Forex Analysis

When USD bull runs start slow

Current macro forces favor contrasting goods disinflation and asset inflationthat resemble the backdrop to the USD rally in the second half of the 1990s.

The Global Macro Pulse

In G10 FX, AUDUSD has been the main mover, falling 1% to 0.9285 in response to weaker than expected inflation. EURUSD and USDJPY are little changed at 1.3818 and 102.55.

FX Daily

Today focus will be on global PMIs. We forecast euro manufacturing PMI todecline slightly after it peaked at 54.0 in January.

FI Eye-Opener: China not rebounding like it used to

German bond yields expectedly opened higher yesterday, but did not move that much during the day, and the 10-year yield ended the day up by around 2bp.

AUD/USD Analysis

Aussie started today’s session at $0.9367 and spent the early hours of the session in a rather narrow $0.9361 to $0.9377 range. It continued to creep higher as Asian markets got underway,

A quiet start for the pair after it opened at $1.3805 and following a $1.3789 to $1.3825 range in the US last night. The pair got an early lift to around $1.3809 as initial risk-on sentiment provided support for

USD/JPY Analysis

JPY opened at Y102.61 this morning while euro-yen started at Y141.66. Early morning action was subdued, with dollar-yen content to stay within a Y102.56 to Y102.65 range until the start of the Japanese stock market.

New CNY Weakness Likely in Q2 Or At Best, Stability

Earlier Tuesday, the People’s Bank of China set the yuan central parity rate versus the dollar at CNY6.1610, the lowest yuan level since Sept. 10, 2013.

EUR Mid-day Analysis

The headlines overnight tout a long slow recovery process in the Euro zone and that restrains the upwardtilt in the Euro. Another issue that might thicken overhead resistance in the Euro,

CHF Mid-day Analysis

The path of least resistance is pointing downward in the Swiss but the 1.13 level has seemingly suppliedsome support to start today. The bull camp might be cheered by the decline in volume on

JPY Mid-day Analysis

Ranges in the Yen remain very narrow as a lack of definitive opinion dominates. However, the bear camphas an edge from the slow erosion on the charts and it might also have an edge because

USD Mid-day Analysis

After clawing out a fresh new high for the move yesterday the Dollar has partially reversed course as ifit reached a near term technical and fundamental peak on the charts.