Monday, May 2, 2016 - 02:13 MNI European Morning FX Analysis 0
Euro: May2 Asia open $1.1449, range $1.1431 to $1.1481. Apr29 range $1.1348 to $1.1459 *Euro-dollar opened in Asia toward the upper side of Friday's range, where US dollar weakness was the main theme *Euro extends move to the topside in Asia, breaching NY high of $1.1459, triggering stop-losses above $1.1470, to hit a fresh 6-month high of $1.1481, before easing back to $1.1460 *Thereafter, the rate consolidated within a tight $1.1460-70 range *Market now eying European manufacturing PMI's data & US ISM PMI *Euro option expiry of note, $1.1500 for E$1.3 billion
The close above the 21-DMA ($1.1345) Thursday was followed up with an aggressive rally and bullish close Friday that sees immediate bullish...
Thursday, April 28, 2016 - 14:59 Analysis: Key June Events Landmines, To Set 2H 2016 Risk Tone 0
By Vicki Schmelzer
NEW YORK (MNI) - June is gearing up to be an important month, with a host of key events taking place that will set the risk tone for the remainder of 2016.
Following in the steps of the European Central Bank, this week has seen the Federal Reserve and Bank of Japan take a "wait and see" attitude also, leaving the market to wait until June, when the big three central banks next announce monetary policy decisions.
Thursday, April 28, 2016 - 03:13 MNI European Morning FX Analysis 0
Euro: Apr28 Asia open $1.1322 range $1.1296-1.1344.
Tuesday, April 26, 2016 - 14:35 Analysts: UK Ylds, Cable Rise As Brexit Fears Fade; Overdone? 0
By Vicki Schmelzer
NEW YORK (MNI) - UK Gilt yields and sterling have romped higher in recent sessions, as fears about the UK leaving the European Union have faded.
Analysts warned however, that just as Brexit jitters may have been overdone to the downside earlier in the year, the current euphoria may not be long lasting either.
"Sterling has rallied against both the dollar and the euro over the last week on the assumption that interventions by the UK Treasury and (U.S.) President (Barack) Obama in the Brexit debate have shifted public opinion towards remaining in the E.U.," said Samuel Tombs, chief UK economist at Pantheon Macroeconomics.