Market Review - 13/09/2014 01:09GMT
Dollar hits fresh 6-year highs vs yen on upbeat U.S. data
The greenback rose to a fresh 6-year high at 107.40 in Tokyo morning on Friday after upbeat U.S. economic data. U.S. retails sales climbed to a 4-month high whilst University of Michigan consumer confidence also came in higher than market forecast.
Euro rose briefly to 1.2955 on dollar's strength after the release of U.S. retail sales data which came in at 0.6% m/m as expected. Price later retreated briefly to 1.2910 but only to rise again to 1.2980 (Reuters) after the release of stronger-than-expected University of Michigan sentiment which rose to 84.6 versus economists' forecast of 83.3.
ECB President Mario Draghi said ECB balance sheet expected to move towards size it had at start of 2012; ECB stands ready to take further action to maintain price stability; fiscal consolidation shud not be unraveled; EU budget rules have acted as an anchor of confidence; very hard to assess the size of the ABS buying programme, it will be significant.
The British pound rose marginally higher above Thur's high of 1.6271 to 1.6277 in Australian morning on Friday after a Survation poll signaled a lead of 'no' for Scottish independence in late NY trading, profit-taking quickly emerged and cable retreated to 1.6229 in Asian morning and then 1.6205 before rebounding to 1.6272 in New York.
Next week will see the release of U.K. Rightmove house prices, Swiss producer or import price, eurozone Eurostat trade, U.S. New York Fed manufacturing, capacity utilization, industrial and manufacturing output on Monday.
Australia's RBA meeting minutes, U.K. CPI, PPI and RPI, Bank of England quarterly bulletin, Germany's ZEW current conditions and economic sentiment, U.S. core PPI final demand, Canada's manufacturing sales, U.S. Redbook, overall net capital flows on Tuesday.
New Zealand's current account, Bank of England minutes, U.K. average earnings, claimant count unemployment, ILO unemployment, Swiss ZEW investor sentiment, eurozone inflation, U.S. core CPI, CPI, current account, NAHB housing market index, FOMC rate decision and monetary policy statement on Wednesday.
New Zealand's GDP, Japan's import, export and trade balance, China's house prices, Swiss trade balance and interest rate decision, U.K. retail sales, CBI trends, U.S. building permits, housing starts, initial jobless claims, Philly Fed business index on Thursday. U.K. Independence referendum.
Germany's producer prices, eurozone current account, Canada's core CPI, CPI inflation and wholesale trade and U.S. leading index on Friday.
Dollar hits fresh 6-year highs vs yen on upbeat U.S. data
The greenback rose to a fresh 6-year high at 107.40 in Tokyo morning on Friday after upbeat U.S. economic data. U.S. retails sales climbed to a 4-month high whilst University of Michigan consumer confidence also came in higher than market forecast.
Euro rose briefly to 1.2955 on dollar's strength after the release of U.S. retail sales data which came in at 0.6% m/m as expected. Price later retreated briefly to 1.2910 but only to rise again to 1.2980 (Reuters) after the release of stronger-than-expected University of Michigan sentiment which rose to 84.6 versus economists' forecast of 83.3.
ECB President Mario Draghi said ECB balance sheet expected to move towards size it had at start of 2012; ECB stands ready to take further action to maintain price stability; fiscal consolidation shud not be unraveled; EU budget rules have acted as an anchor of confidence; very hard to assess the size of the ABS buying programme, it will be significant.
The British pound rose marginally higher above Thur's high of 1.6271 to 1.6277 in Australian morning on Friday after a Survation poll signaled a lead of 'no' for Scottish independence in late NY trading, profit-taking quickly emerged and cable retreated to 1.6229 in Asian morning and then 1.6205 before rebounding to 1.6272 in New York.
Next week will see the release of U.K. Rightmove house prices, Swiss producer or import price, eurozone Eurostat trade, U.S. New York Fed manufacturing, capacity utilization, industrial and manufacturing output on Monday.
Australia's RBA meeting minutes, U.K. CPI, PPI and RPI, Bank of England quarterly bulletin, Germany's ZEW current conditions and economic sentiment, U.S. core PPI final demand, Canada's manufacturing sales, U.S. Redbook, overall net capital flows on Tuesday.
New Zealand's current account, Bank of England minutes, U.K. average earnings, claimant count unemployment, ILO unemployment, Swiss ZEW investor sentiment, eurozone inflation, U.S. core CPI, CPI, current account, NAHB housing market index, FOMC rate decision and monetary policy statement on Wednesday.
New Zealand's GDP, Japan's import, export and trade balance, China's house prices, Swiss trade balance and interest rate decision, U.K. retail sales, CBI trends, U.S. building permits, housing starts, initial jobless claims, Philly Fed business index on Thursday. U.K. Independence referendum.
Germany's producer prices, eurozone current account, Canada's core CPI, CPI inflation and wholesale trade and U.S. leading index on Friday.
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