Forex Analysis
USD/JPY Analysis
The pair started this morning at Y102.33 after last night’s Y102.17 to Y102.37 range in the US, and initially hovered in the Y102.30 region through the early hours of the session.
Financial Markets Wrap – April: Holding Out
US data continue to improve, but not at a stellar pace. Dovish rhetoric from the Fed kept the USD subdued.
Economy Watch – New Zealand At A Glance
The world outlook remains uncertain but its prospects remain sufficiently strong to add support to a New Zealand expansion which is both broadening and gaining in momentum.
EUR Mid-day Analysis
A fresh upside breakout in the Euro was seen overnight despite a number of May Day holiday closures inEurope. Perhaps the Euro is garnering some lift from favorable UK manufacturing data or
CHF Mid-day Analysis
Like the Euro, the Swiss is poised to rally as expectations toward US data remain very negative. In fact,seeing the Swiss rise to and above the 1.14 level might leave the Swiss very vulnerable to
JPY Mid-day Analysis
News that Japan auto sales declined by 11.4% in April relative to year ago levels provided some flight toquality lift to the Yen especially with that decline the first monthly decline since September of 2013.
USD Mid-day Analysis
Another new low for the move overnight in the Dollar is a little surprising as the Dollar derived littlesupport from news of another Fed tapering move yesterday and
CAD Mid-day Analysis
Overt strength in the Euro and Pound combined with a Chinese holiday has left theCanadian out of favor. Apparently the Canadian is undermined by weak US economic data,
GBP Mid-day Analysis
The Pound has pushed to a fresh new high and that move is clearly justified by the latest positive flow ofUK economic news. Overnight UK manufacturing PMI saw another upside breakout and
FX Daily
We see further improvement in ISM manufacturing for April as jobless claimsand regional surveys point to a decent rebound in activity going into Q2.
FI Eye-Opener: Spring inflation
• Euro inflation rebounds, and pressure on the ECB fades • 90d ECB liquidity operation follows the trend and net injects liquidity
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6872 after rate had recovered off intraday lows of $1.6805 to $1.6902, the move up aided by the release of very poor US GDP data which weakened the dollar across the board.