G7 to Fed Hike and ECB Judgement Day

While trade tension between the US and its allies dominated the headlines last week, Euro emerged as the strongest major currency. Receding Eurozone internal political risks was a key factor. German 10 year bund yield hit as high as 0.52, comparing to 0.186 low just two weeks ago, before closing at 0.45. Expectation of a…

Dollar Turned into Consolidation Phase

Dollar’s late pull back last week suggested that it has turned into consolidation phase, after long-stretched rally. Retail sales, housing, regional Fed surveys and industrial production will be released from the US this week. But we don’t expect them to be too market moving. Instead, Eurozone data like German ZEW could move the greenback more.…