Forex Analysis
CHF Mid-day Analysis
The June Swiss remains off balance on the charts but appears to have found some support around the1.1250 level. Slack German confidence readings provided the brunt of the slide in the Swiss overnight,
JPY Mid-day Analysis
With a pattern of positive euphoria generally seen at the start of this week, acceptable Chinese Industrialoutput figures and ongoing gains in US equities, the bear camp in the Yen retains an edge.
USD Mid-day Analysis
While the Dollar forged a significant upward extension on the charts overnight, the market wasn’t ableto hold all of those gains.
CAD Mid-day Analysis
The Canadian remains under the spell of the softer than expected Canadian jobs resultfrom last week. With the US Dollar also showing ongoing strength overnight that has added to
GBP Mid-day Analysis
The Pound was overbought technically into the recent highs. Some might suggest that the Pound wasoverbought fundamentally into the recent highs and therefore the bulls in the Pound probably need to
Nomura: EUR/USD Analysis
Moving beyond the very big-picture issue of the perception of the euro as a harder or softer currency, what are the key issues for the next three-six months? We think there will be three main driving forces for EURUSD:
Central European Daily
Hungarian consumer prices slid by 0.1 % in April CEE currencies shrug off turmoil in Ukraine Central European currencies remained stable on Monday.
The Global Macro Pulse
The Indian rupee was the main mover in Asia trading. USDINR gapped 0.8% lower to 59.60, its lowest level since July 2013, as exit polls projected a strong victory for the BJP-led coalition.
EUR: ECB Rhetoric Vs Capital Flows
The EUR has been capped, mainly on the back of ECB members’ supporting the notion of more aggressive policy action to become more likely as soon as at next month’s central bank meeting.
FX Daily
We expect another small decline in German ZEW expectations in May after it hastrended downwards during the first few months of 2014.
FI Eye-Opener: No signs of any crisis in equity markets
Bond yields rose yesterday on both sides of the Atlantic, more so in the US than in the Euro zone. The US 10-year yield jumped by 4bp, while the German 10-year yield climbed a more subdued 1bp.
AUD/USD Analysis
Aussie opened in Asia at $0.9362 this morning after a $0.9357 to $0.9386 range in the US last night but has seen a fairly muted morning so far.