Forex Analysis
CHF Mid-day Analysis
The Swiss also has a pattern of lower highs and lower lows but the magnitude of the slide from therecent highs is rather narrow.
JPY Mid-day Analysis
A pattern of lower highs looks to extend in the Yen as Japanese business sentiment improved overnight and
USD Mid-day Analysis
It would appear that the Dollar has found some support on the charts around the 79.80 to 79.83 level.
CAD Mid-day Analysis
Canadian bulls might take exception to the statement that the Pound is the mostdominating trend in the currency markets
GBP Mid-day Analysis
The rise in the Pound continues in the wake of stellar UK construction results but the Pound is short term overbought and
Central European Daily
Hungarian forint hits yet another three-month low NBP should not cut rates, but may sound dovish On Tuesday, regional PMIs for June eventually had no significant impact on trading.
Stok[k]ing the zloty
Two European central banks facing a similar dilemma will today (Poland’s NBP) and tomorrow (Sweden’s Riksbank) decide on whether to reduce rates further.
The Global Macro Pulse
G10 FX markets drifted sideways with EURUSD at 1.3677 and USDJPY up marginally to 101.62.
FX Daily
A relatively light data calendar. The most interesting release is the ADP privateemployment report in the US that will
FI Eye-opener: Party on
US equity markets inched to new highs with the ok US and Chinese data and the US 10-year Treasury yield jumped 5bp to 2.57%.
AUD/USD Analysis
Aussie traded a fresh 2014 high of $0.9505 last night, also the highest level since early-November 2013 before it started this morning’s session at $0.9497.
EUR/USD Analysis
The pair has had another relatively subdued session in the leadup to this Thursday’s ECB meeting, after it opened at $1.3679 this morning.