Forex Analysis
AUD/USD Analysis
Aussie had another stronger day today, sitting up 13bps at $0.9386. After spending much of the morning session trading sideways in a narrow range,
USD/JPY Analysis
The pair started at Y102.35 in Asia Wednesday, from a US session of Y102.22-Y102.42, the spot drifted to Y102.30 before bouncing to touch a high of Y102.39 and
FX Daily
Today’s data calendar is very light. The main focus will probably be the April labourmarket report in the UK.
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6755 after it had been pressured lower, the rate trading to $1.6743 as it tracked euro-dollar slippage,
EUR/USD Analysis
The pair closed in NY Tuesday at $1.3545 after rate had been pressed to intraday lows of $1.3534 following the break of support in the $1.3580/85 area.
EUR Mid-day Analysis
Talks from the Germany’s Bundesbank/ECB Council member Weidmann overnight has rekindledpressure on the Euro,
CHF Mid-day Analysis
The Swiss is caught in the downdraft created by the Euro but it is also possible that Swiss retail salesgains of only +0.4% in April, were simply judged to be unimpressive.
JPY Mid-day Analysis
The Yen is garnering some indirect lift from overt weakness in the Euro and Swiss. However, the Yen isalso seeing some support from improved economic signals,
USD Mid-day Analysis
The Dollar has continued to rise overnight despite strong UK output figures and a rather thin release ofUS data yesterday.
CAD Mid-day Analysis
While the Canadian is back off its initial highs into the US trading hours, the up-trendpattern off the early June low has generally remained in place.
GBP Mid-day Analysis
Surprisingly the Pound is off balance this morning despite favorable UK economic data. UK economicdata on April manufacturing output rose +0.4% and
FI Eye-Opener: Sounds of Silence
Asian stock markets mixed. Further intra-Euro-zone spread narrowing. Today industrial production numbers and ECB refinancing operation results. Auction action starting.