Latest Forex Research
The Global Macro Pulse
The overnight dollar fall was sustained in Asia. AUDUSD is steady at 0.9403, EURUSD is 1.3590, and USDJPY is 101.92.
Eyes on EUR/NOK 8.20 and the NB Verdikt. EUR/USD tests resimtance.
EUR/USD remains stuck in the 1.3512\1.3588 range. USD/JPY is likely done correcting higher. This turns focus back on 101.72, 101.60 & 101.43.
UBS Morning Adviser
Prevailing Wisdom Unchallenged If their voting record is anything to go by, the three new faces on the FOMC failed to rock the boat overnight.
FX Daily
Today markets will probably continue to digest details from yesterday’s FOMCmeeting as the schedule mainly contains tier 2 data, although rate decisions in Norwayand Switzerland will also be in focus.
FI Eye-Opener: Fed not ready to turn more hawkish yet
Bonds rallied on both sides of the Atlantic yesterday, as the messages in the Bank of England minutes and
Daily Market Technicals
EUR/USD continues to drift towards the 21-DMA with bulls looking for a close above to confirm an easing of bearish pressure and see immediate focus shift to the $1.3666-77 region.
AUD/USD Analysis
Aussie witnessed another dull session this morning after it traded in a $0.9322 to $0.9410 range during the US hours last night.
EUR/USD Analysis
The pair opened at $1.3595 this morning after the post-FOMC gains that saw it top out at $1.3599 last night.
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6990, euro-sterling at stg0.7995. In the European morning, cable slipped on release of BOE Minutes to
USD/JPY Analysis
The piar opened at Y101.92 after last night’s post-FOMC run which ended at a Y102.37 high in the US. Moves this morning were more limited with dollar-yen slipping early to
Credit Suisse: GBP View
The UK provides an encouraging template of the tradable opportunities that arrive where growth and/or inflation develops sustained momentum, notes Credit Suisse.
GDP Disappoints Only the Overly Enthusiastic
We wouldn’t make too much of the fact March quarter GDP, in expanding 1.0%, fell short of the 1.1% increase expected by the market, and us.