Daily Currency Analysis - 4th Feb 2015
Agreeable Greeks assist the Euro. Aussie slips again on rumours of Chinese easing. Kiwi slumps on worse job data since Q1 2014.

Agreeable Greeks assist the Euro. Aussie slips again on rumours of Chinese easing. Kiwi slumps on worse job data since Q1 2014.
• Aussie dollar Plunges. • Royal Bank of Australia cut interest rates to record low. • Euro saga continues.
1. Chinese Official PMI drops to contraction reading for 1st time in over 2 years. 2. Greek’s confident of reaching a “mutually beneficial agreement” with Europe 3. Huge data week ahead with potential for a Reserve Bank of Australia rate cut.
Eurozone CPI Eurozone Unemployment Rate USD Gross Domestic Products
- FOMC stay on target. - RBNZ move to neutral stance weakening NZD. - German unemployment and inflation data coming up.
Two new stories online this morning: US house price growth slows Oz private college seeks international students
• Uncertainty surrounds Greek debt. • UK GDP. • US Consumer Confidence. • Australian Inflation due.
* Greek Elections: anti-austerity party, Syriza win. * Euro tumbles to 11 year low against USD and 7 year low against GBP. * All eyes forward to Federal Open Market Committee Minutes on Wednesday.
EUR continues to fall after ECB QE announcement Denmark cut interest rates for second time in a week Markets prepare for the Greek election this weekend
Highlights: • Canadian central bank cuts rates. • Volatility surrounding ECB announcement. • Eurozone Quantitative Easing expected 13:30. To learn how to save 4% on your currency transfers when compared to your Bank, visit http://www.halofinancial.com/yt
Kiwi Dollar drops Pound to gain on UK employment numbers Opportunities for Euro clients!
* Chinese GDP stable * German data awaited * ECB decision Thursday critical
1. Market still recovering from SNB’s shock move. 2. All eyes on European Central Bank & Greek Election this week 3. ECB expected to allow local central banks to buy government debt but Greece is to be excluded.
• Swiss National Bank Euro cap removal triggers volatility • EU CPI inflation • US CPI & production numbers
USD tight range after Beige Book Report Strong Oz Employment data US Jobless Claims data this afternoon
• UK inflation fails to hurt the pound • US retail sales today’s highlight • Australian employment figures released overnight
Canadian Dollar Weakens on oil and poor employment figures. US rate hike mooted for June. Greek Election fears for ECB.
Light day for data Oil & Equities prices in the spotlight Fed’s Lockhart speaks this evening To learn how to save 4% on your currency transfers when compared to your Bank, visit http://www.halofinancial.com/yt
Bank of England all on hold. Aussie retails sales fall All eyes on Non-farm Payrolls, expected at 243k but look for any revision to last month’s figure. Click here to view this on YouTube: http://youtu.be/w5RkWxU5H1c
1. FOMC minutes ‘Patience’ regarding interest rate hikes 2. Australian Housing data much higher than exp 3. Bank of England Interest rate decision released this morning
1. Risk Aversion dominating markets with oil continuing its slide. 2. Sterling slips following disappointing UK service sector data. 3. Euro Zone Inflation data will be key, rumours of a negative figure due to falling energy prices.
Stocks and oil sell off continues. UK services PMI to boost pound? Investors still cautious ahead of Greek election.
Euro slides as ECB moves towards QE. Greek Election – Syriza Warning Non Farms on Friday
• US Economy grows at 5% - the most in over a decade • US jobless figures due after lunch • Merry Christmas!
EUR Consumer confidence improves slightly to -10.9. NZ Trade deficit narrows due to surge in meat exports Today the focus is GDP figures from UK, Canada and the US.
1. Quite start to the holiday shortened week. 2. EUR Consumer confidence, US Existing Home sale & NZ Trade Balance are released today. 3. Tomorrow UK, US & Canadian GDP will be the focus.
US markets rally BoJ keep rates on hold Canadian inflation data today’s focus
FED maintains considerable time rhetoric. NZ GDP stronger than expected for the 3rd quarter. UK retail sales and Commodity markets the focus for today.
*EU Consumer inflation figures *Bank of England Minutes *Interest rate decision from the US
• US Dollar strength after solid data • Key UK inflation out early today • Eurozone sentiment also out today.