USD, EUR: Backwards or forwards – Commerzbank
26.07.2024, 11:49

USD, EUR: Backwards or forwards – Commerzbank

Thursday was a bit puzzling. Due to concerns about the current state of the US consumer and general uncertainty about the state of the global manufacturing sector, uncertainty had spread to the currency markets in recent days, Commerzbank FX strategist Volkmar Baur notes.

US GDP figure turns the market upside-down

“The JPY and CHF were in demand, while the EM currencies were less so. And then everything took a turn at 2:30 p.m. (MEST) when the US GDP figures were released. It is generally assumed that markets look ahead and price in expectations, and then a backward looking number causes a reversal. Admittedly, consumer spending came in slightly above expectations at 2.3%.”

“However, it should also be noted that the positive surprise in overall GDP growth (2.8% vs. 2.0% expected) was nearly entirely due to inventory accumulation, which added 0.8 percentage points to growth. Anyway, yesterday was enough to change the mood of the market. However, in my opinion, caution is certainly required.”

“Yesterday's figures did not really put an end to concerns about the US consumer and the manufacturing sector. And next week, we have a number of data points on the calendar (US payrolls, global manufacturing PMIs, just to name the most important) that could rekindle these concerns.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik