Latest Forex Research
FI Eye-Opener: China with a positive surprise for a change
Core bond yields tried higher again early yesterday, but in the afternoon weak US retail sales (see more below) gave bonds a boost again.
FX Daily
Today’s data calendar is relatively light with focus likely to stay on US data. In linewith consensus expectations,
Daily Market Technicals
EUR/USD continues to grind its way back towards the $1.3583-1.3602 resistance region with support now having developed on the hourlies at $1.3546.
USD/JPY Analysis
JPY opened at Y101.70 and euro-yen at Y137.83 on Friday 13th in Asia, from NY’s range of Y101.61-Y102.14 & Y137.73-Y138.18.
BOJ Keeps Policy Target
The Bank of Japan board Friday decided by a unanimous vote to leave the bank’s policy target unchanged as expected at its two-day monthly meeting, maintaining its overall economic assessment.
AUD/USD Analysis
A subdued day for the currency with no major data as weakness on the crosses saw the market give back some of the Thursday gains.
GBP/USD Analysis
The pair closed in NY Thursday at $1.6933, just off intraday highs of $1.6938. Sterling had traded with a firm tone through the day,
EUR/USD Analysis
The pair closed in NY Thursday at $1.3552 rate had recovered off an extended low of $1.3512, touching a high of $1.3572 during the NY afternoon,
Nomura: EUR/USD View
Nomura has revised its EUR/USD forecast projecting a gradual depreciation path over the coming months. Nomura outlines 4 main reasons behind this call.
ECB Weidmann: Sovereign Bond Buys Widely Used But Risky MonPol Tool
European Central Bank Governing Council member Jens Weidmann said Thursday that purchases of sovereign bonds by central banks come with risks even if monetary authorities often rely on such actions.
Performance of Manufacturing Index (PMI) – Middling May
Although still in positive territory, a second consecutive slowdown in expansion meant the manufacturing sector was at similar levels last seen over a year ago,
Daily FX Wrap and Strategy
The NZD/USD sits 1.6% higher than 24-hours ago, at0.8680 this morning. It was the best performing currencyby a large margin, after the RBNZ’s meeting yesterday.