A strong start to the year for the US Dollar is set to continue, probably supported by both risk aversion and somewhat higher yields, analysts at HSBC say.
Blogs
NZ CPI Preview: Forecasts from four major banks, inflation likely to take a step downwards
New Zealand’s Consumer Price Index (CPI) report for the fourth quarter (Q4) will be released on Tuesday, January 23 at 21:45 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of four major banks regarding the upcoming NZ inflation data.
USD/MXN could head lower towards last year’s low of 16.60 – SocGen
USD/MXN reversed after briefly testing the 200-Day Moving Average (DMA).
EUR/USD dips further below 1.0850 ahead of ECB’s decision, US data
The EUR/USD dropped some 0.12% in early trading during the North American session amid an upbeat market mood.
Eurozone Consumer Confidence came in at -16.1, below expectations (-14.3) in January
Eurozone Consumer Confidence came in at -16.1, below expectations (-14.3) in January
USD's move higher should now start to see greater resistance – TDS
The risk-reward is tilted back towards fading the recent US Dollar strength, analysts at TD Securities say.
United States Richmond Fed Manufacturing Index registered at -15, below expectations (-7) in January
United States Richmond Fed Manufacturing Index registered at -15, below expectations (-7) in January
United States Redbook Index (YoY) up to 5.2% in January 19 from previous 5%
United States Redbook Index (YoY) up to 5.2% in January 19 from previous 5%
EUR/USD will make a new lower cyclical high at some point this year – SocGen
EUR/USD continues to track shorter-dated yields. Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes the pair’s outlook.
Stocks: Another record high, yet correction may be coming
Trading position (short-term, my opinion; S&P 500 futures contract): In my opinion, the short-term outlook is neutral, and no positions are currently justified from the risk/reward point of view.