Posts Tagged ‘germany’
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US Dollar Hits Resistance Ahead of ISM Manufacturing Data

by Christopher Lemieuxon June 2, 2014 12:15 pm GMT
The US dollar was propped up in early trade after a series of less than expected European data. The collective manufacturing PMI for the eurozone ticked lower, while consumer prices continue to pressure the euro. German consumer prices will be released today, tentatively. While analysts are looking from an increase of .1 percent from negative .2 percent, there […]

EURUSD Reaching Triangle Apex in Early Trade

by Christopher Lemieuxon February 26, 2014 8:18 am GMT
EURUSD is holding gains after yesterday’s report of the US consumer confidence gauge came in lower than expected at 78.1, lower than the 80.2 analysts forecasted. Last month’s figures were revised down from 80.7 to 79.4, so the market is watching important economic data erode out of the United States, which was supposed to lead […]

German Ifo Business Climate Higher than Expectations

by Christopher Lemieuxon November 22, 2013 9:38 am GMT
The German Ifo business climate print came out higher than estimates at 109.3 versus estimates of 107.9. Business sentiment remains stronger in Europe’s largest economy. The Ifo institute surveyed 7K businesses to determine a sense of sentiment across the nation. “Germany is fundamentally strong, not just thanks to its exports but in particular because domestic […]

US Treasuries Fall with European Bonds

by Christopher Lemieuxon November 8, 2013 7:20 pm GMT
The markets were shocked with the continued stream of positive data today, with the exception of the University of Michigan consumer confidence number. US treasuries fell alongside the European bond market as demand for fixed-income assets decline. The US 10Y treasury climbed 14 bps to hit 2.74 percent, roughly 11 bps below the target of […]