Forex Analysis
USD Mid-day Analysis
The Dollar remains underpinned by last week’s surprisingly positive Non-farm payroll result.
CAD Mid-day Analysis
The revival of US Dollar strength off the last US payroll report started the corrective slidein the Canadian but
GBP Mid-day Analysis
A slide in the Pound overnight reinforces the corrective tilt that has been in place since July 2nd.
China Reserve: How has this affected on global FX?
China continues to drive global FX reserve accumulation, with close to US$4 trillion in holdings. How has this affected global FX so far, and how will it continue going forward?
The next 48 hours
The next 48 hours will be crucial here in Asia for more than just football. Both the main carry currencies – IDR and INR – have significant event risk to contend with.
The Global Macro Pulse
G10 FX was mixed, with AUD rising to 0.938 on improvement in NAB business survey, while CAD continued to weaken by another 0.2%.
AUD/USD Analysis
Aussie started this morning just under last night’s US session high of $0.9375, at $0.9372 and encountered minor weakness to $0.9366 in early dealings.
FI Eye-Opener: German growth stalling?
Bond yields edged slightly lower yesterday on equity weakness and poor Euro-zone economic data, but trading volumes remained low.
FX Daily
A fairly light calendar again. In Europe the most interesting releases are Maymanufacturing production in the UK and foreign trade data for May in Germany.
EUR/USD Analysis
The pair started out at $1.3605 this morning after last night’s $1.3591 to $1.3609 range during the US session, and then edged back up to the US high again in early dealings.
GBP/USD Analysis
The pair closed in NY Monday at $1.7128 after rate had been pressed lower through the European session to a low of $1.7109 as traders pared longs ahead of today’s release of UK IP/Mfg data (0830GMT).
USD/JPY Analysis
The pair opened at Y101.86 this morning and was held to a Y101.85/90 range in early dealings before drifting lower.