Forex Analysis
FI Eye-Opener: Fed not ready to turn more hawkish yet
Bonds rallied on both sides of the Atlantic yesterday, as the messages in the Bank of England minutes and
AUD/USD Analysis
Aussie witnessed another dull session this morning after it traded in a $0.9322 to $0.9410 range during the US hours last night.
EUR/USD Analysis
The pair opened at $1.3595 this morning after the post-FOMC gains that saw it top out at $1.3599 last night.
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6990, euro-sterling at stg0.7995. In the European morning, cable slipped on release of BOE Minutes to
USD/JPY Analysis
The piar opened at Y101.92 after last night’s post-FOMC run which ended at a Y102.37 high in the US. Moves this morning were more limited with dollar-yen slipping early to
Credit Suisse: GBP View
The UK provides an encouraging template of the tradable opportunities that arrive where growth and/or inflation develops sustained momentum, notes Credit Suisse.
GDP Disappoints Only the Overly Enthusiastic
We wouldn’t make too much of the fact March quarter GDP, in expanding 1.0%, fell short of the 1.1% increase expected by the market, and us.
EUR Mid-day Analysis
The Sept Euro remains well inside of yesterday’s range this morning, but has been able to steer clear ofdownside follow-through after yesterday’s reversal.
CHF Mid-day Analysis
The Sept Swiss remains subdued this morning, but has shaken off a surprisingly weak reading for theSwiss ZEW survey to post a modest gain.
JPY Mid-day Analysis
A steady erosion of safe haven support, both from stronger Japanese equities and from a lack of freshheadlines out of Iraq and Ukraine,
USD Mid-day Analysis
The Dollar has seen little follow-through so far from Tuesday’s reversal as prices have held within atight overnight range in front of today’s key events.
CAD Mid-day Analysis
The Sept Canadian has kept within a tight range going into today’s trading, and likelyneeds to