Latest Forex Research
BNP Paribas: FX View
The top ten views we originally outlined in our year-ahead publication last December remain in place. To review, our 2014 top ten were:
Weekly CFTC Trader Positioning Data
This was a week of subtle but important change as the marketpared its long exposure to Europe driving the net USD position toflat. In addition, most trends are decreasing,
Weekly Economic & Financial Commentary
U.S. Review Mixed Data Unlikely to Change Fed’s Outlook • Although some indicators, such as retail sales and industrial production,
NY Fed Staff: See 3% GDP Growth Rest Of 2014; +3.5% In 2015
The economy should grow at an annual rate of 3% over the remainder of 2014, despite a slow start to the year, according to the latest forecasts from the staff of the New York Federal Reserve Bank.
Fed Bullard: FOMC Goals Within Sight, Justifies Tap
St. Louis Federal Reserve Bank President James Bullard said Friday the central bank’s goals on employment and inflation are “within sight” and
Weekly Report
Market ready of easing Last week ECB President Mario Draghi cautioned that some policy adjustment might be needed at the June 5th meeting.
EUR/USD: Into 200-d Avg
Last week EUR/USD formed a key day and week reversal and dropped through the eleven month support line at 1.3806 and both reversals point to a change in the major long term EUR/USD trend, notes Commerzbank.
EUR Mid-day Analysis
The charts look ugly and the overnight news flow didn’t definitively alter this week’s concern toward theEuro zone, even with the Euro zone managing to post a positive trade surplus for
CHF Mid-day Analysis
We see a critical pivot point in the June Swiss up at 1.1239 and to start that level might be somewhatformidable resistance.
JPY Mid-day Analysis
Apparently the outlook for the Japanese economy is improving at the same time that safe haven interest inthe Yen (off slowing fears in the US and Euro zone) is on the rise.
USD Mid-day Analysis
The Dollar remains near the prior session’s lows despite a mix of positive and negative economic newsflow this week and in the face of a noted deterioration in the European economic outlook.
CAD Mid-day Analysis
One has to be impressed with the action in the Canadian this week, as it held gainsdespite a noted deterioration in global economic recovery sentiment.