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  • Article / Yesterday at 16:55 GMT

    FX Week Ahead: USD needs to step up or risk stalling till year-end

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Week Ahead: USD needs to step up or risk stalling till year-end
    The US dollar struggled in places this past week, most notably against resurgent sterling and oil-linked currencies. Now it's time for the strong USD to step up again for further gains if bulls want to avoid it stalling from now until year-end. We would like to see a broader-based USD rally, especially against the commodity currencies, euro and the Swiss franc in the coming week.
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  • Article / Yesterday at 16:18 GMT

    WCU: Economics trump politics as Opec cuts supply

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Economics trump politics as Opec cuts supply
    Opec's agreed 1.2 million barrels/day production cut, supplemented by a 600,000 b/d reduction by non-Opec producers, has likely put a floor under the oil market, potentially around $45/barrel, but if $70/b is the target, the market may well have to wait a long time. Many questions remain, such as how well Opec members will indeed comply with the agreed cuts and how much of the non-Opec cut will really be removed from the market.
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    12h
    AndrejLences AndrejLences
    Excelle nt work. Please what day and time is the non opec meeting next week ? thank you
  • Calendar event / Yesterday at 13:30 GMT

    US U.S. Employment Report

    forecast
    actual
    High Unemployment Rate
    4.9%
    4.6%
    High Non-Farm Payrolls
    +180K
    +178K
    High Avg Hourly Earnings (USD)
    25.89
    High Avg Hourly Earnings-Net Chg (USD)
    -0.03
    High Avg Hourly Earnings, M/M%
    +0.2%
    -0.12%
    High Participation Rate
    62.7%
    Med Overall Workweek
    34.4
    Med Private Payroll
    +156K
    Med Avg Hourly Earnings, Y/Y%
    +2.5%
    Med Overall Workweek Net Chg
    0
    Med Government Payrolls
    +22K
  • Calendar event / Yesterday at 13:30 GMT

    CA Labour Force Survey

    forecast
    actual
    Med Avg Hourly Wages, Y/Y
    +1.4%
    Med Full-Time Jobs, M/M
    -8700
    Med Jobless Rate
    7%
    6.8%
    Med Labor Force, M/M
    -27600
    Med Net Jobs, M/M
    -15000
    10700
    Med Participation Rate
    65.6%
    Med Part-Time Jobs, M/M
    +19400
  • Article / Yesterday at 8:44 GMT

    FX Update: EURUSD near 2-week high ahead of key event risks

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Update: EURUSD near 2-week high ahead of key event risks
    EURUSD churned higher toward 1.0700 late yesterday and overnight, while EURGBP bounced hard as an ECB story circulated suggesting an extension of QE, but also its eventual end. Meanwhile, we have the Italian referendum over the weekend and the market very nervous about its potential to trigger euro volatility.
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    1d
    JJ123 JJ123
    Thanks - no comment on GBP in G10 currencies I see.
  • Calendar event / Yesterday at 6:45 GMT

    CH GDP

    forecast
    actual
    Med GDP, Q/Q%
    0%
    Med GDP, Y/Y%
    +1.8%
    +1.3%