Tag Archives: commodities

1 May: Euro firm after solid EU data. All eyes now on the Fed/FOMC Meeting later today. EU May Day holiday today.

  Markets have been mostly choppy/sideways on Tuesday although the Euro is firmer after some positive data from across the EU. The Eurozone Q1 GDP beat market expectations (+ 0.4% qq, vs expectation of 0.3%, and previous Q4 +0.2%), and in particular, both Italy and Spain, beat expectations. At the same time the EU unemployment rate (7.7%) dropped… Read More »

30 Apr: A quiet session while waiting on the FOMC (Wed) & NFP (Fri). China Mfg PMI ahead; EU Q1 GDP later.

  It has been a steady but mostly positive start to the week, with traders mostly on the sidelines while awaiting Wednesday’s FOMC Meeting and the Friday’s NFP outcome. The US$ is slightly softer but well within its defined ranges against all the other majors, while stocks are pretty much flat and yields mildly firmer. Commodities are mixed,… Read More »

29 Apr: Strong GDP, but soft inflation figure, fail to inspire markets. FOMC, BOE & NFP in focus this week.

  Despite the US GDP showing a strong Q1 growth report on Friday, the dollar was unable to make any progress because the reading was overshadowed by soft inflation data. While Q1 GDP increased at an 3.2% annualised, well above expectations of 2.0%, the core personal expenditure consumption price index increased at only a 1.3%, versus 1.8% in… Read More »