Forex Analysis

USD Mid-day Analysis

The Dollar bulls have to be discouraged by the action this week as prices remain tilted to the downsidedespite some positive US data, gains in US equities and declines in US Treasuries.

CAD Mid-day Analysis

A noted range up extension in the June Canadian overnight might be the result ofanticipation of a slight drift toward more hawkish policy ahead from the BOC.

GBP Mid-day Analysis

Now that the Pound has returned to contract highs and it has seemingly lost some upward momentumaround the 1.68 level it becomes imperative that overall global economic sentiment improve to

Modest sanctions against Russia brings relief for markets The NBH base interest rate to fall to new lows at 2.5% Although yesterday, U.S. President Obama and EU announced new sanctions against some Russians to

Would the RBA intervene to weaken the AUD?

On 8 April (Where is the RBA’s pressure point on the AUD?) we argued thata TWI around 72 or an AUD/USD rate of 0.9500 in the

The Global Macro Pulse

The EUR has climbed steadily to 1.386, back near to its NY high of 1.388. USDJPY is flat at 102.5 with little onshore activity due to a public holiday.

FX Daily

In the euro-area a number of interesting data are due for release. Germany releasesCPI for April, starting with the first Länder CPI at 09:00 CET (Saxony).

FI Eye-Opener: Eonia continues to surge higher

Bond yields rose yesterday on both sides of the Atlantic, more so in the US than in the Euro zone. Curves saw some steepening pressure. Intra-Euro-zone bond spreads mostly widened.

AUD/USD Analysis

Aussie started this morning’s session at $0.9258 following last night’s $0.9243 to $0.9287 US trading range. Early market action saw aussie sellers taking control, pushing aussie down from an early $0.9264 high toward $0.9240.

EUR/USD Analysis

The pair started in Asia at $1.3851 after a $1.3840 to $1.3874 range in the US last night. It traded at fresh 2 week highs during Monday’s session,

GBP/USD Analysis

The pair closed in NY Monday at $1.6810 after rate had posted multi year highs at $1.6858 on the back of demand prompted by confirmation from US Pfizer of its interest to buy UK AstraZeneka.

USD/JPY Analysis

Japanese markets are closed today for a holiday, also marking the start of Golden Week, which sees most Japanese businesses and trading houses closing shop for about a week ending next Tuesday.