Forex Analysis
USD Mid-day Analysis
The Dollar is somewhat off balance this morning because of fairly decent Euro zone industrial outputfigures provides some pause to would-be Dollar buyers.
CAD Mid-day Analysis
Like the Pound, the Canadian remains in favor. We suspect that the recent chain of gainsin Chinese equities, positive industrial output readings from the Euro zone and
GBP Mid-day Analysis
The Pound is back in favor and it seems to have definitively rejected a temporary retest of the 50 daymoving average down at 1.6790.
Central European Daily
Hungarian inflation data weighed on forint CNB signals later exit from intervention regime Negative Hungarian inflation fuelled speculations that the NBH would deliver one more base rate cut.
Flow fallacies and the AUD
We break down capital flows data and conclude that ‘flows’ will only push AUD through parity if: the mining investment boom returns; or interest rate differentials between Australia and
FX Daily
In the US we expect growth in retail sales to have remained relatively subdued in Mayas less boost from weather-related pent-up demand probably continued to weigh a bit.
FI Eye-Opener: Too little Fed tightening in prices
Yields headed higher early yesterday, but profit taking in the equity markets finally pushed yields down, though only marginally.
AUD/USD Analysis
Aussie slightly lower on the day after spending most of the session in a narrow $0.9370/90 range, except for two brief moves to establish the highs and lows.
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6791 after rate had extended its recovery off early session lows of $1.6738 to $1.6812 in NY (post London fix).
EUR/USD Analysis
The pair closed in NY Wednesday at $1.3533 after rate had bounced between $1.3525-55 in the US session, within a slightly wider intraday range of $1.3522-57.
USD/JPY Analysis
JPY started at Y102.07 in Asia Thursday from a NY range of Y101.87-Y102.07, the spot touched Y102.10 before sliding lower to hit session low of Y101.97 and surged to session high of Y102.15.
India GDP Update – March Quarter 2014
India’s economy expanded by 4.6% during the year to March quarter 2014. The strong net export performance helped to compress the Current Account Deficit to USD32.3bn,