European Weekly
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February 2, 2024 10:00 AM UTC
FOMC Suggest March Easing Seen Unlikely but Q2 Remains Plausible
U.S. January Non-Farm Payrolls To Show Strong Labor Market
DXY Remains Choppy on Headlines and Geopolitical Risk
More EZ Core Disinflation Signs But Services Inflation More Stubborn
Canada November GDP looking stronger than BoC project
January 12, 2024 10:00 AM UTC
Geopolitical conflict once again seize the headline again as the U.S. and UK launched airstrikes against Houthi targets in Yemen while Australia, the Netherlands, Bahrain, and Canada supported. Dozens of targets including training and drone storage facilities were stroke with the U.S. and UK launchi
January 5, 2024 12:04 PM UTC
European morning session
The USD continued to gain ground through the European morning, edging higher across the board ahead of the US employment report, helped by generally rising yields. EUR/USD lost around 20 pips to 1.0910, while USD/JPY only gained marginally to 145.20. There were similar modest
January 5, 2024 10:00 AM UTC
FOMC minutes from December 13 show that while almost all participants expect lower rates to be seen by the end of 2024, they want forecasts to be treated cautiously at this point. Caution over easing and increased confidence that progress is being made on inflation are however both clear in the minu
January 4, 2024 11:54 AM UTC
European morning sessionThe USD fell back against the EUR, GBP and other European currencies through the European morning, with the CAD also making modest gains, but the JPY fell sharply and the SAUD edged lower. EUR/USD gained around 30 pips to 1.0955, while GBP/USD gained around 40 pips to 1.2710.
January 3, 2024 11:56 AM UTC
European morning sessionThe USD was generally firmer through the European morning, rising across the board, with gains against the riskier currencies catching up with initial USD/JPY strength. News was relatively thin on the ground, with German unemployment the only significant data. This rose slig
January 2, 2024 11:28 AM UTC
European morning sessionThe USD was generally firmer through the European morning, rising across the board. After a quiet start, the USD rose following the Eurozone data, which showed a marginal upward revision to manufacturing PMIs, while money data showed a slightly smaller than expected y/y decli
December 29, 2023 11:01 AM UTC
European session
Europe started off with a move lower on the JPY against the USD and EUR, while in contrast the CHF has moved higher against the EUR and across the board. The EUR then gained ground against the USD, partially on EUR/JPY flows. However, this is not news driven but rather flow driven
December 15, 2023 10:00 AM UTC
The FOMC has left rates unchanged at 5.25-5.50% as expected though made some dovish adjustments to the statement and to the dots. The FOMC no longer expects further tightening while the dots see 75bps of easing in 2024 rather than 50, which with the end 2023 rate 25bps lower than seen in December me