Forex Analysis
AUD/USD Analysis
Aussie was held in a tight range Friday ahead of the US Non-farm Payrolls data with $0.9325/$0.9341 capping the day.
GBP/USD Analysis
The pair closed in NY Thursday at $1.6817 after was pressed to session lows of $1.6723 on the initial reaction to ECB Draghi’s liquidity action,
USD/JPY Analysis
The pair opened at Y102.40 this morning and then spent the early hours of the morning trading sideways in a narrow Y102.37 to Y102.46 range,
Will Effects Of Draghi ‘Shock And Awe’ Endure?
Analysts believe the ECB’s took bold action Thursday in deploying a panoply of new measures designed to ease monetary conditions in the currency bloc and to attempt to head off the risk of further disinflation.
EURO Set To Resume Its Uptrend Post-ECB
The ECB cut interest rates as expected, but Draghi said that to all practical purposes interest rates have reached their lower bounds, notes Australia and New Zealand Banking Group (ANZ).
EUR Mid-day Analysis
While German manufacturing results were positive, the Euro zone also saw a sharp year over year rise inretail sales and that has clearly increased the debate on what the ECB will do later this morning.
CHF Mid-day Analysis
The bulls in the Swiss will suggest that the June contract has built a fairly significant consolidationsupport zone around the 1.1133 level and
JPY Mid-day Analysis
The Yen has forged a slight recovery move overnight and that action might have been the result of shortcovering ahead of important developments in the Euro and US today.
USD Mid-day Analysis
Once again the Dollar remains within striking distance of its recent highs and it is seemingly benefitingfrom ideas that the ECB will announce fresh easing moves later today.
CAD Mid-day Analysis
The Canadian slide this week has been partially the result of renewed strength in theDollar, but it has also been partially the result of sagging growth views toward China.
GBP Mid-day Analysis
The Pound might be poised to come back into consistent vogue after the consistent slide of the lastmonth!