Noel
XE Market Analysis: Europe - Sep 17, 2020
EUR-USD edged out a five-day low at 1.1829, extending the retreat from yesterday's 1.1901 six-day peak. Expectations for the Fed to present upward revisions to U.S. economic projections at the conclusion of the FOMC meeting today, along with recent signs that the ECB is concerned about the euro, or
When are the German/ Eurozone flash PMIs and how could they affect EUR/USD?
German/ Eurozone flash PMIs Overview
Amongst the Euro area economies, the German and the composite Eurozone PMI reports hold more relevance, in terms of its impact on the European currency and the related markets as well.
The flash manufacturing PMI for Germany, due at 0730 GMT, is seen improving fu
US Initial Jobless Claims Preview: Improvement stalls and worry returns
Initial claims predicted to be unchanged at 1.3 million.
Continuing claims expected to drop to 17.067 million from 17.338 million.
Improvement in initial claims has stalled at more than 1 million a week.
Dollar fades on US economic concerns, European stimulus.
The three month receding trend in unem
French FinMin Le Maire: EU Summit deal is a good deal
French Finance Minister Bruno Le Maire was on the wires in the last minutes, via Reuters, expressing his content on reaching a good European Union (EU) Recovery Fund deal.
Key quotes
“EU Summit deal is a good deal.”
“EU Summit deal marks the birth of a new Europe. “
“EU Summit deal will result in a
NZD/USD keeps attacking 0.6580/85 resistance area with focus on China data
NZD/USD extends recoveries from 0.6570 to re-try breaking June month top for the third time in a week.
New Zealand’s ANZ Truckometer data suggest overall traffic is nearly back to year-ago levels.
Bulls cheer broad rally in Antipodeans amid greenback weakness and a surge in commodities.
China’s June
Dollar and Japanese yen end broadly higher on safe-haven buying
Market Review - 18/06/2020 00:00GMT
Dollar and Japanese yen end broadly higher on safe-haven buying The greenback pared intra-day losses made in Asia and European morning and ended the day higher against its major peers in New York along with the Japanese yen on Wednesday on safe-haven buying due
USD/CAD extends losses sub-1.4000, approaching 1.3900
USD/CAD extends losses below 1.4000 and hits session lows near 1.3900.
Better than expected Canadian employment data and higher oil prices supporting CAD.
FX analysts at TD Securities see the USD/CAD vulnerable while below 1.4000.
The USD/CAD maintains its negative bias for the second consecutive
Pull-up Update