Latest Forex Research
GBP Mid-day Analysis
The Pound has seemingly found some value on the charts and it would appear that the UK economystands head and shoulders above most others but that the relatively expensive recent price in
Credit Agricole Advises Against Selling The EUR At Current Levels
The EUR has been capped of late, mainly on the back of lower than expected growth data and as most ECB members supported the view of more aggressive monetary policy action being considered as soon as next month.
Sweden: Inventories as expected, still downside risks to Q1 GDP
Important pieces of the Q1 GDP puzzle were out yesterday, namely inventories for manufacturing industry as well as for retailers and wholesalers.
Central European Daily
The HUF is still more sensitive Thanks to the strong GDP figure (published yesterday) EUR/HUF touched its 200-day moving average (302.5),
Daily Technical Report
EUR/USD made a bullish intraday reversal nearthe key support area between 1.3673 (see alsothe wedge formation) and 1.3643 (see also the200 day moving average) yesterday.
FX Daily Majors
Today’s highlights: USDJPY’s focus turns to “neckline” support and the 200-day average at 101.23/21.
The Global Macro Pulse
Asian shares fell, with the Nikkei down 1.7% on the day. HSI dropped 0.7%, the Kospi fell 0.6% and ASEAN markets were 0.1% to 0.6% lower. S&P futures were marginally lower following the sharp correction overnight.
FX Daily
Today’s data calendar is rather thin. In the US, the main focus will be on the releaseof housing starts and building permits for May as well as the release of theUniversity of Michigan confidence indicator.
UBS Morning Adviser
Watch Japan Post too Yen bears have focused their attention on the diversification plans of Japan’s GPIF,
FI Eye-Opener: Spreads explode as growth disappoints
Markets did not stabilize yesterday, not even close, but the huge rally in core bonds only picked up steam. Curves bull-flattened further, and flight-to-safety was the name of the game.
AUD/USD Analysis
Aussie retreated to $0.9327 low last night in the US and opened at $0.9357 this morning, but initially held near there at $0.9356 in early Asian dealings.