Forex Analysis
USD/JPY Analysis
The pair opened at Y101.90 this morning while euro-yen started at Y141.70. Early moves were muted with dollar-yen easing to Y101.84.
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6955 as rate continued to slowly give back Tuesday’s gains, the rate reversing away from Tuesday highs of $1.6997 through Wednesday to a session low of $1.6952.
EUR Mid-day Analysis
The Euro reached a rather expensive level on the charts yesterday and is showing some retrenchmentaction in the early going today.
CHF Mid-day Analysis
Like the Euro, the Swiss became short term overbought from a technical and fundamental perspective. Infact, slack German data overnight, fresh eastern Ukraine referendum talk and
JPY Mid-day Analysis
A fresh upside breakout on the charts in the Yen overnight was made possible by ongoing ideas that theJapanese sales tax hike hasn’t held back growth as much as was feared.
USD Mid-day Analysis
While the Dollar is showing some minimal recovery action this morning the action appears to be mostlytechnical in nature.
CAD Mid-day Analysis
While a portion of the sharp Canadian Dollar rise this month was the result of massiveweakness in the Dollar, a Canadian trade surplus, a relatively high Purchasing Managers Index result and
GBP Mid-day Analysis
While the Pound has the fundamental capacity to continue to rise on its charts, it is short termoverbought and in need of a modest corrective balancing move.
Central European Daily
Forex and fixed-income markets in Central Europe remained calm yesterdaydespite ongoing deadly clashes in eastern Ukraine.
Euro Strength & Dollar Weakness: The Missing Link
Everybody seems to be searching for the missing link. Why is stronger US data not feeding into US rates and a stronger dollar?
EUR/USD: Upside Risk Intact If No Aggressive ECB Action On Thurs
The EUR has been in demand of late, mainly on the back of the notion that there is little risk of the ECB considering unconventional policy measures such as cutting the deposit rate negative as soon as this week.
Waiting for Yellen
The dollar had a miserable day yesterday, undermined by the fall in US rates. 10s are under 2.6% and the 1year in 5 years is testing the lows seen last October,” notes SocGen.