Forex Analysis
EUR Mid-day Analysis
The Euro is technically oversold and pausing to determine if it has also become fundamentally oversold.
CHF Mid-day Analysis
The Swiss has built some measure of support on its charts around the 1.0877 level and
Central European Daily
NBP left interest rates unchanged at 2.50 % … … but warned that a soon cut is likely In line with prevailing expectations, the Polish central bank (NBP) left interest rates unchanged at 2.50 %.
USD Mid-day Analysis
The Dollar remains off its recent highs in anticipation of some fresh stimulus from the ECB followingtoday’s meeting.
CAD Mid-day Analysis
Reports that August Canadian auto sales reached new all-time highs should help to
GBP Mid-day Analysis
The Pound remains in a wounded chart condition this morning and that might be the result of
Don’t Sell EUR/USD
The EUR has been well supported, regardless of weaker business activity in August.
FX Daily: There is more to EUR downside than today’s ECB meeting
It is difficult to pin down what is exactly priced for today’s ECB meeting.
The Global Macro Pulse
EURUSD held on to late NY gains at 1.315, USDJPY has weakened slightly to 104.8 post BoJ while the AUD edged marginally higher to 0.935,
FX Daily
Main event is the ECB meeting. We do not expect rate cuts or QE in connection withthe meeting but all options are expected to be left open.
Japan: BoJ only marginally more dovish, no signs of imminent easing
As expected, Bank of Japan (BoJ) did not announce any new easing measures in connection with today’s monetary meeting.