Latest Forex Research
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6839 after rate had rallied earlier in the day from $1.6802 to $1.6870, as traders reacted to stronger than forecast UK inflation data,
USD/JPY Analysis
JPY started at Y101.33 against the dollar this morning and at Y138.83 against the euro, and spent the early hours of the session stuck in narrow ranges.
BOJ Keeps Policy Target, Shirai Endorses Board’s Risk Analysis
The Bank of Japan said on Wednesday its board 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.
QI Wage Price Index (WPI), May Consumer Sentiment
The 0.7% rise in the QI WPI was bang on market expectations of a 0.7% rise {CBA (f) 0.8%}. Annual wages growthremained steady at 2.6%pa and below the 3.1%pa growth a year ago and
Fed Plosser: May Need to Raise Rates Sooner vs Later
Philadelphia Federal Reserve Bank President Charles Plosser warned Tuesday the central bank may have to raise interest rates sooner than some expect to combat inflation if it materializes quickly,
Fed Dudley: Economic Performance To Determine Rate Hike Timing
New York Federal Reserve Bank President William Dudley Tuesday said the timing of the central bank’s first interest rate increase will be influenced by the economy’s performance
BOE Bean: Exit From Exceptional Stimulus Won’t Be Easy
Bank of England Deputy Governor Charles Bean in his valedictory speech says that the exit from exceptional monetary stimulus will not be easy.
Asian Currencies Technicals
After having held above the $0.9315-20 region the past week AUD/USD finally broke sharply lower before initially finding support at the 55-DMA.
EUR: Don’t Forget The EU Elections
In 2014 economics, not politics, has been the chief concern for the EUR and European assets. Draghi, after all, provided an implicit guarantee in 2012 to do whatever it takes to save the euro,
UK CPI Inflation above expectations
CPI increased by 0.4% m/m and 1.8% y/y in April which was somewhat above expectations. The main contribution came from the transport costs (air fares, sea fares and motor fuels).
Daily FX Update
FX markets are quiet; risk aversion is the core theme in what is likely to be a relatively subdued week. News flow has focused on the implementation of Thai martial law,