ueslilaska

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Macro Data in Europe is in a contraction with High unemployment decreasing inflation contraction ,Low Manufacturing and Business Confidence, Low consumer Spending Seasonality Suggests a Dovish move till 22 March on 5,10,15 year Market Sentiment is 37 % bearish Market Stuctructure Not Undestandable Price Going Below Ema

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Monday August 07 2023 >Germany's factory output fell a lot in June 2023, worse than expected. This happened three times this year. Car and building production dropped, but medicine production rose a lot. Making stuff for businesses fell a lot, but things for people and middle steps went up a bit. Energy production grew a little. When we don't count energy and...

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Monday July 26 2023 >US New Home sales dropped 2.5% in June 2023 to 697,000 annualized rate, lower than market consensus of 725,000. >Federal Reserve raised interest rates by 0.25%, reaching 5.25%-5.5%, as expected. This is the highest rate since January 2001. They will continue monitoring economic conditions and adjust policies if needed to achieve inflation and...

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CPI q/q 0.8% 1.0% 1.4% AUD CPI y/y 5.4% 5.4% 5.6% AUD Trimmed Mean CPI q/q 0.9% 1.1% 1.2% Fed decision 25bps hike

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>ES HCOB Manufacturing PMI 48 48.4 47.2 >IT HCOB Manufacturing PMI 43.8 45.9 44.9 >FR HCOB Manufacturing PMI Final 46 45.7 45.5 >DE HCOB Manufacturing PMI Final 40.6 43.2 41 >EA HCOB Manufacturing PMI Final 43.4 44.8 43.6 Balanc of trade Germany's trade surplus narrowed to EUR 14.4 billion in May 2023, the smallest since last December. Us Dollar >In...

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>Retail Sales MoM 0.4% 0.7% 0.4% >France's consumer price inflation decreased to 4.5% From 5.1% in June 2023, the lowest since March 2022. Energy prices dropped, while food and services costs rose at a slower pace. Inflation for manufactured products accelerated. Monthly prices increased by 0.2%. >Euro Area consumer price inflation fell to 5.5% from 6.1% in June...

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>Retail Sales MoM 0.4% 0.7%  0.4% >France's consumer price inflation decreased to 4.5% From 5.1% in June 2023, the lowest since March 2022. Energy prices dropped, while food and services costs rose at a slower pace. Inflation for manufactured products accelerated. Monthly prices increased by 0.2%. >Euro Area consumer price inflation fell to 5.5% from 6.1% in June...

ueslilaska Updated 

Tuesday June 27 2023 >ECB President Lagarde spoke at the central bank’s policy forum earlier and reiterated a hawkish perspective for rates, noting that –  barring any major changes – the bank will tighten rates again in July and that it was unlikely that policymakers would be able ‘to state with full confidence that peak rates have been reached’ anytime soon....

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Thursday June 15 2023 >Balance of Trade the Eurozone had a deficit of EUR 11.7 billion, which is less than expected. Imports fell by 11.9%, mainly due to lower purchases of raw materials and manufactured goods. Major trade partners like Russia, Norway, UK, Switzerland, China, and Turkey reduced their imports. Exports also decreased by 3.6%, with lower sales of raw...

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Despite the hot US inflation data, the greenback struggled to find demand on Friday and the US Dollar Index (DXY) ended up closing the second straight week in negative territory. The index stays relatively quiet below 106.00 on Monday as investors wait for the ISM to release the Manufacturing and Services PMI reports for July.

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UR/USD is advancing above 1.0250, extending the latest gains amid a broadly weaker US dollar and cautious optimism. The rebound in US Treasury yields fails to limit the upside in the pair. US Manufacturing PMIs awaited

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The greenback is gathering strength against its major rivals at the beginning of the week supported by rising US Treasury bond yields. The negative shift witnessed in risk sentiment is providing an additional boost to the dollar as well. February Trade Balance data and the Federal Reserve Bank of Dallas' Texas Manufacturing Survey will ve featured in the US...

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The market mood remains cautiously optimistic, as investors assess the implications of faster Fed’s tightening and tapering against the incoming encouraging news on the Omicron covid

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The market mood remains cautiously optimistic, as investors assess the implications of faster Fed’s tightening and tapering against the incoming encouraging news on the Omicron covid

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gu is struggling to find direction on Monday and continuing to move sideways around 1.1450. The dollar stays in a consolidation phase following last week's rally. ECB's Lagarde reiterated that conditions for a rate hike are very unlikely to be met in 2022.

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The dollar weakness following the disappointing September US jobs report, which showed that Nonfarm Payrolls rose by 194,000 to miss the market expectation of 500,000 by a large margin, remained short-lived. Surging US Treasury bond yields provided support to the greenback and helped it remain resilient against its rivals.

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he dollar is edging lower after rallying on Wednesday amid a taper-related increase in yields. Fed Chair Powell faces the cameras for the third consecutive day after reiterating his position that inflation should subside. Congress is still grappling with the debt ceiling after moving to avert a shutdown. US GDP and German inflation figures are eyed.

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Markets are trying to bounce and the dollar is marginally off its highs after a decidedly risk-off Tuesday. Concerns about rising bond yields, power outages in China and the looming debt-ceiling crisis continue weighing on markets. These themes and appearances from central bankers are in focus.