Forex Analysis

CAD Mid-day Analysis

A fresh upside breakout in the Canadian is largely the result of noted weakness in theDollar and for the time being we can’t discount a continuation of that action.

GBP Mid-day Analysis

The Pound continues to lead the pack against the Dollar, with another fresh contract high thrustovernight. In addition to news that UK Services PMI rose,

Central European Daily

Calm markets eye central banks’ meetings Strong Czech exports and Hungarian retail sales in March

The Global Macro Pulse

AUDUSD popped up to 0.9310 following the RBA statement from about 0.9288, but has since fallen back just below 0.93.

Norges Bank: On hold still main message

• No rate cut • No significant change in view • But if anything a slightly more positive tone

FX Daily

The first estimate for the service PMI indicator for Italy and Spain will be the mostinteresting new information in connection with today’s release of final service PMI inthe euro area.

FI Eye-Opener: Stronger ABS for the summer

Bond yields edged higher yesterday on both sides of the Atlantic, but trading volumes were very subdued due to the UK holiday.

The pair closed Monday in NY at $1.6870 after rate had eased from an early day high of $1.6883 to $1.6855 before it settled around $1.6870 through the NY afternoon after a fairly subdued, holiday thinned, session.

EUR/USD Analysis

It’s been another dull session for the euro this morning after it opened at $1.3875. It started the session with some sporadic dips to $1.3872 but generally held above $1.3870 through the opening hours.

USD/JPY Analysis

Japanese markets are closed again today, marking the end of Golden Week, and trade activity has seen little improvement from the past few sessions.

NZD Corporate FX Update

The NZD inched higher over April, despite a lesssupportive fundamental picture. It’s not that NewZealand’s good-news economic story is suddenlyunravelling – it’s just no longer surprising.

ECB Mersch: No Deflation Risk, But Risk of Too-Protracted Low Inflation

There is no great risk of either deflation or inflation in the euro area, European Central Bank Executive Board member Yves Mersch said Monday.