Forex Analysis
FX Daily
Focus continues to be on the developments in Ukraine after authorities in Kievannounced the start of an ‘anti-terrorist operation’ against pro-Russian separatists.
FI Eye-Opener: No support can survive constant pounding
After several rounds of pounding, the German 10-year yield finally breached the support at 1.50%, ending the day at around 1.47%, down some 5bp for the day – a bullish signal.
AUD/USD Analysis
Aussie opened at $0.9362 this morning after last night’s bounce in US equity markets saw the aussie recover some lost ground on aussie-yen buying with yen crosses gaining ground across the board.
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6728 after seeing a spike low of $1.6657 into release of UK CPI data, as stops below $1.6680 were targeted and triggered,
EUR/USD Analysis
Another range-bound session for the euro this morning in Asia, amid signs of risk aversion while the release of Chinese GDP data failed to provide any major relief. Concerns remained about the crisis in Ukraine,
USD/JPY Analysis
JPY opened at Y101.92 this morning vs the dollar, and at Y140.79 against the euro. Dollar-yen staged an early retreat to Y101.80 but edged up to Y101.93 in anticipation of a positive start to Japanese stocks.
EUR Mid-day Analysis
The Euro comes under additional liquidation pressure from the April German ZEW figures but the Euro isprobably seeing some added pressure from classic technical selling on
CHF Mid-day Analysis
Like the Euro, the Swiss appears to have broken down on the charts in the wake of a series of hints offurther easing from the ECB. It is also possible that some of the liquidation in the Swiss is the result of
JPY Mid-day Analysis
Ongoing consolidation within a range bound by 98.00 and 98.72. Sagging Chinese economic expectationsand hints of more easing from the BOJ probably leaves the bear camp with a slight edge.
USD Mid-day Analysis
The Dollar remains in favor as US data flows have improved growth views at the same time that hintsof easing have undermined the Euro. With the head of the US Fed speaking later this morning,
CAD Mid-day Analysis
A tempering of economic expectations toward China and Europe combines with weaknessin oil and metals for a corrective mentality in the Canadian Dollar.
GBP Mid-day Analysis
Much softer than expected UK inflation readings prompted a significant washout in the Pound to starttoday but to the bull’s credit, the Pound was able to quickly reject that washout.