Forex Analysis

USD Mid-day Analysis

The Dollar ranged up sharply yesterday and that might have left it temporarily overbought.

The Canadian is technically oversold and perhaps a measure of fundamentally oversold.

Like the Swiss and Euro, the trend in the Pound remains down and

NBP surprises again and leaves rates unchanged . CNB will worsen its forecast as external conditions deteriorated

The USD retraced some gains, with the EUR up 20pips to 1.250, and

We expect the ECB to remain in wait-and-see mode at today’s meeting, as the impactof the latest easing measures is assessed.

Core bond yields climbed a bit yesterday, with the German 10-year yield ending the day higher by 2bp and

The pair closed in NY Wednesday at $1.5969 after rate had performed an impressive recovery off post UK svcs/comp PMI data

The pair opened at $1.2483 this morning after rising to a $1.2507 high,

The pair has held a surprisingly narrow range today after the big selloff overnight,

Another day of JPY weakness this morning as the fallout from the BOJ’s decision last Friday to

At its most recent OCR Review the RBNZ left its cash rate unchanged at 3.50%, as widely expected.