Forex Analysis
Central European Daily
CNB’s governor sees no need to raise the floor for EUR/CZK, but confirms later exit from the current regime Despite restricted temporary deviations, the Czech currency has been
FI Eye-Opener: Reaching for the stars
German bond yields fell back yesterday and the curve bull-flattened. The 10-year yield retreated by 2bp, roughly offsetting the move from the day before.
AUD/USD Analysis
Another session of large moves for the Aussie today after it opened at $0.9456. Early dealings were confined to a $0.9435 to $0.9450 range with
FX Daily
Overall, we expect to see a slight improvement in euro area PMIs for July. In ourview it will probably be a bit more pronounced in the service sector,
EUR/USD Analysis
The pair opened at $1.3464 this morning, that level marking the high so far for the session. Euro-dollar then spent a choppy but
USD/JPY Analysis
The pair started this morning’s session at Y101.48 in the Asia-Pacific, and made early forays up to the Y101.56 highs traded last night in the US.
GBP/USD Analysis
The pair closed in NY Wednesday at $1.7040 after rate had extended its corrective pullback to $1.7024 with recovery efforts failing around $1.7050.
RBNZ raises key interes rate to 3.50% as expected
Nomura: The RBNZ hiked its policy rate by 25bp to 3.50%, in line with market expectations.
Time for a Pause
Our forecast rate track remains unchanged as a consequence of today’s statement. We forecast no change in rates in either September or October and
JPY: Outlook & Forecasts
The JPY has been trading within the past few months’ trading range. There is limited room for the BoJ to easing monetary policy further,
EUR Mid-day Analysis
While the 2nd round of sanctions haven’t been fully employed and there is talk of additional sanctions being levied against Russia,
CHF Mid-day Analysis
Like the Euro, the Swiss remains in a down trend pattern on the charts with a fresh lower low and thelowest price since January 31st.