OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex Flash: Euro on the back foot - Societe Generale

FXstreet.com (Barcelona) - Alvin Tan, FX Strategist at Societe Generale notes that the Euro on the back foot, after failing to get any lift from both the peripheral bond and broad equity market rallies.

He writes, “(This) Basically tells you that the market is building up expectations of ECB easing in next week's May 2 meeting. The SG economics team does not expect a rate cut from the ECB next week, but discusses other non-standard policy options in this note.” He notes that the European data slide persists and the economic data out of Europe continues to slide, and it is sliding notably worse than US data. He writes, “The deterioration in the German manufacturing and services flash PMIs for April illustrated that weakness was spreading to Germany, and it contrasted against the better-than-expected French.”

Forex Flash: RBA lacks grounds to cut rates from 3.00% – UBS

The Reserve Bank of Australia already has an easing bias and that was reinforced this morning by Q1 CPI inflation remaining low. The headline rate rose by 0.4%q/q and 2.5% YOY compared with 2.2% YoY in Q4'12. However, the underlying measures of inflation were soft.
Read more Previous

Forex Flash: Mainland Chinese markets today in focus - BBH

Brown Brothers Harriman note that there were two noteworthy articles about potential inflows into mainland Chinese markets today.
Read more Next
Start livechat