Forex Analysis
If US LT Yields Break Lower, Will the Dollar Follow?
The persistent bid in U.S. Treasuries has been the subject of debate for many weeks, especially in the FX universe, where up to now, the low yield effect on the dollar has been limited.
EUR Mid-day Analysis
While the Euro could have come under pressure because of a contraction in Euro zone March PPIresults, the Euro has generally remained within striking distance of its recent highs.
CHF Mid-day Analysis
With a minor upside breakout on the charts and the highest price since April 14th, the Swiss hasn’t beenheld back by slack Euro zone inflation readings or by weakness in Credit Suisse off ongoing US tax probes.
JPY Mid-day Analysis
The Yen managed a range up extension overnight and also managed an upside breakout on its charts. TheYen probably saw weak Chinese manufacturing figures as supportive and
USD Mid-day Analysis
The Dollar bulls have to be concerned as better than expected US Non-Farm payrolls ultimately failedto support the Dollar. While some economists pointed to trouble in the participation rate,
CAD Mid-day Analysis
Like the Pound, the Canadian is vulnerable to corrective action off technical andfundamental shifts. In retrospect, the trade was discouraged by the US monthly payrolls and
GBP Mid-day Analysis
The Pound continues to hold within striking distance of its recent highs but the bull camp has to be alittle disappointed in the inability to sustain the move to new highs last week in the wake of the US data on Friday.
FI Eye-Opener: Don’t the markets care about payrolls anymore?
Bond yields fell further on both sides of the Atlantic on Friday despite a jump in US payrolls growth (see more below), as worries related to escalating tensions in
FX Daily
Focus will continue on developments in Ukraine where turmoil has spread andturned more deadly over the weekend. Markets in both the UK and Japan areclosed for bank holidays today.
AUD/USD Analysis
Aussie dipped to a $0.9202 low on Friday in the US following the better-than-expected headline payrolls number but the move was short lived.
GBP/USD Analysis
Despite much better-than-expected US Non-farm Payroll data the dollar reversed post react gains to end the week on a heavy tone.
EUR/USD Analysis
The pair started this morning at $1.3871, after being drilled to a $1.3812 low on Friday after the US non-farm payrolls data.