Forex Analysis
FI Eye-Opener: Searching for inflation
German and longer US yields edged lower yesterday, while shorter US yield rose a bit. In general, the moves were rather limited,
AUD/USD Analysis
Aussie started this morning at $0.9374 and then found itself holding in a $0.9362 to $0.9378 range in early Asian dealings, just below last night’s $0.9371/84 range during the US hours.
FX Daily
EU foreign ministers are meeting today to decide on further sanctions againstRussia following the MH17 crash. In particular UK’s Cameron is pushing foradditional sanctions.
EUR/USD Analysis
A very quiet session for the euro this morning after it opened just under the US session high of $1.3526, at $1.3523.
GBP/USD Analysis
The pair closed in NY Monday at $1.7076 after rate had seen extended lows of $1.7056 post London fix,
USD/JPY Analysis
Japanese markets re-opened today after a long weekend and JPY started around Y101.40 this morning.
China PBOC Suspends Open Market Ops Amid Tightened Liquidity
The People’s Bank of China took the unsurprising step of suspending Tuesday’s open market operations amid some of the tightest liquidity conditions seen so far this year.
EUR Mid-day Analysis
While the Euro showed some initial recovery action overnight, the technical and fundamental setupremains in favor of the bear camp.
JPY Mid-day Analysis
There continues to be just enough global geopolitical uncertainty to underpin the Yen near its recent highs.
CHF Mid-day Analysis
The Swiss was unable to return to its recent highs and that would seem to confirm a continuation of adown trend that has basically been in place since early May.
USD Mid-day Analysis
The Dollar is starting the week in a positive fundamental and technical position. In addition to residualsupport from positive US data at the end of last week,
CAD Mid-day Analysis
The Canadian has a decision to make this week as it appears to have shut off theaggressive slide that started earlier this month.