Forex Analysis
FX Daily
A bunch of US key figures are on the calendar for today. We expect a slight setbackin personal income and personal spending growth in line with the market’sexpectation and unchanged PCE core inflation.
FI Eye-Opener: Bonds still in demand for a while
Core bonds continued to rally hard on Wednesday, and the rally initially continued yesterday, before yields rebounded. The US 10-year yield touched 2.40% yesterday, before rebounding to around 2.47% currently.
AUD/USD Analysis
Aussie started this morning at $0.9307 after powering to a $0.9313 high during the European session yesterday. It ran into early weakness to $0.9301 but
EUR/USD Analysis
The pair started in Asia at $1.3602 this morning after last night’s $1.3595 to $1.3626 US trading range. Euro-dollar encountered some early weakness as euro-yen retreated,
Crédit Agricole: USD/CAD Ahead Of Canadian GDP
The focus in Canada this week will be on today’s release of GDP and April industrial production.
USD/JPY Analysis
JPY opened at Y101.78 this morning, off the US low of Y101.43 while euro-yen started at Y138.45 in Asia today. Month-end dealings were muted with
GBP/USD Analysis
The pair closed in NY Thursday at $1.6717 after rate saw a sharp reversal off session lows of $1.6693 to $1.6741 during the European morning,
EUR/USD Into ECB June Meeting: Next Week Range & Outlook
The following are EUR/USD range and and bias for next week as provided by Bank of Tokyo-Mitsubishi UFJ, Ltd (BTMU).
EUR Mid-day Analysis
While the Euro is facing a distinct pattern of lower lows and lower highs on its charts, a quasi-doublebottom around 1.3586 level would seem to provide a fresh layer of support.
CHF Mid-day Analysis
Like the Euro, the Swiss might have become short term oversold and due for a temporary bounce. Downtrend channel resistance is seen today at 1.1170 today and
JPY Mid-day Analysis
A flurry of dialogue from the BOJ overnight would seem to have sparked a wave of buying in the Yen butsome of the recent buying might have been technical short covering.
USD Mid-day Analysis
The Dollar wasn’t able to claw out a higher high overnight and that isn’t surprising considering thepotentially for non-descript scheduled data flows later today.