Forex Analysis
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Up this week The hawkish surprise from the RBNZ should resound with markets for the next few weeks at least.
Markets Outlook – Optimism Gets Real
Post a solid increase in Q1 GDP, abatement certainly seems to be the more recent theme in the local data. However, for the most part this appears mostly a case of optimism getting real.
Weekly Commentary
Last week the Reserve Bank increased the OCR for a thirdconsecutive time to 3.25%, and delivered much the sameguidance on future interest rates as it did in its MarchMonetary Policy Statement (MPS).
Bank of Tokyo-Mitsubishi: GBP View
EUR/GBP: “In our latest monthly FX Outlook report, we projected that EUR/GBP would fall to 0.7500 by the end of Q1 2015 supported by the assumption that the BoE would begin to raise rates in February 2015.
Weekly Economic & Financial Commentary
U.S. Review Mixed Results from Economic Data Releases This Week • Retail sales increased a lower-than-expected 0.3 percent in May,
Weekly CFTC Trader Positioning Data
• This week there was a surge in bearish EUR sentiment while most other position changes paled in comparison.
EUR Mid-day Analysis
While the Euro has managed a slight rebound overnight, talk that the ECB might be investigating the needfor additional stimulus probably serves to
CHF Mid-day Analysis
The Swiss has forged a week ending short covering bounce but we don’t see the fundamental setupshifting and allowing the bull camp to consistently regain control.
JPY Mid-day Analysis
Yen might see its flight to quality role tempered today as Chinese data overnight was slightly positiveand US data later today might be seen as acceptable.
USD Mid-day Analysis
The September Dollar forged another lower low overnight and in the process the Greenback reacheddown to the lowest level since June 14th.
CAD Mid-day Analysis
Overt weakness in the US Dollar has helped the Canadian become a little moreresponsive to rising metals and energy prices.
GBP Mid-day Analysis
As we suggested earlier this week, the Pound is expected to remain in vogue because its economicrecovery is head and shoulders above other key economic zones.