Range trading prevails ahead of the Eurogroup meeting – Danske Bank

FXStreet (Edinburgh) - Chief Analyst Arne Rasmussen sees the consolidating pattern in the FX markets extending ahead of the Eurogroup meeting on Friday.

Key Quotes

“Global FX markets are consolidating with volatility coming off and commodity currencies outperforming”.

“The Eurogroup meeting on Friday is unlikely to lead to a clear resolution in the Greek debt crisis supporting range-trading in the major FX crosses”.

“Over the coming months, we continue to expect stronger US data and higher US yields to trigger a further rally in the USD but the catalysts are clearly lacking currently”.

Apr 22, 2015

UK elections: A labour win would come as a big surprise – Nomura

Research Analysts at Nomura, share the results of their UK client survey , noting that the expectations for the Conservative party to be on the top are high, and a Labour win would be surprising.

Key events ahead: BoE April meeting minutes, Eurozone consumer confidence – Danske

Arne Lohmann Rasmussen, Chief Analyst at Danske Bank, previews the key data releases ahead in the day – Minutes from BoE’s April meeting, Consumer confidence data in the eurozone and US NAHB index.