Hong Kong SAR Consumer Price Index remains unchanged at 1.7% in January

EUR/USD looks to ECB for near term direction – Danske Bank

Jakob Christensen, Chief Analyst at Danske Bank, sees the single currency under pressure ahead of the ECB event later today. Key Quotes “The Fed minutes last night failed to move USD much and while the dollar has seen tentative signs of support from tighter USD liquidity, in order to chang ...

GBP/USD stays neutral, door open for a test of 1.3764 – UOB

In opinion of FX Strategists at UOB Group, Cable keeps the neutral bias and a test of the vicinity of 1.3760 is not ruled out. Key Quotes 24-hour view: “GBP traded in a choppy manner yesterday, swinging from a low of 1.3905 to 1.4008 before plummeting back down to the current level of 1.3915 ...

EUR/USD offered below 1.2340/71 – Commerzbank

In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair remains directly offered when trading below the 1.2340/71 band. Key Quotes “EUR/USD continues to weigh on the downside following its failure move to a new high. The new high has been accompanied by a divergenc ...

Is there a Multilateralism that the US could Like? – BBH

Among the first acts on trade by the new US Administration was to withdraw from the Trans-Pacific Partnership multilateral trade pact and Trump's opposition to TPP was well-known, but less appreciated by his critics, is that the two leading Democrat candidates for the presidency in 2016 wer ...

Switzerland Industrial Production (QoQ): 8.7% (4Q) vs 8.6%

UK: Focus on the expenditure side of the GDP accounts – Nomura

Analysts at Nomura suggest that in the absence of any revisions to the headline rates of growth (0.5% q-o-q and 1.5% y-o-y) the focus in the second estimate of GDP for UK will be on the expenditure side of the accounts. Key Quotes “Consumer and investment spending growth will be focal point ...

US Dollar clings to gains above 90.00, Fedspeak eyed

DXY managed to break above the 90.00 mark post-FOMC. US 10-year yields climbed to multi-year tops near 2.96%. USD vigilant on ECB minutes and Fedspeak later today. The greenback, in terms of the US Dollar Index (DXY), keeps the upbeat mood so far this week and is now looking to consolidate th ...

Switzerland Industrial Production (YoY): 19.6% (4Q) vs 5.5%

When is the UK GDP and how could it affect GBP/USD?

UK Q4 GDP Overview The UK docket sees the Q4 GDP revision, which will be published later this session at 0900 GMT. The second estimate of the United Kingdom GDP is expected to confirm a 0.5% growth in the fourth quarter of 2017. The annualized reading is also expected to show that th ...

Gold sits at over 1-week lows amid firming Fed rate hike expectations

   •  Hawkish FOMC minutes prompt fresh selling on Wednesday.    •  Strong USD continues to add to the bearish pressure.    •  Risk-off mood lending some immediate support. Gold remained under some selling pressure for the fift ...

EUR/GBP between Brexit and the BoE – Danske Bank

Chief Analyst at Danske Bank Jakob Christensen assessed the prospects for the European cross in the next months. Key Quotes “EUR/GBP increased slightly on the back of the higher UK unemployment rate and weak employment growth released yesterday”. “However, the market is stil ...