Forex Analysis
EUR Mid-day Analysis
While the June Euro has been able to respect support of 1.3800 it would appear as if the upsidemomentum seen in early April has waned and that the Euro is fighting a liquidation wave.
CHF Mid-day Analysis
Like the Euro, the path of least resistance is pointing downward as the drag from the Ukraine threatremains in place and US data continues to provide the Dollar with a bid relative to the Swiss and Euro.
JPY Mid-day Analysis
The path of least resistance in the Yen remains down. While news of softer than expected Japaneseexports and a March trade deficit might eventually spark fresh easing action from the BOJ,
USD Mid-day Analysis
The Dollar has retained some buying interest through the long holiday weekend as US economicoptimism remains in place and the situation in the Ukraine leaves the Dollar with a minor leg up on the Euro andSwiss.
CAD Mid-day Analysis
Apparently news of firmer than expected Canadian inflation news last week has beenforgotten this week as the Canadian is presenting a negative chart setup and is sitting just above a downsidebreakout point.
GBP Mid-day Analysis
The Pound remains in an upward track on its charts and it would also appear as if the Pound isgenerally in favor off hopes that US data later this morning will serve to improve macro-economic sentiment.
Westpac: What To Buy & What To Sell This Week?
Westpac G10 FX model portfolio opens a decent long USD exposure for the week ahead, triggered by a long USD signal from its US surprise index model.
EUR/USD Analysis
An unsurprisingly quiet Easter Monday session for EUR/USD this morning in Asia, after the pair opened at $1.3816 earlier.
GBP/USD Analysis
With most centres closed for Good Friday market volumes remained light with currency pairs tied to narrow range trade. Cable closed at $1.6790, euro-sterling at stg0.8226.
USD/JPY Analysis
The pair opened at Y102.45 in Asia this morning and started to creep higher soon after as the market took aim at the Y102.47-51 resistance region last tested on Friday.
Weekly Economic & Financial Commentary
U.S. Review Signals of Stronger Economic Growth Return · Retail sales for March climbed 1.1 percent following an upwardly revised 0.7 percent reading for February, signaling that consumer spending was not as soft as first expected to start the year.
EUR Mid-day Analysis
Just as the Dollar needs stellar data to hold value, the Euro apparently needs next to nothing to catch abid. In fact, the Euro is on the rise this morning because of a slight reduction in