Forex Analysis
RBNZ: Still Singing The Same Tune
We saw nothing today to change our view that this tightening cycle has a long way to run before it’s all over and done with.
EUR Mid-day Analysis
Traders continue to project Euro targeting to the 1.35 level with the negative interest rate condition sittingsquarely on the back of the Euro currency.
CHF Mid-day Analysis
Like the Euro, the Swiss remains technically entrenched in a downward bias. However, the June Swisshas some initial even number support at 1.1100 but
JPY Mid-day Analysis
A slight upward tilt is present in the Yen this morning and that bias might be partially the result of ongoing weakness in global equities and
USD Mid-day Analysis
While the Dollar managed another higher high for the move, overnight the market was unable to holdall of the initial gains today.
CAD Mid-day Analysis
Overt weakness in the Dollar has given a fresh window of opportunity to the Canadian overnight.
GBP Mid-day Analysis
With almost no competition from other currencies, stellar UK jobs news overnight and the Poundrecently off a noted month long corrective slide,
Central European Daily
Hungarian CPI fell by 0.1 % y/y in May Hungarian inflation remains in the negative territory.
The Global Macro Pulse
With the exception of the 0.3% rise in the Nikkei, most Asian equity markets have softened today and S&P futures are down slightly.
USD/JPY: stay long even without BoJ actions
The BoJ will likely leave QQE unchanged at the monetary policy meeting on the 12-13th. With the majority of the market now expecting additional easing in October rather than July,
FI Eye-Opener: Credit risks forgotten again
Yields continued to climb on both sides of the Atlantic yesterday, more so in the US than in Europe. The German 10-year yield edged higher by about 2bp,