Forex Analysis
EUR Mid-day Analysis
A definitive range up extension this morning suggests that the bull camp has retained the edge that wasregained last week!
CHF Mid-day Analysis
Not to be outdone by the Euro, the Swiss has also spiked up in the wake of the US Fed message.
JPY Mid-day Analysis
The Yen has risen above its 50 day moving average and seems to be poised to retest the June highs up at98.48.
USD Mid-day Analysis
The Dollar continues to slide this morning despite IMF calls for more ECB action to head off deflation!Apparently the Fed’s confidence in a slow recovery
CAD Mid-day Analysis
Not surprisingly the Canadian is a prime benefactor of the Dollar washout. However, theCanadian was also lifted by stronger than expected Canadian April Wholesale sales and
GBP Mid-day Analysis
The Pound clawed out a fresh higher high overnight and managed that action in the face ofdisappointing UK retail sales results.
Central European Daily
Rally on the Hungarian bond market re-activated? While Hungarian bonds were facing a negative correction as the bond yield curve also moved upward between 20 and
CHF: gravity pulls
The Swiss National Bank keeps the status quo, blessing a weaker CHF. We do see higher EURCHF at the end of 2014 and on…but the USDCHF will likely come down in the near term on broad USD weakness post FOMC,
We Stay Long USD
The FOMC meeting did not deliver a significant change in message, notes BNP Paribas.
AUD: Forecasting Flows; The Fed and the Aussie; Iron Ore Tension
In an FX daily last week we showed that credit growth, business investmentand the ratio of Australian to US interest rates could explain the bulk of thevariation in net FDI and portfolio flows.
The Global Macro Pulse
The overnight dollar fall was sustained in Asia. AUDUSD is steady at 0.9403, EURUSD is 1.3590, and USDJPY is 101.92.
FX Daily
Today markets will probably continue to digest details from yesterday’s FOMCmeeting as the schedule mainly contains tier 2 data, although rate decisions in Norwayand Switzerland will also be in focus.