US: White House Press Conference Underway Shortly
Feb-18 17:59
White House Press Secretary Karoline Leavitt is shortly due to brief reporters from the White House ...
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ECB: Vujcic of Croatia to be Next ECB VP After Latvian, Portuguese Reps Withdraw
Jan-19 17:43
- "*EUROGROUP PICKS CROATIA'S VUJCIC TO BE NEXT ECB VICE PRESIDENT" - bbg
OPTIONS: Larger FX Option Pipeline
Jan-19 17:37
- EUR/USD: Jan21 $1.1690-95(E1.6bln); Jan22 $1.1550(E1.6bln), $1.1600-05(E3.1bln), $1.1700(E2.2bln); Jan23 $1.1650(E1.2bln), $1.1700(E1.4bln)
- USD/JPY: Jan21 Y157.00-10($1.1bln), Y158.00($1.2bln), Y158.50($1.4bln); Jan22 Y156.30-40($2.3bln), Y159.00($1.1bln), Y160.00($1.0bln); Jan23 Y159.00($1.1bln), Y160.00($1.2bln)
FOREX: Steady USD Weakness Plays Out, CHF and NZD Outperform
Jan-19 17:32
- Amid the escalating tensions surrounding Greenland, and the associated threat of a renewed tariff spat between the US and Europe, markets are very much leaning towards the sell-US theme, with the dollar edging steadily lower throughout Monday’s session. Volumes across the US session have been predictably low given the US holiday, however, the DXY is approaching the APAC crossover 0.4% in the red.
- Associated gains across the G10 are being led by NZD and CHF, with the former well isolated from current geopolitical tensions and the latter benefitting from safe haven demand.
- For NZDUSD, a 0.75% advance has brought the pair back towards 0.5800, with the acute strength more notable in the crosses. EURNZD is approaching an important horizontal support at 2.0075, while AUDNZD is also testing back below 1.16 where a daily close below the 20-day EMA will be closely monitored for a greater pullback.
- USDCHF (-0.68%) slippage back below 0.8000 stands out on the day, however, the pair is merely trading back into a familiar 0.79-0.80 range from recent weeks. More notable is the bump higher for CHFJPY amid the broader risk off sentiment, as the official announcement of a Japanese election in February continues to place the spotlight on domestic politics and relatively weigh on the yen.
- Canadian inflation did little to move the CAD needle, with USDCAD weakness reflecting the broader greenback sentiment. Headline CI quickened in December reflecting the end of a temporary sales tax reduction while core price indexes moderated for a third consecutive month.
- Tuesday’s focus will turn to UK labour market data, before BOE Governor Bailey is due to testify, along with Deputy Governor Ramsden, on the Financial Stability Report before the Treasury Select committee. German ZEW and US weekly ADP are also scheduled.
