Forex Analysis

GBP Mid-day Analysis

A fresh failure in the Pound this morning on the charts was seen in the wake of a strong UK construction PMI release and

The forint extends its gains despite sell-off in EM’s world The Hungarian forint has continued to strengthen and keeps its bullish sentiment.

The RBNZ’s monthly balance sheet released this week confirmed that the Banksold NZD 521 million in August,

FX markets have been all about a USD squeeze. EURUSD popped up to 1.2662,

The main event will be the press conference following the ECB meeting.

A huge bond rally took place yesterday, especially in the US, with curves bull-flattening and equities taking a beating.

The pair closed in NY at $0.8737 overnight after having traded a $0.8663-0.8749 range before

The pair closed in NY Wednesday at $1.6182 after rate had seen a recovery to $1.6252,

The pair started in the Asia-Pacific at $1.2623 this morning following last night’s $1/2583 to $1.2640 range during the US hours.

The pair opened at Y108.89 this morning while euro-yen started at Y137.46,

The fall in the New Zealand dollar since Julyhas been appropriate to the softening in globalconditions this year.

The Euro remains in a downdraft on its charts but talk of possible intervention in support of the Euro by