Latest Forex Research
UBS Morning Adviser
Krona price action needs to move beyond a simple rate story With or without the approval of their neighbours,
FX Daily
After the significant easing steps in June we expect ECB to largely repeat themessage from the June meeting at today’s meeting.
AUD/USD Analysis
Aussie the main mover this morning in the Asia-Pacific, after it started the day under the US high of $0.9460 at $0.9443.
FI Eye-opener: Let the bubbles build
The much stronger than expected US ADP jobs pushed safe haven bond yields clearly upwards. 10-year US Treasury yield jumped 6bp to 2.63%,
Daily Market Technicals
Layers of resistance are starting to stack up on the hourly timeframe in the $1.3660-00 region with the 55-DMA noted at $1.3694.
Bund Technical Analysis
The up-trend is in trouble following Wednesday’s closing price reversal combined with daily studies looking to
EUR/USD Analysis
The pair opened at $1.3660 this morning in Asia just off last night’s $1.3669 US session high but
GBP/USD Analysis
The pair closed in NY Wednesday at $1.7165 after rate saw extended highs of $1.7180 following release of stronger than forecast UK construction PMI data.
USD/JPY Analysis
JPY opened at Y101.77 this morning in Asia and euro-yen started at Y139.01. Early dealings were muted with dollar-yen holding a Y101.76/79 range
What To Expect From NFP?
A shortened-holiday week will conclude tomorrow with the June employment report. We forecast a rise of 250k in June – up from a 215k estimate prior to the ADP report.
Retail Trade – May 2014
May’s fall in retail trade differed from market expectations which were centred on a flat outcome {CBA (f) -0.2%}.
Oil Market Update – June 2014
The relative price stability that characterised Brent and Tapis in the first half of 2014 has been shaken of late by unexpectedly severe sectarian turmoil in Iraq.