Forex Analysis
FI Eye-Opener: Bills with negative return back
Core bonds rallied further early yesterday on geopolitical concerns and equity weakness, but the moves moderated towards the evening.
EUR/USD Analysis
The pair started this morning at $1.3574 after a $1.3530 to $1.3580 range in the US last night. Euro-dollar edged higher in early dealings after
GBP/USD Analysis
The pair closed in NY Monday at $1.6980, euro-sterling at stg0.7990. Cable took out the $1.7000 barrier and extended to multi-year highs of $1.7011,
USD/JPY Analysis
The pair opened at Y101.83 this morning and after an early Y101.82/86 range, began to creep higher as ongoing worries about
Outlook for Borrowers: Post June MPS
The RBNZ raised the Official Cash Rate (OCR) by 0.25% at its 12 June meeting, to 3.25%. It remained committed to the process of ‘normalising’ the OCR,
EUR Mid-day Analysis
The path of least resistance is down in the Euro for a number of reasons. First of all, hints of furthersoftening in the German economy,
CHF Mid-day Analysis
The Swiss looks set to remain in a downward bias on its charts. Top of the down trend channel andresistance is seen today at 1.1157 and that resistance line falls down to 1.1145 on Tuesday.
JPY Mid-day Analysis
Tight ranges are expected to continue in the Yen but a consistent rise in open interest in the Yen since thebeginning of the month gives the June rally some fresh credence.
USD Mid-day Analysis
The Dollar has seemingly rejected the lower probe seen at the end of last week. Part of that recoveryaction might be
CAD Mid-day Analysis
While the Canadian continues to benefit from rising oil prices, the currency is being heldback by slack June Canadian factory data at the end of last week.
GBP Mid-day Analysis
The Pound continues to win by default but hawkish comments from the BOE and weak inflation datafrom the Euro zone highlight a classically bullish fundamental setup for the Pound.