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European Session – Dollar hits 3-month high vs yen as pound tumbles

Posted on October 25, 2016 at 2:58 pm GMT

Risk appetite increased further in Tuesday’s European session as better-than-expected survey data out of Germany underlined the improving economic outlook for the Eurozone as well as for the global economy. Germany’s Ifo business climate index rose to a 2½-year high of 110.5 in October, beating forecasts that it would stay unchanged at 109.5. The Ifo current conditions and expectations indices also increased to 2½-year highs and were significantly above consensus estimates. German and Eurozone business sentiment had taken a hit [..]

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Eurozone business confidence jumps in October but euro capped below $1.09

Posted on October 25, 2016 at 11:36 am GMT

Business confidence is on the rise across the Eurozone according to the latest survey data from Markit and Germany’s Ifo Institute. Flash PMI readings out yesterday showed Eurozone economic activity expanding at the fastest pace in 10 months, while the Ifo’s survey for Germany showed business sentiment was at a 2½-year high. The Eurozone’s manufacturing and services sectors both performed strongly in October, rebounding from a mild slowdown during the summer months. Uncertainty surrounding Britain’s decision to leave the EU [..]

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Week Ahead – Hopes high for BoJ stimulus; FOMC and Q2 GDP also eyed

Posted on July 22, 2016 at 1:48 pm GMT

Expectations have been mounting that the Bank of Japan will launch fresh stimulus measures next week but the Fed will likely stay put. It will also be busy on the data front for Japan and the US, while second quarter GDP data for the Eurozone, the UK and the US should also attract attention. Will the BoJ pull the trigger? Starting the week on Monday, trade figures for Japan are expected to show a further deterioration in exports in June. [..]

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Week Ahead – Busy week for PMI and GDP data; Fed speakers also eyed

Posted on May 20, 2016 at 12:55 pm GMT

Preliminary PMI readings for the Eurozone will be among the main data releases of the coming week along with second estimate GDP for the first quarter for the UK, the US and Germany, as well as Japanese inflation. The US calendar will be the busiest with housing data and durable goods orders also due. However, upcoming speeches from several Fed officials could attract more attention given the recent strong signals coming from the Fed lately on a possible June/July rate hike. [..]

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IFO index misses estimates, shows German economy steady; euro unmoved

Posted on April 25, 2016 at 10:09 am GMT

The release of the German IFO business confidence index for April was the main economic news piece of the European session.  There was a slight drop in the current conditions index, but a rise in the business expectations component.  Taken together, this resulted in a slight drop of the headline business climate index, as the drop in current conditions was a little more serious than the rise in expectations. Following a significant drop in expectations during January and February – [..]

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Week Ahead – Fed and BoJ to set the tone; RBNZ and preliminary GPD also eyed

Posted on April 22, 2016 at 12:44 pm GMT

It will be a busy seven days in the coming week as the Fed and the Bank of Japan hold their respective monetary policy meetings. The US and Japan will also dominate the economic calendar with some key indicators expected next week, while UK GDP, Eurozone flash inflation and the RBNZ’s policy meeting will also be watched. Eurozone inflation in focus post ECB German Ifo data will start the week on Monday and after this week’s disappointing Markit PMI surveys, [..]

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Week Ahead – Eurozone PMI and UK, Japan inflation to dominate in quiet week

Posted on March 18, 2016 at 3:56 pm GMT

After an intense two weeks of central bank activity, it will be a relatively quieter week ahead of the Western Easter break. Along with Eurozone flash PMI, inflation data for the UK and Japan will be the main data to watch over the coming seven days. Starting the week will be housing data for the United States. Existing home sales are due on Monday and are forecast to show a 2.9% decline over the month in February. New home sales [..]

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Mid-European session – Euro dips below 1.10 dollars after weak German Ifo

Posted on February 23, 2016 at 11:43 am GMT

Yesterday’s risk rally faded today and European stocks followed Asia to open lower on Tuesday. Oil prices were around 2% lower, while gold was up 1%. The US dollar was mixed as it fell against the yen but was firmer against the euro. The greenback dipped below 112 yen several times before rising just above it in mid-European session as risk-off sentiment boosted the yen. The euro continued its descent against the Japanese currency and was last at 123.30 yen [..]

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Week Ahead – Eurozone and US data to dominate quiet week

Posted on February 19, 2016 at 1:24 pm GMT

Eurozone and US data will dominate the coming week as other nations enjoy a lighter calendar for economic releases for the next seven days. Japanese inflation and the G20 summit in China at the end of the week will also be eyed. Starting the week on Monday will be the flash PMI readings for the Eurozone for February. Manufacturing PMI for the Eurozone is expected to show activity slowing for a second straight month, coming in at 52.0 in February [..]

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German confidence data points to weak start to the year

Posted on January 25, 2016 at 12:20 pm GMT

The Ifo business sentiment survey in Germany pointed to weakened growth at the start of 2016 as all three indicators of the survey declined in January. The Ifo business climate index dropped to 107.3 from a downwardly revised 108.6 in December and fell short of expectations of 108.4. The current conditions index, fell marginally to 112.5 from 112.8 and was below forecasts that it would stay unchanged. Meanwhile, the Ifo expectations index, which measures the outlook for the future, also [..]

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