Blueprint FX Desk
Blueprint Capital
Market Focus Today
EUR Euro-Zone Finance Ministers Meeting
U.S. Durable Goods Orders
Expect High Volatility in
EURUSD
News Roundup
HIGH: EURO-ZONE
Euro-Zone finance ministers are currently arriving for their meeting in Riga this morning, to see what are the remaining options for Greece. However, both Schaeuble and Dijsselbloem, the respective finance ministers from Germany and the Netherlands, have already come out and stated that they do not expect much progress on Greece at the meeting. If this is true, it would rekindle concerns of a Grexit and a default on their debt - therefore the emphasis is on Mr Tsipras, who is increasingly short of options, to be more constructive.
MEDIUM: UK
Hedge funds bullish on sterling. Large bets are being placed by fund managers on the value of the pound rising after the general election, which is contrary to the prevailing view in the market, with some even suggesting any outcome would be negative for the pound. This consensus view is that an SNP-Labour coalition would be bad for business, with proposed caps on retail banks’ market shares and other reforms, which could affect the City. However, even if a Conservative government is re-elected, a promise for a Euro-Zone referendum could also cause uncertainty within the markets, adding to the lose-lose mentality.
This document is exclusively for the use of the person to whom it has been sent by email from Blueprint Capital Limited. The client will have been classified prior to as a private or an intermediate client. This communication has been prepared solely for information and data purposes and is not intended as an Invitation or Inducement with respect to the purchase or sale of any financial instrument. This communication should not be regarded as a substitute for the exercise by the recipient of its own judgment. Any reliance placed on the communication is at the reader’s risk. Information and opinions have been obtained from sources believed to be reliable but no representation is made to their accuracy. © Blueprint Capital Limited. No copy can be taken without prior written permission.
Recommended Content
Editors’ Picks
How will US Dollar react to Q1 GDP data? – LIVE
The US' GDP is forecast to grow at an annual rate of 2.5% in the first quarter of the year. The US Dollar struggles to find demand as investors stay on the sidelines, while waiting to assess the impact of the US economic performance on the Fed rate outlook.
EUR/USD holds gains above 1.0700, as key US data loom
EUR/USD holds gains above 1.0700 in the European session on Thursday. Renewed US Dollar weakness offsets the risk-off market environment, supporting the pair ahead of the key US GDP and PCE inflation data.
GBP/USD extends recovery above 1.2500, awaits US GDP data
GBP/USD is catching a fresh bid wave, rising above 1.2500 in European trading on Thursday. The US Dollar resumes its corrective downside, as traders resort to repositioning ahead of the high-impact US advance GDP data for the first quarter.
Gold price edges higher amid weaker USD and softer risk tone, focus remains on US GDP
Gold price (XAU/USD) attracts some dip-buying in the vicinity of the $2,300 mark on Thursday and for now, seems to have snapped a three-day losing streak, though the upside potential seems limited.
XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger
Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP.