Forex Analysis
FI Eye-Opener: It’s all about politics, at least today
German Bund yield inched slightly lower to 1.36% on Thursday, as the weak French PMI’s reminded that the Euro area economy is not out of the woods yet.
AUD/USD Analysis
Aussie got a boost Thursday from the HSBC China flash PMI reading and managed a high of $0.9274 during the Asian session before retracing back during the US session overnight to a low of $0.9214.
GBP/USD Analysis
The pair closed in NY Thursday at $1.6868 after rate reversed away from earlier highs of $1.6918 to a low of $1.6851, though pullback said to have met demand in the move lower,
EUR/USD Analysis
The pair opened at $1.3656 this morning in Asia, following an overnight range of $1.3645 to $1.3674 in the US. Euro-dollar marked an initial session high of $1.3660 soon after the open and
USD/JPY Analysis
The pair opened at Y101.73 this morning after a Y101.54 to Y101.82 range last night in the US. It started out with small gains, pushing through the overnight high and
Bank of Tokyo-Mitsubishi UFJ: EUR/USD Under Modest Pressure S/T
EUR/USD – bearish bias – (1.3500-1.3800).
Credit Agricole: FX View
We advise against selling the EUR in the very short-term. This is due to the heightened risk of the ECB disappointing elevated market expectations, especially when it comes to cutting the deposit rate to negative.
EUR Mid-day Analysis
Talk that the ECB hasn’t fully decided to ease in June has provided some support for the Euro over thelast 24 hours. However, somewhat slack Euro zone May PMI data has robbed the Euro of buying interest and
CHF Mid-day Analysis
Like the Euro, the Swiss appears to be short term technically and fundamentally oversold. In fact, thespike down trade to 1.1155 was clearly rejected and
JPY Mid-day Analysis
The Yen was unable to hold all of the recent gains and the reversal probably damages the bull casesignificantly. Some suggest that the May gains in the Yen were the result of world-wide slowing fears and
USD Mid-day Analysis
The Dollar showed upside action yesterday ahead of the FOMC release but then gave ground as thenews was digested by the trade.
CAD Mid-day Analysis
With the Canadian simply losing ground this week, in the wake of a rather thin economicreport slate world-wide that could make the US claims results later this morning more important than normal.