Latest Forex Research
CAD Mid-day Analysis
The Canadian is catching some minor support from weakness in the Dollar and perhaps itis indirectly benefited by fresh talk of easing from the ECB.
GBP Mid-day Analysis
The Pound is clearly undermined by BOE suggestions that it is premature to consider hiking interestrates, but the Pound might also be a little off balance because of central bank complaints about the lofty Poundexchange rate.
ECB Mersch: Just What The ECB Will Do Is A Decision Yet To Be Made
What the European Central Bank will do at its next monetary policy meeting is a decision yet to be made, ECB Executive Board member Yves Mersch said Wednesday.
BOE Carney: Edging Closer To Point Where Hike Needed
Bank of England Governor Mark Carney said Wednesday that the UK economy has edged closer to the point at which Bank Rate will need to rise off its emergency 0.5% setting.
BOE May QIR: Faster Jobless Fall; Inflation Forecast Steady
The Bank of England Monetary Policy Committee in its May Quarterly Inflation Report accepted that productivity growth is likely to be slower than it previously expected, and forecast a much more rapid fall in unemployment.
FX Daily Majors
Today’s highlights: EURGBP resumes its medium-term bear trend and we look for further weakness to .7800.
Daily Technical Report
EUR/USD declined further yesterday and isnow close to the key support at 1.3673 (see alsothe wedge formation). Given the recent sharpdecline, a short-term phase of stabilisation islikely.
BNP Paribas increased its short EUR exposure
BNP Paribas increased its short EUR exposure via a fresh short position in EUR/GBP.
Does reserve diversification really impact the value of the AUD?
One question that tends to recur from time to time is whether reservediversification impacts the value of the AUD beyond the intra-day.
The Global Macro Pulse
EUR edged higher to 1.3717 after briefly trading below 1.37 at the NY close. USDJPY reversed yesterday’s gain, falling steadily to 102.15.
UBS Morning Adviser
Policy to continue weighing on krona, but watch positioning Within the minor currencies, the krona appears most at risk of more easing.
FI Eye-Opener: Even the Bundesbank sees the need to ease furthe
Bonds rallied in earnest yesterday on both sides of the Atlantic on the back of disappointing US retail sales and reports that the Bundesbank would back more ECB easing.