Latest Forex Research
GBP Mid-day Analysis
With almost no competition from other currencies, stellar UK jobs news overnight and the Poundrecently off a noted month long corrective slide,
Central European Daily
Hungarian CPI fell by 0.1 % y/y in May Hungarian inflation remains in the negative territory.
Credit Agricole: Stay AUD/USD Long
Constructive domestic data releases as well as stable risk sentiment has been keeping the AUD in demand of late.
Daily Technical Report
EUR/USD’s bullish intraday reversal on 5 Junehas created a key support at 1.3503. Monitor thatlevel as buying interest has thus far remainedweak.
FX Daily Majors
Today’s highlights: EURUSD remains bearish for a test of last week’s spike low at 1.3503.
The Global Macro Pulse
With the exception of the 0.3% rise in the Nikkei, most Asian equity markets have softened today and S&P futures are down slightly.
USD/JPY: stay long even without BoJ actions
The BoJ will likely leave QQE unchanged at the monetary policy meeting on the 12-13th. With the majority of the market now expecting additional easing in October rather than July,
Stronger yen, lower cable and a NOK/SEK setback
EURUSD: After yesterday’s decline (and close below 1.3586) it is clearthat last Thursday’s spring bottom was unable to attractbuyers enough to sustain the move to 1.3734/50.
UBS Morning Adviser
Careful calibration needed for RBNZ as NZD weakens for the wrong reasons Witnessing a currency declining from self-professed ‘overvalued’ levels is normally welcomed by any central bank.
FI Eye-Opener: Credit risks forgotten again
Yields continued to climb on both sides of the Atlantic yesterday, more so in the US than in Europe. The German 10-year yield edged higher by about 2bp,
AUD/USD Analysis
Aussie had another stronger day today, sitting up 13bps at $0.9386. After spending much of the morning session trading sideways in a narrow range,