Forex Analysis
USD/JPY Analysis
The pair started in Asia at Y101.58 after recovering from the overnight fall to Y101.31 lows. Early selling pressure saw dollar-yen slip a bit and this accelerated after Japanese stocks opened lower.
Nordea: USDJPY Analysis
Nordea Markets official forecast is unchanged: USDJPY at 102 in 3M, with downside risks.
US Yields Drop Sparks Risk Aversion: Something Is At Work?
The sharp drop in longer-term U.S. Treasury yields, seen in recent sessions and again Thursday, has sparked risk aversion in other asset classes, with the dollar tumbling versus most majors, and commodity and stock prices falling.
USD: Recovery Delayed, Not Dead
We retain conviction in our view that the US dollar recovery will gain traction as 2014 progresses and into 2015. At the same time, our mid-2014 forecasts for most G10 pairs now look to be a stretch.
EUR/USD At A Turning Point: New FX Forecasts
Mario Draghi’s ‘promise’ of further ECB easing in June could very well be the turning point for the euro and in general we have pencilled in more euro weakness to
EUR/USD: ‘Killing It Softly’; How To Trade It Now?
Appreciation of the EUR has unnerved the ECB and the Central Bank has signalled that it is ready to act as early as June, notes Nordea Markets.
EUR: From Hero To Sub-Zero Or Not Yet?
Investors have put on fresh EUR-shorts expecting more ECB action ahead of the June meeting, notes Citi.
EUR Mid-day Analysis
A huge range down extension in the Euro is justified in the wake of dismal economic readings fromFrance and Italy. Some might suggest that seeing Euro zone April CPI figures ring in at
CHF Mid-day Analysis
With the Swiss tied to the Euro on upside and downside moves, it is not surprising to see the Swissrange down sharply again this morning.
JPY Mid-day Analysis
The action in the Yen is choppy as the ebb and flow of safe haven interest has been inconsistent this week.While the yen did manage a fresh new high for the move overnight on favorable BOJ economic talk,
USD Mid-day Analysis
More Dollar gains overnight suggests that the combination of rather hot US inflation readings andsuspicion toward growth in France and Italy has shifted sentiment in the Greenback more fully in favor of the bullcamp.
CAD Mid-day Analysis
The Canadian should remain off balance because of a firmer US dollar and sagginginternational economic growth views.