Forex Analysis
Weekly Commentary
The March quarter labour market figures confirmed that ahiring spree is under way as the economy gathers steam. But with more and more people being drawn into the work force,
EUR/USD Analysis
Euro opened at $1.3785 at the bottom of range as the euro continued to feel the effects of ECB Draghi’s dovish remarks. The weak euro tone persisted in early NY trading as euro-yen supply pressured the downside,
Opportunities Away From The FX Majors
As the market in general remains frustrated with the lack of a clear trend in G3 currencies, we highlight significant opportunities outside of these currencies.
Weekly CFTC Trader Positioning Data
The net short USD position widened to $6bn, with only CAD andJPY still held net short and AUD, NZD, MXN, EUR, GBP and CHF allheld net long. Over the last few weeks, positioning changes havebeen relatively minor.
Weekly Economic & Financial Commentary
U.S. Review From Bad to Worse: A Contraction in Q1 GDP Growth? · The trade balance data this week, for March, showed that the trade deficit was $40.4 billion,
EUR Mid-day Analysis
The Euro earlier this week was not only priced for internal perfection it was also priced for distinct slowingin the US. With some economic cracks in the Euro zone recovery surfacing from Germany and
CHF Mid-day Analysis
Like the Euro, the Swiss was recently priced for perfection and it would appear as if the currency isheaded back to the bottom of the uptrend channel down at 1.1280.
JPY Mid-day Analysis
A decline in Japanese March leading indicators of 2.2% overnight was offset by a sharp jump in NipponSteel profits. Like the overnight flow of Japanese news,
USD Mid-day Analysis
More short covering in the Dollar overnight puts the Greenback above the mid-point of the last twoweek’s range. Clearly a large portion of the buying in the Dollar is technical short covering after the aggressive
CAD Mid-day Analysis
The Canadian this week has literally been on fire with little or no fanfare from the press.With the Canadian jobs figure expected to show a gain of 12,000 jobs,
GBP Mid-day Analysis
The Pound has also seen some corrective action after a short term overbought condition earlier thisweek on the charts. Unlike the Euro,