July German IFO Data Fall Well Short of Expectations. UK GDP Solid and in Line

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Friday July 25, 2014 - 08:54:52 GMT
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July German IFO Data Fall Well Short of Expectations. UK GDP Solid and in Line

July German IFO Data Fall Well Short of Expectations. UK GDP Solid and in Line
July 25, 2014 09:00 gmt

Daily Risk On/Off Heat Map

Early in Europe markets logically appear to be taking a modest risk-off posture into the weekend. There are ample geopolitical reasons to take a reduced profile. The week ahead features an FOMC meeting and the July monthly NFP report. The EURUSD is currently steady.

Yields in prime Eurozone fixed income markets are steady, and remain well below levels from early last week .Yields on the European periphery are mixed. .EZ 10-yr 1.18%, 0bp.

The U.K.10-yr gilt yield is 2.60% -1bp. A +25bp BOE rate hike is still expected by yearend..

U.S.10-yr yield is 2.51%, 0bp. The psychological pivot is2.50% .

Far East equities closed mostly higher. Bourses in Europe are lower. U.S. share futures are down.

The heat map color scheme of interest rates reflects yields. This aligns all the colors in the chart to reflect risk-on (green) and risk-off(red).

HIGH IMPACT NEWS: US- Durable Goods Orders

The closely followed IFO Survey data for July were considerably weaker than the consensus forecasts The news has weighed on the EURUSD. This report could have more weight than others at the ECB. They meet again in the week after next.

UK Preliminary GDP data were solid and dead on expectations. GBP gained on the report and subsequently eased.

The will see U.S. Durable Goods data later today.

See the FOREX FORUM. for actual data, selected charts, etc.) and comments from experienced traders to events as they are released.

Weekly Trading Planner

FRIDAY
DE IFO Climate
GB GDP
US Dur Goods & ex-trans

FOREX CALENDAR

Time Imp Country Title Cons Last

25/07/14 12:30 A US Dur Goods 0.50% -0.90%

25/07/14 12:30 A US D/G ex-trans 0.50% 0.00%

25/07/14 19:30 US COT Report n/a n/a

28/07/14 0:00 MONDAY

28/07/14 13:45 B US fl Svc MKT PMI n/a 61.2

28/07/14 14:00 A US Pending Homes n/a n/a

28/07/14 17:00 A TRY TRY 2-yr n/a n/a

Be sure to refer daily to the Global-View Economic Calendar For key items (actual data, selected charts, etc.) as they are released.

See the FOREX FORUM. for actual data, selected charts, etc.) and comments from experienced traders to events as they happen.

John M. Bland is a founding partner of Global-View.com. He was a FX consultant to major corporations. He has also been a institutional forex trader, FX analyst for a blue chip Fed watching service and an author. John has an MBA in Finance and a BA in Economics from the University of California, Berkeley.

Copyright 2014, GlobalViewpoint, Inc All rights reserved

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GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 23 July 2018
A 14:00 US- Existing Homes Sales
Tue 24 July 2018
AFlash PMIs
Wed 25 July 2018
A 08:00 DE- IFO Survey
A 14:00 US- New Homes Sales
A 14:30 US- EIA Crude
Thu 26 July 2018
AA 11:45 EZ- European Central Bank Decision
A 12:30 US- Weekly Jobless
A 12:30 US- Durable Goods
Fri 27 July 2018
AA 12:30 US- GDP
A 14:00 US- Final University of Michigan

John M. Bland, MBA
co-founding Partner, Global-View.com

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Friday July 25, 2014 - 08:54:52 GMT global-view.com - www.global-view.com