The British Services PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the services sector. Respondents are surveyed for their view of the economy and business conditions in the UK. A reading which is higher than the market forecast is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published … “GBP/USD: Trading the British Services PMI May 2015”
Category: Opinions
EUR/USD: Trading the ISM Services PMI May 2015
The ISM Non-Manufacturing PMI (Purchasing Manager Index) is based on a survey of purchasing managers in sectors other than manufacturing. Respondents are surveyed for their view of the economy and business conditions in the US. A reading which is higher than expected is bullish for the dollar. Here are all the details, and 5 possible outcomes … “EUR/USD: Trading the ISM Services PMI May 2015”
Did the market get it right on the Fed’s hike?
The Fed does not seem extremely worried of the US slowdown. This was perceived as hawkish but rate hike expectations remained low. What’s going on here? We explain everything and also discuss the upcoming market movers and shakers. You are welcome to listen, subscribe and provide feedback. State of the Fed: Blaming the weather is a game the … “Did the market get it right on the Fed’s hike?”
The ECB’s QE Prescription, And Its Side Effects –
The euro currently seems to ignore the ongoing ECB QE program and continues rising and rising. The QE program has more consequences. Here is the view from Goldman Sachs: Here is their view, courtesy of eFXnews: Low Rates in Europe are the Symptom of ‘Low-flation’: “Low, or negative, bond yields are now more the norm than … “The ECB’s QE Prescription, And Its Side Effects –”
Is This The End Of EUR-Funded Carry Trades? – Credit
With EUR/USD showing a lot of strength, it is time to ask whether one of the drivers lower has materially changed, especially as bunds have changed course. Here is the take from Credit Agricole: Here is their view, courtesy of eFXnews: EUR remains surprisingly resilient as investors worry that the ECB may taper its QE before long … “Is This The End Of EUR-Funded Carry Trades? – Credit”
EUR/USD: A Buy Signal Or A Warning Signal- JP Morgan,
EUR/USD continues defying gravity, continuing higher when other currencies slip against the dollar. Here are two different opinions on what’s next for euro/dollar: Here is their view, courtesy of eFXnews: JPM: The bears are on alert, but remain in control for the time-being. “The break above pivotal resistance at 1.1053/98 sent a first serious warning signal … “EUR/USD: A Buy Signal Or A Warning Signal- JP Morgan,”
USD/JPY: Trading the US ISM Manufacturing April 2015 outlook
The ISM Manufacturing PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the manufacturing sector. Respondents are surveyed for their view of the economy and business conditions in the US. A reading which is higher than the market forecast is bullish for the dollar. Update: A big disappointment with 51.5 points. … “USD/JPY: Trading the US ISM Manufacturing April 2015 outlook”
GBP/USD could lose ground in May – ANZ
It’s not only the elections that could make a mess out of cable, but also seasonality. The US dollar has a tendency to rise in May while GBP has a tendency to slide during this month. The team at ANZ examines seasonality for various currencies: Here is their view, courtesy of eFXnews: “Our seasonality analysis … “GBP/USD could lose ground in May – ANZ”
The Currency of the Midnight Sun
Norway has an effectively managed and efficient export economy. Norway ranks third in natural gas exports and 7th in oil exports. Norway’s oil production company, Statoil, is 70% state owned and provides the country with 30% of total export revenues. Nearly 100% of Norway’s internal power consumption is satisfied by renewable resources: over 98% from … “The Currency of the Midnight Sun”
EUR/USD broke out of wide range – is it the real thing?
EUR/USD is hugging 1.11 at the time of writing. This is above the 1.1050 level that capped its wide range trading. It already reached 1.1186 earlier in the day. The move was certainly decisive and leaned not only on the obvious USD weakness but also on some euro strength. Nevertheless, the question must be asked: … “EUR/USD broke out of wide range – is it the real thing?”