Forex Analysis

FI Eye-Opener: Draghi’s dilemma

Core bonds rebounded yesterday after sizable losses last week. The German 10-year yield edged lower by some 1.5bp,

Main data releases will be German ZEW and UK inflation.

The pair closed in NY at $0.9031 overnight after having traded a $0.8983-0.9049 range on the day.

The pair closed in NY Monday at $1.6233 after rate had corrected back from a European morning recovery high of

The pair started out at Y107.19 as Japanese traders returned from their 3-day holiday weekend.

The EUR/CHF cross has traded in a wide range around Chf1.2100 in recent sessions,

The Non-reportable Net Short position in the Euro has hit a new record level at 52,317 contracts,

More sanctions against Russia, reports of fresh shelling in the Ukraine,

While the Yen is showing some minor consolidation around a recent spike low,

The Dollar is creeping back toward its recent highs in the wake of a series of calls for foreign central banks to ease!

Some modest consolidation support is seen at 89.90 as there is hope that the PBOC willease and

The polls peg the independence vote to be too close to call and that has interjected a measure of volatility in the Pound.