Latest Forex Research
“We are bullish USDJPY”
Japanese core machinery orders surged in March to 16.1% yy (and should rise in April – June too) easily surpassing modest expectations, notes BNP Paribas.
FX Daily Majors
Today’s highlights: USDJPY’s spotlight remains on pivotal “neckline”, price and 200-day average support at 101.23/20, below which can see a top.
The Global Macro Pulse
The USD has weakened slightly. EURUSD has risen above 1.370 from a low of 1.369 earlier. USDJPY remained in a tight range and seemed firmly capped below 101.60.
UBS Morning Adviser
FX market fails to register sovereign issues During the height of the Eurozone crisis, being short the euro was considered the most convenient way to
FI Eye-Opener: Political uncertainty to keep yields depressed
After three days of huge bond rallies, yields finally found some support on Friday. The German 10-year yield rebounded by around 2bp, while the corresponding move in the US was some 3bp.
FX Daily
In terms of data releases, we have a very light calendar today. Instead, focus willcontinue to be on comments from ECB board members Weidmann, Mersch andCoeure.
Daily Market Technicals
EUR/USD continued to consolidate below the 100-DMA to end last week after having traded down to fresh 3 month lows. Bulls need to see a close above the 100-DMA to confirm an
AUD/USD Analysis
It’s been a subdued session for the aussie this morning after it opened at $0.9362 and then marked an early high of $0.9377.
GBP/USD Analysis
The pair closed in NY Friday at $1.6811 after rate had recovered off earlier lows of $1.6785 to $1.6842 ($1.6841 76.4% $1.6875-1.6732), easing lower post the London 4pm fix,
EUR/USD Analysis
The pair started this morning at $1.3703 after marking a $1.3687 to $1.3719 range in the US last Friday. It retraced back to an early pre-Asian low of $1.3689 but recovered to $1.3703 as the Asian market got underway proper.
Scandi markets ahead
In Sweden, the week ahead will contain quite a few interesting sets of data. Mostprominent, of course, the labour market survey for April,
Leveraged Funds Cut EUR, GBP Longs, Increased AUD longs
The following are key points in ANZ’s analysis for the latest speculative positioning report (positioning data is for the week ending 13 May.