US: Relatively lighter week ahead

10 November, 2015

Research Team at BNZ, suggests that it’s a less busy week as far as US data is concerned.

Key Quotes

“The NFIB small business optimism index for October is the first key release on Tuesday. After several second tier reports mid-week, it’s pretty scarce as far as key US economic reports are concerned with the JOLTs job openings report for September, retail sales for October, PPI (also October), as well is the preliminary November reading from the University of Michigan consumer sentiment survey. This will be an interesting survey for two reasons: first, very initial reaction of consumers to ramped up expectations for a rate hike in December and second whether there’s been any recent change in consumers’ medium to longer term inflationary expectations which in October pushed down to a lower in this cycle of 2.5%. It’s an indicator the Fed watches closely.”

“There are yet more Fed speakers scattered through the week including Fed presidents Rosengren, Bullard, Lacker (a dissenter at the last FOMC voting for a rate hike) Evans, Dudley, and Mester all speaking on the economy and/or monetary policy.”


Source link  
Dollar rebounds from multi-month lows

The greenback selling pressure seems to have abated for the time being, with the key US Dollar Index (DXY) bouncing off 9-month lows...

EUR/GBP jumps to fresh yearly tops

The EUR/GBP cross was seen building on previous session's strong up-move and has now jumped to fresh yearly tops near 0.8875...

USD: Fed being a little more hawkish

The dollar picked up over the past week, and this continued to be in reaction to a Fed that is being a little more hawkish...


EUR sluggish in recent weeks

EUR has also been surprisingly soft in light of the convincing win by French President Macron...

EUR/USD sinks to session lows

The single currency is now losing the grip vs. the buck, sending EUR/USD to test the area of daily lows in the 1.1240/30. Spot met extra downside pressure...

Euro is consolidating below the 1.1300

In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair still points to some consolidation...


Dollar Index rebound looks plausible

In view of the analysts at Societe Generale, the Dollar Index correction appears to have come...

Oil closed strongly

Oil prices rallied after the EIA weekly report showed gasoline inventories declined the most at this time of the year for at least five years. Stocks dropped 3.26 million barrels to 238.2 million barrels. The market was also buoyed by a fall in US oil production, down 55kb/d to 8.46mb/d last week...

Gold hovering around 3-week high

Gold on Wednesday traded in a narrow band but maintained its bid tone and is hovering around 3-week high level touched on Tuesday to currently trade around $1364 region...

  


Share: