Forex Analysis

FI EYE-OPENER: Anchor drifting

Rates rebound, bund yield above 1% again, and stocks rebound. 5Y5Y inflation swap has dropped below 2% – Anchor drifting?

The pair started this morning at $1.3364 after last night’s $1.3353 to $1.3389 range during the US hours last night.

The pair closed in NY Monday at $1.6728 after rate had been marked above $1.6700 at Monday’s Asian open on market

The pair opened at Y102.57 this morning, and after an initial Y102.55/58 range, uncovered demand from Japanese names off the low.

The following is Bank of America Merrill Lynch’s preview for Fed’s Yellen speech at this week’s Jackson Hole event.

The slack data from the US last week and the lack of significant developments from the Ukraine has allowed the Euro to

As long as there is not a clear escalation of Russian/west tensions the Swiss might be able to claw outsome minor gains.

Despite the large recovery effort at the end of last week, the outlook for the Yen remains suspect,

The Dollar has remained in the August consolidation overnight but it sits just above a potentially critical pivot point of 81.415.

Part of the rally in the Canadian off last week’s lows was the result of a distinct deterioration in the outlook for the US economy and

A recovery effort remains under way in the Pound as the situation in Ukraine hasn’t markedly changed from Friday and

G10 FX is essentially flat with EURUSD at 1.3397, USDJPY at 102.30, and AUDUSD at 0.9320.