Overnight Asia/Europe • USD recovers in Asia, falls in late Europe• German ZEW better than expected, EURO rallies to new high• Cable follows EURO higher Today’s Economic Reports • 7:30 AM CDT Balance of Trade forecast -59.5B Looking Ahead • Friday CPI forecast...
Overnight Asia/Europe • USD two-sided inside established ranges• Technical trade expected Monday• UK data showing strong inflation Today’s Economic Reports • None of note in the US Looking Ahead • Overnight Tuesday German ZEW sentiment• 7:30 AM CST...
Today’s US Dollar Trading • USD has volatile day• US data no help• EURO sets another record high Overnight Preview • Traders are watching ECB closely, expect hawkish rhetoric• Book squaring likely Looking Ahead • ECB and BOE...
Today’s US Dollar Trading • USD again on the defense• US data below expectations, helped drive USD lower• Some signs of reversal developing Overnight Preview • USD likely to remain under pressure as it consolidates• Eurozone GDP out...
Overnight Asia/Europe • USD two-sided in technical trade• Equities weaker pressuring USD/JPY• Carry trade liquidation seen Today’s Economic Reports • 9:00 AM CST ISM Index forecast 49.0 Looking Ahead • Later in the week: ISM Services, ADP private payrolls, NFP and Housing numbers• Eurozone...
Today’s US Dollar Trading • USD continues decline, EURO at lifetime highs• Durables data worse than forecast• Bernake comments hint at further fed ease Overnight Preview • USD likely to remain on the defense but consolidate• Traders likely...
