Forex Analysis
Weekly Economic & Financial Commentary
U.S. Review An Uneven Recovery will Keep the Fed on Hold • Retail sales came in unchanged in July, which was below consensus expectations and
Weekly CFTC Trader Positioning Data
• Traders are bullish the USD but this week the data highlights several interesting shifts that provide a warning of changing sentiment.
Weekly Report
FOMC focus on labor markets “slack” The recent FOMC provided a slightly more hawkish statement by
EUR Mid-day Analysis
The Euro is vulnerable technically and fundamentally. Fundamentally economic data readings from
CHF Mid-day Analysis
With Brussels acknowledging reports of Russian armored vehicles potentially moving into
JPY Mid-day Analysis
The Yen remains in a pattern of lower highs and lower lows this morning and there might not be much in
USD Mid-day Analysis
The Dollar has some macro-economic differential head winds this morning in the face of a positive 2ndquarter UK GDP release.
CAD Mid-day Analysis
From the August low the September Canadian has mounted a rally of roughly 80 ticks and
GBP Mid-day Analysis
The Pound has been able to rebound slightly in the face of a positive 2nd Quarter GDP result.
The Global Macro Pulse
FX majors mostly tread water with EUR steady at 1.336 and USDJPY marginally higher to 102.5.