Forex Analysis
EUR/USD Analysis
The pair opened at $1.3568 after last night’s $1.3562 to $1.3620 range seen during the US session, with the low traded after Fed Chair Yellen’s Q&A.
USD/JPY Analysis
A relatively quiet session for the JPY this morning, with dollar-yen starting the day at Y101.68 and
Beware Summer Melt-up/Fall Correction
Global investors, emboldened by shifting views about inflation and growth, have increased their equity holdings in recent weeks,
EUR Mid-day Analysis
Not surprisingly, the Euro is losing ground to start today as the trade was presented with yet anotherdisappointing German economic data point.
CHF Mid-day Analysis
The Swiss is showing early signs of weakness on the charts and that is not surprising considering the slack Euro zone data released overnight and
JPY Mid-day Analysis
With a pattern of lower highs extending overnight, the BOJ suggesting that inflation will manage to
USD Mid-day Analysis
The Dollar is showing some strength to start this morning in the wake of rumors that the US Fed mightreveal an earlier than expected rate hike timing.
GBP Mid-day Analysis
The Pound has thrown off the liquidation tide that has been in place for roughly 8 trading sessions.
Central European Daily
Inflation remains low in Central Europe The central European FX market was calm yesterday.
We stay USD long
The message from the June FOMC statement and minutes and from Yellen’s July 2 IMF speech has been that the Fed is in no hurry to begin the rate hike process, notes BNP Paribas.
The Global Macro Pulse
G10 FX rates are little changed from New York levels. The RBA minutes generated no meaningful movement in AUDUSD,