Forex Analysis
JPY Mid-day Analysis
With an upside breakout in the Yen overnight it is clear that something new is unfolding. With the BOJsuggesting they are half way to their inflation targets that
USD Mid-day Analysis
The Dollar has slowly eroded on the charts and we doubt that the trade will come away from the FOMCmeeting minutes later today with a distinctly bullish track.
CAD Mid-day Analysis
The Canadian is partially undermined by a decline in wholesale trade figures and by signsof soft auto sales results.
GBP Mid-day Analysis
We didn’t even need to look at a Pound chart this morning to know the currency was on the rise againas we saw generally higher equity prices, upbeat Japanese dialogue and
Central European Daily
Polish industry surprised positively in April Construction activity continues to pick-up The Central European currencies barely moved against the euro yesterday.
Commerzbank AUD/USD View
Commerzbank enters a short AUD/USD at market as a technical trade recommendation with a stop at 0.9310, and a target at 0.9060. CB plans to add to this short at 0.9275.
Commerzbank EUR/USD View
Commerzbank re-trails the stops on its short EUR/USD to 1.3780. The trade entered at 1.3955 with a target at 1.35.
The Global Macro Pulse
USDJPY broke lower to 101.15 even as EURUSD traded flat at 1.3702. AUDUSD edged lower to 0.9233. Most EM Asia currencies softened modestly against the dollar.
FI EYE-OPENER: Spreads widen more
The Bundesbank warns carry-chasers Spread widening continues for e.g. Italien govies The EURUSD FX is in a wait-and-see position This afternoon, minutes from FOMC and Yellen speaks Bank of Japan refrains from adding even more stimulus
FX Daily
Only tier-2 data on the global agenda today. UK retail sales are expected to havestrengthened again in April after soft spending in March.
AUD/USD Analysis
Aussie opened at $0.9243 this morning and has since been trading mostly lower through the Asia-Pacific session. Aussie-dollar lost ground in early dealings to around $0.9232 soon after
EUR/USD Analysis
The pair witnessed a quiet morning n the Asia-Pacific today, starting the day at $1.3702 after last night’s $1.3688 to $1.3706 range in the US.