Forex Analysis
EUR/USD Analysis
The pair opened at $1.3816 this morning in Asia, after a $1.3804 to $1.3843 range in the US last night and saw a rare burst of activity in early dealings today,
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6797 after rate had rallied strongly to $1.6818 following release of stronger than forecast UK jobs data, the ILO jobless rate easing to 6.9%.
USD/JPY Analysis
A fairly active market for the JPY today, with dollar-yen and euro-yen both retreating to their respective session lows toward the end of the morning.
Altering our FX forecasts to reflect longer-duration weakness in the USD
We have decided to fundamentally change our USD view. We now donot expect the USD to significantly strengthen until the real Fed Fundsrate turns positive in early 2016 (chart 1).
EUR Mid-day Analysis
Surprisingly the Euro is tracking higher today in the face of revived Euro zone deflation fears. With theEuro rising and facing potentially positive US scheduled data flows later this morning,
CHF Mid-day Analysis
Like the Euro, the Swiss has seen a modest recovery bounce overnight and that rally attempt might bereversed in the wake of US scheduled data flows.
JPY Mid-day Analysis
A range down washout in the Yen is partly the result of acceptable Chinese and Japanese economic databut also because of suggestions from the BOJ that capital expenditures are starting to rise and
USD Mid-day Analysis
Apparently data from the US on Tuesday tripped up the flow of money toward the Greenback.Therefore an active slate of US data later this morning is likely to be a critical junction for the currency trade.
CAD Mid-day Analysis
The bull camp in the Canadian has to be discouraged by the lack of positive reaction toChinese data overnight. Clearly the pace of Chinese growth is still in question and
GBP Mid-day Analysis
Economic news from China was good enough and with somewhat positive US scheduled data expectedlater this morning, we suspect that the Pound will forge another upside breakout on its charts.
Central European Daily
Ukraine army ousts rebels from airbase Polish inflation remains at 0.7 % Although some kind of armed intervention against separatist militias in
The risks & skew in the long USD/CAD trade
It would not look out of place if the Bank of Canada’s April post-meetingstatement made no changes from the March 5th statement. In contrastthe monetary forces shaping the medium-term USD/CAD outlook areexciting….