Eurozone February Sentix investor sentiment -8.0 vs -12.8 expected
Euro area investor morale rises for a fourth straight month to its highest since March last year. Sentix notes that this signals that a recession is “off the table” for the time being. The expectations index also improved further to -6.0 from -15.8 in January, to its highest level since February last year. Source link
UMich final January consumer sentiment 64.9 vs 64.6 expected
Prelim was 64.6 Prior was 59.7 Current conditions 68.4 vs 68.6 prelim Expectations 62.7 vs 62.0 prelim 1-year inflation 3.9% vs 4.0% prelim (4.4% prior) 5-10 year inflation 2.9 % vs 3.0% prelim (2.9% prior) These inflation numbers will be welcomed by the Fed and the market. We’ve seen a few times where the final […]
XAU/USD slips below $1930 after US PCE and UoM Consumer Sentiment
US Dollar climbs as the Federal Reserve preferred gauge for inflation, with core PCE creeping lower. According to the University of Michigan (UoM) poll, US consumers’ inflation expectations edged lower. Gold Price Analysis: The rally from $1,616.71 to $1,949.16 could end, as a doji emerged in the weekly chart. Gold price falls for the second […]
BoE & Fed to Dictate Pound Sentiment
POUND STERLING ANALYSIS & TALKING POINTS More certainty around BoE leaves USD factors more interesting by means of Fed guidance (Jerome Powell). U.S. economic data including NFP and ISM to clarify the picture moving forward. Will the rising wedge strike again? Recommended by Warren Venketas Get Your Free GBP Forecast GBP/USD FUNDAMENTAL FORECAST: BEARISH Trade […]
U.S. consumer sentiment strengthens in final January reading
The numbers: U.S. consumer sentiment improved in late January to 64.9, according to the University of Michigan’s gauge of consumer attitudes. This added 5.2 index points from 59.7 in December and was up from the initial January reading of 64.6. Economists surveyed by The Wall Street Journal had forecast an unchanged reading of 64.6. Key […]
German ZEW January data underpins Euro sentiment as energy crisis risks abate
Incoming data on the German economy continues to install confidence to Euro longs. After PMI and ZEW, the positive series was updated by the Ifo report, which indicated an improvement in the prospects for the German economy. In January, the index was 90.2 against 88.6 in December and returned to the levels of mid-2022:While the […]
Germany February GfK consumer sentiment -33.9 vs -33.0 expected
Prior -37.8; revised to -37.6 This marks another improvement (four straight months now) in German consumer morale for the month ahead but the reading remains deeply in negative territory, so that’s still something worth noting. GfK notes that “falling energy prices have ensured that consumer sentiment is less gloomy” but warns that private consumption will […]
German ZEW Economic Sentiment Index rebounds to 16.9 in January vs. -15.5 expected
Economic sentiment in Germany and the Eurozone unexpectedly turned positive in January. EUR/USD remains unimpressed by the upbeat ZEW surveys, keeping its range around 1.0815. The German ZEW headline numbers showed that the Economic Sentiment Index returned to positive territory, arriving at 16.9 in January from -23.3 in December, beating the market expectation of -15.5. […]
US dollar: bearish sentiment still prevails despite major decline
After falling last week by 2% to 101.80, the dollar index rebounded on Monday amid no visible bearish catalysts to push lower. The rebound could be also facilitated by the fact that the price has reached the lower bound of the bearish channel:From a technical point of view, upside USD correction after the significant drop […]
Australian Dollar Buoyed by Sentiment as China Moves into Focus. Higher AUD/USD?
Australian Dollar, AUD/USD, US Dollar, Iron Ore, China, Japan PPI, USD/JPY – Talking Points The Australian Dollar found support while the US Dollar slid lower The markets are focussed on the China re-opening story but there might be hurdles If commodity prices keep going north, will AUD/USD benefit? Recommended by Daniel McCarthy Get Your Free […]