Forex Analysis
GBP Mid-day Analysis
While UK economic data has been supportive this week, some traders are suggesting that the Poundhas already factored in strong data and the Pound might need to avoid economic drag from additive Russian sanctions to
Central European Daily
The NBH is changing its main monetary-policy instrument The NBH Monetary Council has decided to make changes in the Bank’s monetary policy instruments, which will result in the following actions:
EUR: Upside Risk Persists Short-Term
The EUR has been capped of late, mainly on the back of ECB President Draghi reiterating that the ECB is ready to consider more aggressive policy action such as quantitative easing if the inflation outlook deteriorates.
The Global Macro Pulse
AUDUSD and USDJPY are flat at 0.9269 and 102.37 respectively while EURUSD moved slightly higher to 1.3832. Most EM Asia currencies weakened against the dollar at the open,
EUR/USD: Range & Outlook For The Week Ahead
The following are EUR/USD range and and outlook for next week as provided by Bank of Tokyo-Mitsubishi UFJ, Ltd (BTMU).
FI Eye-Opener: Spanish economy rising from the ashes
German yields edged modestly higher yesterday, but US yields continued to fall. The US 10-year yield has descended for four days in a row, though the moves have been quite moderate and
FX Daily
Today’s calendar is fairly light in terms of data releases. In the US University ofMichigan consumer confidence for April is due for release. We expect it to havedeclined to 78.5 from 80.0 in March,
EUR/USD Analysis
The pair traded a high of $1.3833 last night in the US and ended just off that high at $1.3831. This morning in Asia, it started with a brief move up to $1.3834 before easing to around $1.3830.
GBP/USD Analysis
The pair closed in NY Thursday at $1.6802 after rate managed to recover off an intraday low of $1.6766 to retest earlier session highs of $1.6806, extending the move to $1.6808 before it settled between
USD/JPY Analysis
The pair started the session today at Y102.32 and was initially held in a narrow Y102.18 to Y102.33 range in early trades. Initial attention was on Japanese CPI data,
EUR Mid-day Analysis
While the Euro has remained within the prior session’s range and has failed to breakout to the upside inthe face of positive German Ifo Business climate gains, we have to leave the edge with the bull camp.
CHF Mid-day Analysis
The June Swiss was unable to hold all of the gains into the prior sessions high but the Swiss probablysaw some support from favorable German Ifo results overnight and from positive Swiss export data.