All
  • All
  • Articles
  • Squawks
  • Trade views
  • Must reads
  • Videos
  • Calendar
Views
Write a Squawk
No posts
  • Article / 2 hours ago

    FX Noon: Apparently the week in FX is all back loaded, so we wait...

    Director / Accumen Management
    United Kingdom
    FX Noon: Apparently the week in FX is all back loaded, so we wait...
    German retail sales data was ever so healthy this morning, while the Reserve Bank of Australia sat on its hands overnight. Otherwise it’s been another one of those horribly quiet market days in the absence of any real news or flows to influence price action. This afternoon only sees us looking out for CADGDP as data of any real note and the risk here is for a softer print giving CAD bears further impetus to sell more of the Loonie.
    Read the article
  • Calendar event / 3 hours ago

    CA Monthly GDP

    forecast
    actual
    High GDP, Quarterly
    +2%
    +2.4%
    Med GDP, Monthly
    +0.3%
    +0.3%
    Med Imports, Q/Q
    +0.4%
    Med Exports, Q/Q
    -0.4%
    Med Business Inventories
    8.017B
    Med Domestic Demand, Quarterly
    +0.4%
  • Calendar event / 3 hours ago

    CA Quarterly GDP

    forecast
    actual
    High GDP, Quarterly
    +2%
    +2.4%
    Med GDP, Monthly
    +0.3%
    Med Exports, Q/Q
    -0.4%
    Med Imports, Q/Q
    +0.4%
    Med Business Inventories
    8.017B
    Med Domestic Demand, Quarterly
    +0.4%
  • Article / 8 hours ago

    FX Update: USD bulls still waiting for traction

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Update: USD bulls still waiting for traction
    The RBA failed to cut overnight and AUDUSD squeezed back higher. Meanwhile, USDJPY couldn’t maintain the 120.00 level and EURUSD refuses to push lower after last week’s swoon. The USD needs to get something going or we risk another squeeze on bulls losing confidence.
    Read the article
  • Squawk / 8 hours ago
    Head of Macro Strategy / Saxo Bank
    Denmark
    Another solid labour market report from Spain:

    It should be no surprise by now that I view the Spanish economy favourably compared to the other three of the 'big 4' in the euro area, Italy and France in particular.

    The labour market certainly continues to do well. A fresh report for February shows a decline in unemployment of 13,500 while consensus had looked for a drop of 2,900. In January unemployment rose by 78,000. This series is not seasonally adjusted so we compared YTD instead. In 2015, unemployment rose by 64,000 in Jan-Feb compared with 111,000 in 2014 and 191,000 in 2013. A notable improvement.

    The employment series on the other hand is seasonally adjusted, and it shows an increase of 84,000 or 0.5% m/m. This translates into 2.8% y/y; in comparison US nonfarm payrolls are up by 2.4% from a year ago.

    I expect the Spanish economy to grow at least 2% this year - and possibly closer to 2.5% due to added tailwinds from weaker currency and energy prices.
    Read the Squawk
  • Calendar event / 9 hours ago

    CH GDP

    forecast
    actual
    Med GDP QoQ
    +0.6%
    Med GDP YoY
    +1.8%
    +1.9%