Forex Analysis
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6780 after rate had corrected away from intraday highs of $1.6836 to an eventual low of $1.6763 (failing to trigger reported stops below $1.6760) after
NZD After RBNZ
All and sundry expected the RBNZ to hike its cash rate to 3.0% today and it didn’t disappoint. The focus, instead, was on how the RBNZ would convey the message that it was uncomfortable with
In G-20 Sandbox, G-3 Rangy So Mkt Eyes EM, Commodity FX
In the G-20 currency sandbox, currency pairs such as the euro and dollar-yen have held in tight ranges recently, leaving traders to explore other more volatile choices in emerging markets and commodities.
EUR Mid-day Analysis
The Euro is back in favor as the trade has taken the latest cycle of global PMI results and has come to theconclusion that the Euro has a slight macro-economic edge.
CHF Mid-day Analysis
Like the Euro, the Swiss has rebounded sharply overnight and we think most of that lift is the result of alack of definitive interest in the Dollar and also because of the somewhat slack US scheduled data flow of late.
JPY Mid-day Analysis
The Yen has managed a noted recovery overnight off a retrenchment in the Pound, Canadian and Dollar. Itis also possible that the Yen regained some safe haven interest in the wake of
USD Mid-day Analysis
A noted failure on the Dollar charts overnight has shifted sentiment toward the Greenback. However,some traders will suggest that US data just hasn’t been strong enough to extend the recent bounce.
CAD Mid-day Analysis
The Canadian is primarily undermined by the Chinese data “miss” and that suggests thatfavorable Canadian news is secondary to the news flow from China.
GBP Mid-day Analysis
The Pound is under some liquidation pressure in the wake of slack Chinese economic data and lessthan stellar US economic activity. In other words, the trade could not
Central European Daily
Situation in eastern Ukraine complicates further Trading with Central European currencies produced mixed results on
Bank of Tokyo-Mitsubishi UFJ: AUD: Is A Sustained Move Lower Imminent?
The foreign exchange market remains locked in narrow trading ranges with the exception of the Australian dollar which is close to 1.0% lower after weaker than expected inflation data.
BNP Paribas: EUR/USD: Decline Likely Slow, But Upside Increasingly Limited
BNP Paribas has become more ‘confident’ that although the catalyst for a strong move lower in EUR/USD may take some time to materialize,