Latest Forex Research
Politics matters for the pound
Last weekend’s European elections have informally kicked off election season in the UK. We highlight three medium term political risks for the pound.
The Global Macro Pulse
The dollar had a brief, small rally in early Asian trading, but just as quickly gave up gains, leaving suspected PBoC intervention selling USDCNY above 6.26 onshore to be the main event for the day, in our view.
UBS Morning Adviser
Inflation will drive the dollar higher – but only if yields follow through In the latest edition of UBS Macro Strategy Weekly ‘Key Issue’,
FX Daily
The most important release is euro area money supply and credit growth for April.At the ECB-forum in Sintra ECB-president Draghi in his speech Monday appearedconcerned about banks’ capacity to increase loans.
FI Eye-Opener: Equity markets continue to party
Core bond yields initially climbed higher yesterday, but more dovish ECB comments and violence in Ukraine coupled with rumours that Russian forces would have crossed the border spurred demand for bonds again.
Daily Market Technicals
EUR/USD continues to oscillate around the 200-DMA ($1.3641) with initial resistance noted just ahead on the hourly time frame today.
AUD/USD Analysis
Aussie started this morning at $0.9259 and marked an early high of $0.9268. It backed away to $0.9256 a few minutes before the release of the Westpac-MI leading index and held fast near that at $0.9258 after the release.
EUR/USD Analysis
The pair opened at $1.3635 this morning after a $1.3612 to $1.3642 range last night in the US. Early dealings were muted, with euro-dollar shuffling between $1.3634 and $1.3637 initially.
USD/JPY Analysis
JPY opened at Y101.98 this morning in Asia and made a brief move through Y102.00 for a high of Y102.04 while euro-yen opened at Y139.04.
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6810 after rate was pressed back from early European session highs of $1.6883 to a low of $1.6782 during
Fed Lockhart: Rate Hike 6 Months After QE End Too Short, Too Mechanical
Atlanta Federal Reserve Bank President Dennis Lockhart Tuesday night said calculating the timing of first interest rate increase as six months after
Asian Currencies Technicals
After having found support ahead of the $0.9205 level last week the AUD/USD traded above last week’s high before stalling and dipping back towards initial support.