Forex Analysis
CAD Mid-day Analysis
The Canadian is catching some minor support from weakness in the Dollar and perhaps itis indirectly benefited by fresh talk of easing from the ECB.
GBP Mid-day Analysis
The Pound is clearly undermined by BOE suggestions that it is premature to consider hiking interestrates, but the Pound might also be a little off balance because of central bank complaints about the lofty Poundexchange rate.
BNP Paribas increased its short EUR exposure
BNP Paribas increased its short EUR exposure via a fresh short position in EUR/GBP.
Does reserve diversification really impact the value of the AUD?
One question that tends to recur from time to time is whether reservediversification impacts the value of the AUD beyond the intra-day.
The Global Macro Pulse
EUR edged higher to 1.3717 after briefly trading below 1.37 at the NY close. USDJPY reversed yesterday’s gain, falling steadily to 102.15.
FI Eye-Opener: Even the Bundesbank sees the need to ease furthe
Bonds rallied in earnest yesterday on both sides of the Atlantic on the back of disappointing US retail sales and reports that the Bundesbank would back more ECB easing.
FX Daily
Euro industrial production is expected to decline in March in line with the movementacross countries. The lower production is partly due to fewer working days in March.
AUD/USD Analysis
Aussie traded a $0.9343 to $0.9383 range in the US last night and then moved higher after it opened at $0.9360 this morning.
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6827 after rate had extended lows to $1.6819 in late NY trade but struggled to build on the move. The recovery extended into Asia from an early low of $1.6825,
EUR/USD Analysis
Another day of broad weakness for the euro this morning in the Asia-Pacific, although the single currency has stayed above the US low so far.
USD/JPY Analysis
A morning of mild gains in the yen today after it started at Y102.26 vs the dollar and at Y140.13 against the euro. Dollar-yen started the session in a tight Y102.22/29 range and
EUR Mid-day Analysis
With a series of significant losses in the Euro putting the currency down sharply over the last 4 tradingsession’s it is not surprising to see more declines in the face of softer than expected German ZEW confidencereadings overnight.