Forex Analysis
AUD/USD Analysis
Aussie traded between $0.9253 and $0.9301 last night in the US before it started today’s session at $0.9287. Aussie-dollar spent the initial few hours trading below $0.9300 as offers there kept the rate under pressure.
EUR/USD Analysis
The pair started this morning at $1.3867 after last night’s $1.3844 to $1.3877 range in the US. Euro-dollar drifted marginally lower to a $1.3863 low but found minor demand interest from below $1.3850,
USD/JPY Analysis
The pair traded between Y102.02 and Y102.67 in the US last night, and started this morning at Y102.24. With most regional markets closed for Labour Day holidays and
Week Of The Dollar Or Weak Dollar?
In a note to clients today, Goldman Sachs continues to layout the argument for why the Dollar should strengthen over the coming year, especially against other G10 currencies.
EUR Mid-day Analysis
After an initial washout early this morning, the Euro has come bounding back perhaps because of slightlyhotter than expected Euro zone inflation data.
CHF Mid-day Analysis
The Swiss saw an initial downside breakout overnight but it did manage to respect the 1.13 level andrecover back toward the middle of this month’s trading range.
JPY Mid-day Analysis
A temporary flare up rally overnight failed to hold in the wake of a sharp drop in March Construction data.However, the trade seems to believe BOJ suggestions that they are proceeding toward their inflation goals.
USD Mid-day Analysis
Clearly the Dollar has seen some short covering this week ahead of the FOMC statement but one can’tcome away from US data flows this week with an overly positive view toward the Greenback.
CAD Mid-day Analysis
Even hints that rate cuts aren’t off the table has failed to knock the Canadian back from itssharp gains forged on Tuesday. With BOC officials suggesting that the Canadian is historically high and
GBP Mid-day Analysis
The Pound forged a rather narrow range overnight but retained a bullish setup. Supportive UK inflationdata, a decline in the Irish unemployment rate and
Central European Daily
Finally, the End of the NBH rate cut cycle? The National Bank of Hungary cut base rate by 10bp from 2.6% to 2.5% in line with the expectation.
Japan: Steady BoJ lowers 2014 outlook
The BoJ kept its policy unchanged today. In its semi-annual assessment of the outlook, it lowered growth forecast for FY 2014 to 1.1%.