Forex Analysis
USD/JPY: Buy Or Sell?
The latest macro data releases continued to support the view of the BoJ being in no need to ease monetary policy further.
Weekly Report
Markets have priced in rate cuts Looking forward the key event will be the European central bank policy meeting.
EUR Mid-day Analysis
The Euro remains under the negative spell of easing prospects from next week’s meeting and somewhatdisappointing data from German retail sales overnight leaves the edge with the bear camp.
CHF Mid-day Analysis
Like the Euro, the Swiss remains entrenched in a well-defined downtrend channel on its charts. Notsurprisingly the Swiss is likely to
JPY Mid-day Analysis
he yen has held a relatively weak upward track on the charts and seeing Japanese April housing startscome in better than extremely weak projections has left the bull camp with a minimal edge.
USD Mid-day Analysis
The Dollar has started out a touch weaker today but we don’t see the impetus for a selling wave in theDollar today. In fact, we expected US Personal Income and Spending results to provide a minimal underpin forthe Dollar.
CAD Mid-day Analysis
Positive chart action, limited competition from other currencies and strong trade readings,leave the bull camp in control of the Canadian.
GBP Mid-day Analysis
The Pound appears to have carved out a fairly solid low from earlier in the week and that might be theresult of a lack of strength in other currencies.
EUR: How Could The ECB Surprise Next Week?
Going into the ECB meeting Citi economists and the market are expecting a 10-15bp cut in both main refi and deposit rates.
Crédit Agricole: AUD/USD Stay Long Or Buy Dips
AUD has been the top performer in the G10 over the past week. The combination of better-than-expected domestic data and further declines in US rate provided fuel for the 0.73% rally in AUD against the greenback.
The Global Macro Pulse
NZD led rallies in G10 FX, supported by strong building permits. NZDUSD rebounded to 0.850 from a two-month low of 0.845. AUD rose to 0.932 but AUDNZD is still marginally lower at 1.096.
EUR: Managing Risk Going Into The ECB Meeting
Next week’s ECB decision, press conference and inflation projections are all key for the EUR’s outlook.