German ZEW Economic Sentiment, US Building Permits, Glenn Stevens’s speech, UK employment data, US Crude Oil Inventories, Eurozone rate decision, US Philly Fed Manufacturing Index and Unemployment claims. These are the highlights of this week. Eurozone German ZEW Economic Sentiment: Tuesday, 10:00. German business climate increased in March despite global slowdown, amid stronger consumer sentiment. The ZEW index rose to 4.3 points from ...
"EUR/USD has bought into fading ECB-Fed policy divergence after the ECB largely gave up the fight for euro depreciation and following recent dovish Fed comments. With positioning now much lighter in terms of short EUR/USD bets, we are probably entering a period in which relative rates could increasingly play a role again, and with a mere 50/50 pricing of a September Fed hike, and the ECB once again challenged on its mandate by market inflation expectations, ...
Credit Suisse’s Brexit ban is a display of neutrality its clients should cheer Most multinational investment banks with European headquarters in London should want the UK to stay within the EU. An exit would mean higher short-term costs, and might force them to relocate some staff to another European country, in order to ensure international clients have full access to the single market. Yet overt partisanship could unnerve certain clients ...
Forecast for The Week - levels for EUR/USD EUR/USD: bullish with 1.1411 key resistance. Daily price is on primary bullish trend located to be above 100-day SMA and 200-day SMA: the price is trying to break 1.1411 key resistance level for the bullish trend to be continuing. if the price breaks 1.1411 resistance so the primary bullish trend will be continuing;if the price breaks 1.1143 support level so the reversal of ...
Week Ahead: USD Upside Risk Into Payrolls, Sell AUD Rallies USD – Next week’s business activity and payrolls data should keep Fed rate expectations and the USD supported. EUR – We do not expect incoming inflation data to have any meaningful impact on rate expectations and the EUR. CAD – Growth data is unlikely to trigger bigger changes to rate expectations and the CAD. We expect oil price developments to remain key. ...
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