The strongest to weakest of the major currenciesThe CHF is the strongest and the GBP is the weakest as the NA session and the new trading week in North America begins. The USD is mostly lower with modest gains vs the GBP. The AUDUSD is unchanged. The USDCHF is the...
ForexLive European FX news wrap: Yields fall as risk remains cautious
Headlines:Markets:CHF leads, GBP lags on the dayEuropean equities mixed; S&P 500 futures down 0.1%US 10-year yields down 5.5 bps to 3.685%Gold up 0.5% to $1,931.72WTI crude up 0.3% to $69.39Bitcoin down 1.9% to $30,320It was a quiet session for the most part but...
German inflation to slow further in coming months – Bundesbank
German economy has bottomed outA slight growth in GDP is expected in Q2German industry continues to largely weather decline in demandIt's all about expectations. So, even if economic activity has been brighter in April and May, things seem to be running into the...
UK CBI June retailing reported sales -9 vs -10 prior
Retail sales volumes continued to decline in the year to June, even if the pace has slowed slightly. The expectations reading for the month ahead is for no change (0) at least. However, the continued decline in sales volumes speaks to the difficulty faced by retailers...
Market Outlook for the Week of 26 – 30 June
During the previous week, the SNB raised interest rates by 25bps and indicated that further tightening is anticipated in the future, potentially with another 25bps increase in September. The SNB emphasized that inflation remains a concern, and there are expectations...
Ifo economist says storm clouds are forming for the German economy
Weak demand for industry, order backlog is fallingIndustry export expectations are noticeably down, global rate hikes are dampening demandThe deterioration in demand conditions and manufacturing recession was already highlighted in the PMI data last week, so this just...
Germany June Ifo business climate index 88.4 vs 90.7 expected
Prior 91.7; revised to 91.5Current conditions 93.7 vs 93.5 expectedPrior 94.8Outlook 83.6 vs 88.0 expectedPrior 88.6; revised to 88.3It's softer readings across the board as compared to May and that reflects worsening conditions in the German economy towards the end...
SNB total sight deposits w.e. 23 June CHF 508.0 bn vs CHF 510.6 bn prior
> SNB total sight deposits w.e. 23 June CHF 508.0 bn vs CHF 510.6 bn prior Latest data released by the SNB - 26 June 2023 <!--> Justin Low Monday, 26/06/2023 | 08:00 GMT-0 26/06/2023 | 08:00 GMT-0 --> <!--> Domestic sight deposits CHF 496.6 bn vs CHF...
Crude Oil, Coups and the old ”Follow the money” rule
At this point, you are all aware of the brief attempted and aborted uprising in Russia over the weekend, led by businessman and mercenary Yevgeny Prigozhin and implemented by the private military group Wagner. It is not our purpose to delve into further geo-political...
The risk aversion starts to kick in again
10-year Treasury yields are down 4.3 bps to 3.696%, at the lows for the day now. And that comes alongside a retreat in equities right after the open in Europe as mentioned here.In turn, we are seeing the Japanese yen push higher across the board with USD/JPY now down...
Weekly Market Outlook (26-30 June)
UPCOMING EVENTS:Tuesday: Canada CPI.Thursday: US Jobless Claims.Friday: EZ CPI, US Core PCE.Tuesday: The Canadian Headline CPI Y/Y is expected to come at 4.2% vs. 4.4% prior, while the M/M reading is seen at 0.5% vs. 0.7% prior. The Core CPI Y/Y is forecasted at 3.9%...
Stocks pare gains right after the European market open
European indices are now slipping into negative territory, with US futures also paring gains on the day. It's just 15 minutes right after the open here in Europe but the jitters from last week are coming back.As you can see, S&P 500 futures are now down by 0.1% to...
Japan chief Cabinet secretary Matsuno says closely watching FX moves
Important for exchange rate to move stably reflecting economic fundamentalsSeeing sudden and one-sided moves in the FX marketClosely watching the moves with high sense of urgencyThe verbal intervention continues from Japan over the past week, with USD/JPY having...
European equities a touch higher at the open today
Eurostoxx +0.2%Germany DAX +0.2%France CAC 40 +0.2%UK FTSE +0.2%Spain IBEX +0.2%But can it last? The question last week was whether growth worries or the run up to quarter-end being reasons to have dragged equities lower. If it is the former, things haven't really...
Russell 2000 futures technical analysis in 60 seconds, 26 June 2023
Market trends of Russell 2000The Russell 2000 futures experienced a downturn, closing lower on June 23, 2023, following a week characterized by increase, but still, fairly low volatility , as the ViX is still quite low.The index, which maintained its position within a...
아는 사람만 받는다! 에너지쉼표
https://www.youtube.com/watch?v=elwJkELvFhI 오늘은 전기를 절약하면 에너지캐시백보다 10배에서 30배 이상 더 많이 돌려주는 제도를 소개해 드리겠습니다. 역시 전 국민이 대상인데요. 실제로 모든 국민이 참여할 수 있는 건 아니지만, 정부에서 국민 누구나 참여 가능하다고 홍보하고 있어서 제가 자세한 내용을 확인해 봤습니다. MoneyMaker FX EA Trading...
FX option expiries for 26 June 10am New York cut
There aren't any major expiries to take note of for today. However, there might be a few to be mindful about later in the week especially as we head into month-end and quarter-end trading.For now though, trading sentiment will continue to rely more on the risk mood...
Japan April leading indicator index 96.8 vs 96.8 prior
Prior 96.8Coincident index 97.3Prior 97.2There is no change to the assessment of the coincident index, still seen as "improving". And in terms of overall leading indicators, there isn't much change to the Japanese economy from March to April at least.MoneyMaker FX EA...
Dollar just a touch lower ahead of European trading
The risk rotation play last week was a key theme in markets and will we see that continue this week ahead of month-end and quarter-end trading? That's certainly a consideration after the flows we saw as mentioned here at the time.For now, markets seems to be taking a...
British Pound After BoE Rate Hike: GBP/USD, EUR/GBP, GBP/AUD Price Action
British Pound Vs US Dollar, Euro, Australian Dollar – Price Setups:GBP/USD is holding below stiff resistance even after surprise 50-bp move by BoE last week.Speculative long GBP positioning has jumped to pre-Covid levels.What is the outlook for GBP/USD, EUR/GBP,...