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Economic tailwinds boost relative value in currencies

Is the market shifting its assessment of relative value in currencies towards economies benefitting from tailwinds over those facing headwinds?

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Insekt. #denmark #padborg #jutland #jylland #danmark #natureporn #nature...

Insekt. #denmark #padborg #jutland #jylland #danmark #natureporn #nature #trees #insect #macro http://t.co/E0C1VjEOEk

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Pinsemorgenfnuller

Var på en lille gåtur for, at samle appetit til morgenmaden. Fuglekvidder og insektsummen, morgendug og duft af fugtig jord, en enkelt hundelufter og en søvnig zombie på vej efter morgenbrød. Det er...

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Norway: Lower unemployment ? again

  ? LFS unemployment fell unexpectedly – again ? Now points to lower unemployment than Norges Bank forecast ? Not that important to Norges Bank , but if anything reduces the chance of a September rate...

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Five things you should know about today?s US GDP report

The fact that the US recovery gained momentum in Q2 despite heavy headwinds suggests the economy could accelerate later this year as the drag from fiscal tightening fades and pent-up demand is...

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Fed offers no hint of tapering and takes on a slightly more dovish tone

As widely expected, the Fed kept its bond-buying programme in place today, but contrary to our expectations the central bank offered no hint of a phasing down of its purchases later this year....

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Time for ECB to scotch the EURUSD rally

The ECB needs to deliver and probably will deliver as dovish a message as it can at today?s meeting, pushing EURUSD, and possibly EURJPY, back lower again. The BoE may be a relative non-event.

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Looking forward to getting many more if these badges in #hungary #untappd...

Looking forward to getting many more if these badges in #hungary #untappd #lager #macro #soproni http://t.co/zwHghJnsVt

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USD rally back on track, but needs today?s data to support

The greenback survived a hawkish (relative to expectations) ECB meeting and is back on the rally track, though we need today?s US employment report and PCE inflation data to co-operate if this move is...

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Norway: Sideways movement in registered unemployment.

Unemployment was 85 762 persons (s.a. and including those on labour market measures) in July, nearly unchanged from last month. It was somewhat better than we had expected (86 300). The unadjusted rate...

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Optimism ? cautious and misguided?

As central bankers once more took centre stage this week it is worth reflecting on the core messages emanating from the UK, US and Eurozone...

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Mad

Odense ? August 2013

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Butterfly closeup #nofilter #samsung #nx300 #macro #nature #realdeal...

Butterfly closeup #nofilter #samsung #nx300 #macro #nature #realdeal #nrksommer #randersregnskov http://t.co/hpVNNvElcB

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Probably going to die here... #hungary #pálinka #beer #lager #macro...

Probably going to die here... #hungary #pálinka #beer #lager #macro #iseverywhere http://t.co/lNGgs5BUfR

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flygtig fugl

Odense ? August 2013

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Butterfly fly away... #insects #insect #bug #bugs #TagsForLikes #bugslife...

Butterfly fly away... #insects #insect #bug #bugs #TagsForLikes #bugslife #macro #closeup #nature http://t.co/ATIDGZZeaf

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3 Numbers To Watch: EU Sentix, EU retail sales, US ISM services

The EU Sentix Investor Confidence Index and EU retail sales will shed new light on the prospects for recovery in Europe. Later, the ISM Services Index for the US is scheduled for release.

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Macro Monday #3

Essence – Oh my glitter!

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3 Numbers To Watch: UK ind. prod., DE factory orders, US JOLTS

Today?s key economic updates include UK industrial production, new factory orders for Germany and an update on the Job Openings and Labour Turnover Survey for the US.

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RBA cuts, AUD rallies to resistance

The RBA cut rates 25 basis points as expected, but this development appears to have been fully priced in as AUDUSD backs right up to that key 0.9000 resistance. The kiwi is in focus tonight on Q2...

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