The euro softened following Draghi’s talk
Unsurprisingly Mario Draghi tried to talk down the euro over the week end when he was meeting with the IMF and World Bank giving yet further indication that he will …
Read MoreDaily Look
Covering of dollar shorts could be seen towards the
This will be seen as the week that the dollar bulls were put back into their box. The dollar index is now 1% below the average seen so far this …
Read More
Back to the start line
The dollar has now completed a full reversal of the gains seen mid-March to early April, with the market’s interpretation of messages from the US Federal Reserve accounting for most …
Read More
FOMC Meeting Minutes On Tap – Focus Shifts to Interest
Equity markets staged a moderate rebound yesterday, managing to claw back some of the wash-out seen over the past few days, despite the USDJPY carry trade continuing to collapse with the pair …
Read More
Markets await the Fed minutes
The divisions that we highlighted yesterday have continued overnight, with emerging market currencies pushing ahead, with the Aussie also firmer and making new highs for the year. This at a …
Read More
BOJ waiting game
In terms of currencies that have defied expectations so far this year, the yen is probably second to the Australian dollar. The start of the year was characterised by expectations …
Read More
Risk appetite returns
What the Eurozone does about an inflation rate of 0.5% was not resolved last week after the ECB meeting, but we are likely to see the debate continue into this …
Read More
All Eyes on the Non-farm Payroll Report
There was little in the way of change from the ECB yesterday, certainly from the action side of things, but also in their expectation that inflation will return to the …
Read More
Markets look to Draghi for clues of euro direction
The euro had been stubbornly rising throughout the past few days even in the face of lower inflation and GDP data, but yesterday for the first time this week it …
Read More
Positive Manufacturing PMIs boost the euro
The manufacturing PMIs across the Eurozone all came in just above expectations which provided the single currency with continued support. This sort of data goes someway to justify Mario Draghi’s …
Read More