Forex Analysis
Trading patterns surrounding the FOMC minutes
• The FOMC minutes have proved important in bridging the gap between what the dovish Fed leadership are thinking, and the evolving view among other FOMC members.
The Global Macro Pulse
The USD strengthened in mid-day trading in Asia. USDJPY edged higher to 101.6, AUDUSD dipped towards 0.939 and
FI Eye-Opener: 2012 lows, here we come
German bonds rallied yesterday already before the 7-1 massacre Germany delivered vs Brazil in the World Cup.
FX Daily
The main event is the release of the FOMC minutes from the 17-18 Junemeeting, when policy makers trimmed the bond purchase programme by USD10bnfor the fifth consecutive gathering.
AUD/USD Analysis
Aussie opened at $0.9400 this morning in Asia after a $0.9394 to $0.9415 range last nightin the US.
EUR/USD Analysis
The pair closed at $1.3612 last night in New York, and started this morning in a tight $1.3609/15 range.
GBP/USD Analysis
The pair closed in NY Tuesday at $1.7131 after rate recovered off its UK IP/Mfg react lows of $1.7085 to $1.7135, settling around $1.7130 into the close.
USD/JPY Analysis
The pair started at Y101.57 this morning and went through last night’s US low of Y101.48, to a low of Y101.47 in early dealings following
Euro Not All That “Crazy” To Correct Lower In H2
Despite statements to the contrary, the euro, at current levels around $1.3600, is not all that “crazy” and
EUR Mid-day Analysis
The Euro probably dodged a bullet from the UK May manufacturing results overnight as the readingswere softer than expected.
CHF Mid-day Analysis
Like the Euro, the Swiss remains under a bearish technical cloud from a recent pattern of lower highs.
JPY Mid-day Analysis
Overnight the Yen has thrown off the bearish tilt that was in control from the June 30th peak.