PCE inflation to decide dollar’s fate
Jun 01, 2015 12:03 pm UTC| Insights & Views
Dollar has started the week in stronger footing, as most of the major counterparts retreated against dollar amid risk aversion arising from Greece negotiation and Italian election outcome. Euro is down 0.55%, Pound is...
Bund awaits CPI reading from Germany
Jun 01, 2015 11:34 am UTC| Insights & Views
Bund has broken above its recent range has been gradually moving up, pushing yields lower. Today next set of tests lies for bund traders as preliminary readings will be released from Germany. Past trends - In January...
UK Manufacturing PMI indicates economic slowdown; Sterling under pressure
Jun 01, 2015 11:20 am UTC| Insights & Views
The GBP/USD has been slid to 0.44% to 1.5200 from around 1.5268 after manufacturing PMI data printed at 52.0 which is below forecast at 52.7 level.The sterling dipped to a new three weeks lows against the dollar on earlier...
Chinese PMI casts doubts on policymakers’ confidence
Jun 01, 2015 10:39 am UTC| Insights & Views
Chinese policymakers have defended their growth target of 7% this year, even in the face of weaker economic releases and IMF downgrading Chinas growth estimate to 6.8%. Todays PMI release showed that nothing much has...
Jun 01, 2015 10:29 am UTC| Insights & Views
Technical watch: (USD/BRL)The pair on weekly chart trading near lower trend line at 3.1745 which is to form as a significant.If this level breaches on a closing basis, then next critical support is seen at 3.0652.We...
Underperforming Brazil keeps BRL at stake
Jun 01, 2015 10:05 am UTC| Insights & Views
Current account balance to GDP ratio does not seem to improve in 2015: Earlier data announcements in April show that Brazils current account balance has improved slightly in dollar terms. But, it seems to be paused at that...
Italy’s election outcome pushes yield higher, euro lower
Jun 01, 2015 09:59 am UTC| Insights & Views
The week started with nervousness, as outcome from Italys election spooked market participants. Euro, which closed last Friday on stronger footing, facing tough headwinds today. Matteo Renzi, the Italian prime minister,...
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