Latest Forex Research

Fed Williams: 1st Rate Hike To Come In ‘Next Year Or So

San Francisco Federal Reserve Bank President John Williams Monday predicted the central bank will likely begin hiking interest rates in the next year or so,

Daily FX Wrap and Strategy

The NZD is effectively unchanged against the USD relativeto yesterday morning, sitting just under 0.8630.Yesterday’s two local releases hardly troubled the scorers.

EUR Mid-day Analysis

Clearly the Euro has rejected the overt weakness seen at times last week as the Euro is seeminglyclimbing back toward last week’s highs without definitively bullish economic news flow.

CHF Mid-day Analysis

While the Swiss is left flat footed by the rejection of a $25 minimum wage referendum, it is catching anindirect lift from a recovery in the Euro and renewed weakness in the US Dollar.

JPY Mid-day Analysis

An upside breakout in the Yen to the highest level since February 5th suggests that the Japanese economyis regaining its footing.

The Dollar is showing signs of falling below the potentially critical pivot point of 80.00 in the early goingtoday. However, it is somewhat surprising that the Dollar is showing weakness in the face of noted slowing fearsin Europe,

CAD Mid-day Analysis

The Canadian continues to win by default and because of the lack of confidence in the USeconomy and the US Dollar. Apparently slack Canadian data has been discounted or ignored and

GBP Mid-day Analysis

The Pound has continued to respect a pattern of lower highs since the May 6th highs and it has alsoremained off balance because of threats from the BOE on the ultra-hot UK housing market.

Central European Daily

Czech PPI fell by 0.3 % y/y in April CNB minutes signal later exit from intervention regime Friday trading on regional FX markets felt the lack of significant stimuli.

Daily Technical Report

EUR/USD has made a bullish intraday reversalnear the key support area between 1.3673 (seealso the wedge formation) and 1.3643 (see alsothe 200 day moving average).

Sweden: Unemployment above the Riksbank’s forecast

The Labour Force Survey was weaker than expected. Unemployment rose to 8.2% in April from 8.1% in March, 0.2% point above consensus and 0.3% above our call.

ECB Weidmann: Easier Financing Conditions May Offset Strong EUR

European Central Bank Governing Council member Jens Weidmann said Monday that easier financing conditions in the euro area over the medium term could more than offset the short-term impact of a strong euro.