Latest Forex Research
UK: MPS minutes still focus on inflation and spare capacity
As expected the MPC Minutes from the 4-5 June focus on inflation and the degree of spare capacity in the economy.
Morgan Stanley Bullish USD
Morgan Stanley thinks that the balance of risks is skewed toward a less dovish FOMC today.
FX Daily Majors
Today’s highlights: USDJPY has completed a small base, and we look for strength back to 102.81/103.04.
Credit Suisse: FX Analysis
USD: Bullish. As the Fed continues to taper, we expect many EM currencies to gradually come under pressure,
Central European Daily
Polish minor coalition party says Poland should consider early elections The Central European currencies remained broadly stable against the euro yesterday vis-à-vis the day before.
Daily Technical Report
EUR/USD’s bullish intraday reversal on 5 Junehas created a key support at 1.3503. In the shortterm,prices are moving sideways near this level.
A history of reactions to the FOMC
If this wasn’t an FOMC meeting that had a press conference and fresh economic projections, there would be no point in hitting the World Cup pause button.
The Global Macro Pulse
The USD strengthened further in Asia trading but largely against EM Asia currencies. USDJPY inched higher to 102.21 but
Look for confirmation of a correctional low in GBP/USD
EUR/USD remains stuck in the 1.3512\1.3588 range. A correctional GBP/USD low is likely not far off, possibly already at 1.6938/22.
UBS Morning Adviser
Negative rates or a change to the EURCHF floor would be too drastic We have long held the view that the Swiss National Bank (SNB)
FX Daily
The Fed will take centre stage today with its statement, new projections and pressconference by Fed chairman Janet Yellen.
FI Eye-Opener: Connecting the dots
Bonds took a beating and curves bear steepened yesterday on the back of an upside surprise in US inflation (see more below).