Nonfarm Payrolls probably surged again in July – TDS
Previewing next week’s key macroeconomic data releases from the US, TD Securities analysts said they expect Nonfarm Payrolls to surge again in July, “with the pace up a bit from … Read More
Tag: Banks
Downside to accelerate below 0.8472 – MUFG
Analysts at MUFG Bank, see a trade idea in shorting the EUR/GBP cross with a target at 0.8350 and a stop-loss at 0.8670. They point out the positive evolution of … Read More
ECB to ease further in December even as economy improves – Wells Fargo
Recent data showed the Eurozone economy performed above expectations during the second quarter. Analysts at Wells Fargo explained data the latest report showed the positive momentum continued at the beginning … Read More
GDP rebound in June, after falling again in May – CIBC
Data released on Friday showed the Canadian economy contracted further in May. Analysts at CIBC point out containment measures necessary to curb the third wave of COVID-19 took a further … Read More
Transition to discretionary spending underway – Wells Fargo
The personal income and spending report showed a larger than expected number, while the inflation indicator came in below market consensus. Analysts at Wells Fargo see a transition to discretionary … Read More
BoE meeting unlikely to provide a strong direction for GBP – TDS
Next week, the Bank of England (BoE) will have its monetary policy meeting. No change is expected. According to analysts from TD Securities, the outcome should not offer a strong … Read More
Recovery will continue, despite Delta variant – Rabobank
The Eurozone registered a GDP growth of 2% during the second quarter after two quarters of contraction. The reopening of Eurozone economies since end Q1/early Q2 has spurred economic activity, … Read More
Downside momentum persists – Commerzbank
EUR/CHF is now focused on the 1.0741/36 band amidst the current downtrend, noted Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank. Key Quotes “EUR/CHF is grinding lower but … Read More
Fed kept the steady hand… opens the door to QE taper – UOB
Senior Economist at UOB Group Alvin Liew assesses the latest FOMC event (Wednesday). Key Takeaways “The Federal Reserve as widely expected, kept its policy parameters and asset purchase programme (QE) … Read More
USD/CNH moved back to the 6.4400-6.5000 range – UOB
FX Strategists at UOB Group now see USD/CNH returning to the previous consolidative stance, likely within the 6.4400-6.5000 range. Key Quotes 24-hour view: “The sharp and rapid drop in USD … Read More