Latest Forex Research
EUR Mid-day Analysis
With a series of significant losses in the Euro putting the currency down sharply over the last 4 tradingsession’s it is not surprising to see more declines in the face of softer than expected German ZEW confidencereadings overnight.
CHF Mid-day Analysis
The June Swiss remains off balance on the charts but appears to have found some support around the1.1250 level. Slack German confidence readings provided the brunt of the slide in the Swiss overnight,
JPY Mid-day Analysis
With a pattern of positive euphoria generally seen at the start of this week, acceptable Chinese Industrialoutput figures and ongoing gains in US equities, the bear camp in the Yen retains an edge.
USD Mid-day Analysis
While the Dollar forged a significant upward extension on the charts overnight, the market wasn’t ableto hold all of those gains.
CAD Mid-day Analysis
The Canadian remains under the spell of the softer than expected Canadian jobs resultfrom last week. With the US Dollar also showing ongoing strength overnight that has added to
GBP Mid-day Analysis
The Pound was overbought technically into the recent highs. Some might suggest that the Pound wasoverbought fundamentally into the recent highs and therefore the bulls in the Pound probably need to
Nomura: EUR/USD Analysis
Moving beyond the very big-picture issue of the perception of the euro as a harder or softer currency, what are the key issues for the next three-six months? We think there will be three main driving forces for EURUSD:
Central European Daily
Hungarian consumer prices slid by 0.1 % in April CEE currencies shrug off turmoil in Ukraine Central European currencies remained stable on Monday.
FX Daily Majors
Today’s highlights: EURGBP has broken key support at .8165/55 and we look for further weakness to .7800.
Sweden: Inflation bounced in April
April CPI came out at +0.4% on the month, just above forecasts at 0.3%. The main surprise was ticket prices for foreign flights, adding 0.2% point to the CPI m/m compared to our call at 0.1% point.
The Global Macro Pulse
The Indian rupee was the main mover in Asia trading. USDINR gapped 0.8% lower to 59.60, its lowest level since July 2013, as exit polls projected a strong victory for the BJP-led coalition.
EUR: ECB Rhetoric Vs Capital Flows
The EUR has been capped, mainly on the back of ECB members’ supporting the notion of more aggressive policy action to become more likely as soon as at next month’s central bank meeting.