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  • Article / 25 minutes ago

    FX Update: Incoming data to drive USD action

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Update: Incoming data to drive USD action
    Yesterday’s Chicago PMI was a weak one – will this have any bearing on today’s ISM Manufacturing release? Meanwhile, today’s ADP payrolls data and Friday’s employment report are key inputs on the odds of timing the Fed’s first rate hike.
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  • Article / 3 hours ago

    3 Numbers: Upbeat Spanish manufacturing PMI; US ADP jobs; US industry

    editor/analyst / CapitalSpectator.com
    United States
    3 Numbers: Upbeat Spanish manufacturing PMI; US ADP jobs; US industry
    Spain is a bright spot for the Eurozone, and today's Manufacturing PMI should signal continued economic growth. In the US, the ADP release for private payrolls in March is expected to reveal a solid gain of 230,000 jobs – a modest improvement over February’s 212,000 rise. But in contrast to the encouraging news on employment, today’s ISM release may reveal signs of a troubling deceleration in US manufacturing.
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  • Editor’s Picks / 6 hours ago

    Farewell Aussie and Kiwi dollars, welcome Anzac currency?

    The Sydney Morning Herald
    In 2000, New Zealand prime minister Helen Clark suggested that a shared currency was inevitable. In 2007, John Key hinted that the idea was worth pursuing. Four years later, Australian prime minister Julia Gillard did too, and it could yet eventuate. Clearly there is a strong argument for an Anzac dollar, including the end of transaction costs. A trans-Tasman dollar would strengthen the historical unity between the two countries, bolstering economic co-operation. If 19 disparate European nations can adopt a common currency, then why can't two near neighbours with shared values and close trade and sporting ties do the same?
    Read article on The Sydney Morning Herald
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    5h
    davidgreidel davidgreidel
    This comment has been redacted
  • Editor’s Picks / Yesterday at 21:32 GMT

    China eases housing tax, loan rules to fight downturn

    Nikkei Asian Review
    China has courted home buyers with a tax break as it cut downpayment requirements for the second time in six months, stepping up a fight against sliding house prices imperiling the economy. The People's Bank of China said banks can now lower their minimum downpayment requirement for buyers of second homes, and with outstanding mortgages, to 40% from 60% previously. The policy sweeteners confirmed rumours that authorities were increasing support for the flagging real estate sector. But some doubted the measures would spark a turnaround. An economist at JPMorgan said that he expected that the housing market correction would continue, but at a relatively modest pace.
    Read article on Nikkei Asian Review
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  • 8h
    Michael O'Neill Michael O'Neill
    Thanks John Did you see the Liberals announced that they beat their budget target. Instead of not running a 13 bio deficit, it's only...
    8h
    yuiyui yuiyui
    lol excited eurusd traders...so basically not a lot of direction for CAD, eh?...
    8h
    Michael O'Neill Michael O'Neill
    Not a lot of direction, for sure, but a decent trading range.
  • Calendar event / Yesterday at 14:00 GMT

    US Consumer Confidence Index

    forecast
    actual
    Med Consumer Confidence Index
    96.8
    101.3
    Med Expectation Index
    Med Present Situation Index
  • Article / Yesterday at 11:31 GMT

    Nothing rotten with the krone in Denmark

    Nothing rotten with the krone in Denmark
    Investors have been flocking to the Danish krone after the CHF peg to the Euro was abolished in January. The Danish Central Bank, Nationalbanken, defended the currency vigorously. Yesterday's treasury sale suggests that this policy worked. Let's have a look at why the case of the DKK is different to the one of the CHF and why the DKK peg to the EUR is not going to be dropped.
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