Forex Analysis
FI Eye-Opener: China with a positive surprise for a change
Core bond yields tried higher again early yesterday, but in the afternoon weak US retail sales (see more below) gave bonds a boost again.
FX Daily
Today’s data calendar is relatively light with focus likely to stay on US data. In linewith consensus expectations,
USD/JPY Analysis
JPY opened at Y101.70 and euro-yen at Y137.83 on Friday 13th in Asia, from NY’s range of Y101.61-Y102.14 & Y137.73-Y138.18.
AUD/USD Analysis
A subdued day for the currency with no major data as weakness on the crosses saw the market give back some of the Thursday gains.
GBP/USD Analysis
The pair closed in NY Thursday at $1.6933, just off intraday highs of $1.6938. Sterling had traded with a firm tone through the day,
EUR/USD Analysis
The pair closed in NY Thursday at $1.3552 rate had recovered off an extended low of $1.3512, touching a high of $1.3572 during the NY afternoon,
Nomura: EUR/USD View
Nomura has revised its EUR/USD forecast projecting a gradual depreciation path over the coming months. Nomura outlines 4 main reasons behind this call.
ECB Weidmann: Sovereign Bond Buys Widely Used But Risky MonPol Tool
European Central Bank Governing Council member Jens Weidmann said Thursday that purchases of sovereign bonds by central banks come with risks even if monetary authorities often rely on such actions.
EUR Mid-day Analysis
As suggested in Dollar coverage this morning’s Euro zone data released overnight has tempered bearishattitudes toward the Euro which was clearly definitively bearish earlier this week.
CHF Mid-day Analysis
Like the Euro, the Swiss continues to face a bearish chart setup and lingering bearish fundamental vibes.
JPY Mid-day Analysis
Yen comes into the action today holding above its 50 day moving average at 97.92 and seeminglypoised to continue to claw higher on its charts.