treasuries. Key US yield support levels played their role and didn’t budge. US...
Japanese Yen Subdued, US Housing Reports Match Estimates
The Japanese yen has ticked lower in the Tuesday session. In North American trade, USD/JPY is trading at 112.55, up 0.07% on the day. On the release front, market forecasts were on the button with U.S. construction numbers. Building Permits...
Japanese Inflation to Hold Steady in October as BoJ Frets about Banks’ Profits
Inflation numbers are due out of Japan on Thursday (Wednesday, 23:30 GMT), with the core CPI rate anticipated to have held steady in October. But as the annual rate of inflation creeps up towards the Bank of Japan’s 2% target...
U.S. Housing Starts And Building Permits In Focus
The U.S. Dollar extended declines on Monday. Economic data on the day was sparse. The Eurogroup meetings kicked off with focus turning to the Brexit deal. The EU’s negotiator for Brexit, Michel Barnier said that the EU ministers were in...