Forex Analysis
GBP Mid-day Analysis
The Pound has restarted its downward motion on its charts in the wake of a dampening BOE inflation/wage outlook.
We Stay Short EUR/USD – Credit Agricole
Accordingly the German ZEW economic sentiment survey was released at the lowest level since 2012.
FX Daily: Take a chill pill
After last week’s brief excitement markets have relapsed back into summer slumber.
The Global Macro Pulse
The yen couldn’t sustain early gains after a smaller-than-expected decline in Q2 GDP and is now flat on the day at 102.29 to the dollar.
FI Eye Opener: Germans happy to be worried
Bond yields still at rock bottom. Japanese GDP down in line with expectations. US retail sales today. Bond supply from Germany and US.
FX Daily
Focus will remain on uncertainty related to the situation in Ukraine. In terms of data releases the main event is US retail sales for July,
AUD/USD Analysis
Aussie closed in NY Tuesday at $0.9268 dipping from the highs in the last hour of trading after a $0.9247-77 range on the day.
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6813 after rate had extended its recovery, off early Europe lows of $1.6757, through the US session to a high of $1.6817.
EUR/USD Analysis
The pair started at $1.3369 this morning in Asia, following a $1.3340 to $1.3370 range during the US hours overnight.
USD/JPY Analysis
The pair flirted with the 200-day moving average (Y102.34 today) on Tuesday before closing marginally below in New York at Y102.26.
EUR Mid-day Analysis
In a word, the outlook for the European economy has taken another hit in the wake of the German ZEW slide.
CHF Mid-day Analysis
Not surprisingly the Swiss is falling in sync with the Euro in the wake of softer than expected German ZEW results.