Forex Analysis
EUR/USD Analysis
The key event risk for EUR this week is today’s ECB meeting. We and the market expect no new policy announcements from
Trading US labor market data – the short-term & the big picture
After ADP, it will take something ‘big’ like a 250K+ nonfarm payroll to get the market excited.
The Global Macro Pulse
AUDUSD fell from 0.9435 to 0.9379 following RBA Governor Stevens’ statement that the AUD is significantly overvalued.
FX Daily
After the significant easing steps in June we expect ECB to largely repeat themessage from the June meeting at today’s meeting.
AUD/USD Analysis
Aussie the main mover this morning in the Asia-Pacific, after it started the day under the US high of $0.9460 at $0.9443.
FI Eye-opener: Let the bubbles build
The much stronger than expected US ADP jobs pushed safe haven bond yields clearly upwards. 10-year US Treasury yield jumped 6bp to 2.63%,
EUR/USD Analysis
The pair opened at $1.3660 this morning in Asia just off last night’s $1.3669 US session high but
GBP/USD Analysis
The pair closed in NY Wednesday at $1.7165 after rate saw extended highs of $1.7180 following release of stronger than forecast UK construction PMI data.
USD/JPY Analysis
JPY opened at Y101.77 this morning in Asia and euro-yen started at Y139.01. Early dealings were muted with dollar-yen holding a Y101.76/79 range
What To Expect From NFP?
A shortened-holiday week will conclude tomorrow with the June employment report. We forecast a rise of 250k in June – up from a 215k estimate prior to the ADP report.
AUDUSD Analysis
With AUD touching 0.95 and diverging from fundamentals, some investors have started to worry about
EUR Mid-day Analysis
A series of lower highs this week and French calls for the ECB to begin asset purchases should leave thebias in the Euro pointing downward today.