Forex Analysis
JPY Mid-day Analysis
The Yen is catching some minor lift this morning off a lack of alternatives but also because of supportivecomments from the BOJ overnight.
USD Mid-day Analysis
The Dollar remains within striking distance of its recent highs overnight in the wake of comments from
CAD Mid-day Analysis
The Canadian is showing some initial positive technical action to start today and part ofthat action might be the result of overt weakness in the Euro,
GBP Mid-day Analysis
The Pound remains in a weak downward track on the charts in the wake of suggestions from the BOEthat no rate hike timing is in place.
The Global Macro Pulse
AUDUSD rallied to 0.9432 in response to higher-than-expected trimmed mean inflation in Q2. USDJPY drifted off of its overnight highs to trade at 101.41.
FI Eye-Opener: Some easing in Euro-zone deflation threat
German bond yields posted a small rebound yesterday and the curve steepened a bit. The 10-year yield edged higher by 2bp, but remains depressed.
AUD/USD Analysis
Aussie started at $0.9394 this morning following a $0.9380 to $0.9423 range during the US hours last night.
FX Daily
On the data front, the calendar is thin today with minutes from the Bank of England(BoE) July meeting as the main event.
EUR/USD Analysis
The pair posted new 2014 lows near $1.3459 last night in the US before ending below the psychological $1.3500 mark,
GBP/USD Analysis
The pair closed in NY Tuesday at $1.7063 after recovering off a NY low of $1.7042, extending the move, post London fix, to $1.7067.
USD/JPY Analysis
A generally subdued session for pair this morning although there was some interest in yen crosses earlier.
AUD: Outlook & Forecasts
The AUD has been well supported recently, irrespective of rising risk aversion.