Forex Analysis
Brittle consumer sentiment: more than the Budget?
This Wednesday’s release of the monthly Westpac-Melbourne Institute (W-MI) monthly measure of consumer sentiment follows a marked decline over recent weeks in the weekly Roy Morgan measure of Consumer Confidence.
FX: don’t dream it’s over
USD is testing multi-month resistance, but needs to confirm the break yet. Lower global yields – key risk for EURUSD. But hopes that China won’t disappoint this week…
Weekly Commentary
Recent developments have allayed some of our concernsthat the private sector would respond to the economicupswing by going on an unproductive spending spree.
What To Do In FX When There’s Nothing Worth Doing?
Although the dollar index remains within its trading range of the last two months, FX has hardly been dull on a pair-wise basis.
BNZ: USD Recovery: Delayed Or Dead?
Bank of New Zealand retains the conviction that the US dollar recovery will gain traction as 2014 progresses and into 2015.
BNP Paribas: FX View
The top ten views we originally outlined in our year-ahead publication last December remain in place. To review, our 2014 top ten were:
Weekly CFTC Trader Positioning Data
This was a week of subtle but important change as the marketpared its long exposure to Europe driving the net USD position toflat. In addition, most trends are decreasing,
Weekly Economic & Financial Commentary
U.S. Review Mixed Data Unlikely to Change Fed’s Outlook • Although some indicators, such as retail sales and industrial production,
Weekly Report
Market ready of easing Last week ECB President Mario Draghi cautioned that some policy adjustment might be needed at the June 5th meeting.
EUR Mid-day Analysis
The charts look ugly and the overnight news flow didn’t definitively alter this week’s concern toward theEuro zone, even with the Euro zone managing to post a positive trade surplus for
CHF Mid-day Analysis
We see a critical pivot point in the June Swiss up at 1.1239 and to start that level might be somewhatformidable resistance.
JPY Mid-day Analysis
Apparently the outlook for the Japanese economy is improving at the same time that safe haven interest inthe Yen (off slowing fears in the US and Euro zone) is on the rise.