Forex Consulting

Eurozone Sept construction output mm 0.1% vs -0.25 prev

Eurozone Sept construction output data just out 17 Nov – yy 3.1% vs 1.9% prev up from 1.6% Better readings to throw into the mix Meanwhile GBPUSD has another test of the offers around 1.3260 but no back to 1.3248  as EURGBP remains pinned to the floor at 0.8900 with EURUSD supported above 1.1780 Copyright 2015…

Forex Consulting

Goldman Sachs 2018 outlook – soggy dollar, better euro

Goldman Sachs expects the Federal Reserve to hike rates 4 times in 2018 But say that does not necessarily mean USD strength GS cite – the previous rate hike cycle in the US (mid-2004 to mid-2006) … trade-weighted USD fell (around 7%) GS suggest that cycle may be a “good template” for the USD performance in…

Forex Consulting

Australia new vehicle sales for October flat m/m

Flat at 0.0% change m/m – prior -0.4% And for the y/y up 1.0% – prior -0.8% not much of an immediate focus but posting it up as the Australian dollar is underperforming again on this session. The USD is weaker against most others but the AUD hasn’t managed to gain. This data might be enough…