Report
EUR 8.70
For Business Accounts Only
http://trackresearch.com/articles/the-morning-track-beginnings/
The EUR rebounds in 2018 start to three-year highs. The European PMI reports are part of the story while FOMC policy doubts and low inflation worries persist on the USD side. The headlines are about China and Europe PMI reports beating expectations while Iran suffers its worst protests in a decade putting oil back in the spotlight. What seems clear from the start of the day is that markets are still using the 2017 playbook. European equities are lower with the EUR gains. The robust start of markets in Asia reflects renewed growth hopes from the region and ongoing US demand. The risks of anything new happening today start with the reversal in US shares and mood. The selling of Friday reverses and brings higher US rates. What hasn’t happened is a higher USD and that maybe the key for trading the markets today until we get the all-important ISM and Jobs reports later this week. Until then we are all technical traders with last year’s games to remember. US yields are
looking like the key still for FX as the 2.44% breakout beckons with 2.505% the target ahead of real news.
The Morning Track beginnings
- The Morning Track – Beginnings by Bob Savagehttp://trackresearch.com/articles/the-morning-track-beginnings/
The EUR rebounds in 2018 start to three-year highs. The European PMI reports are part of the story while FOMC policy doubts and low inflation worries persist on the USD side. The headlines are about China and Europe PMI reports beating expectations while Iran suffers its worst protests in a decade putting oil back in the spotlight. What seems clear from the start of the day is that markets are still using the 2017 playbook. European equities are lower with the EUR gains. The robust start of markets in Asia reflects renewed growth hopes from the region and ongoing US demand. The risks of anything new happening today start with the reversal in US shares and mood. The selling of Friday reverses and brings higher US rates. What hasn’t happened is a higher USD and that maybe the key for trading the markets today until we get the all-important ISM and Jobs reports later this week. Until then we are all technical traders with last year’s games to remember. US yields are
looking like the key still for FX as the 2.44% breakout beckons with 2.505% the target ahead of real news.
Provider
Track
TRACK.COM is an independent platform for investment research and market ideas. TRACK.COM research and analysis is used daily by hedge funds, proprietary trading desks, central banks and institutional asset managers to make investment decisions. These clients view Track.com as a trusted partner – our real-time research is thoughtful, well organized and right on target.
Robert Savage
Other Reports from Track
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.