Forex Analysis
BOE MPC Minutes Preview
With analysts anticipating that the vote at the Bank of England Monetary Policy Committee’s July 9 and
Euro Decisively Breaks Below $1.35; For How Long?
The euro decisively broke below the psychological $1.3500 mark Tuesday, with the pair posting a new 2014 low around $1.3459 before stalling.
AUD View – BNP Paribas
BNP Paribas thinks that AUD should underperform both CAD and NZD on a relative basis and remains short AUD/CAD.
EUR Mid-day Analysis
Keep in mind the ECB wants to see the Euro fall enough to rekindle international trade. Also keep in mindthe prospect of knock on slowing from
CHF Mid-day Analysis
The Swiss has ranged down sharply overnight and hit the lowest level since the June 5th spike down move.
JPY Mid-day Analysis
With somewhat positive Chinese economic vibes and mostly positive Asian equity market action,
USD Mid-day Analysis
The Dollar Index has clearly forged a fresh upside extension overnight and it would seem like the Dollar
CAD Mid-day Analysis
A very tight range in the Canadian near the recent highs overnight suggests that the tradeis paying some attention to the improvement in economic sentiment in China.
GBP Mid-day Analysis
The Pound continues to erode on the charts in the face of lackluster economic expectations for the Eurozone, Eastern Europe and Russia.
Central European Daily
Czech koruna eased to 27.50 EUR/CZK NBH will again cut rates by 10 basis points The Czech koruna eased to its one-month low against the euro yesterday.
The Global Macro Pulse
USDJPY has risen to 101.47, but the dollar failed to sustain an attempt to rally against the AUD and EUR.
GBP View – BNP Paribas
BNP Paribas sees GBP regaining some momentum this week with the main focus remains on the July MPC minutes (Wednesday) and followed by retail sales (Thursday) and Q2 GDP (Friday).