Forex Analysis
Credit Agricole: FX Positioning & Scorecard Model Update
The latest CFTC positioning updates showed that the speculative community added to its marginal short dollar position. Indeed after recently peaking in January 2014 the market has continued to
Central European Daily
Fidesz has two-third majority in the Hungarian parliament, while the market looks not too happy with it The votes of people living in foreign countries have not changed the result of the Hungarian parliamentary election.
The Global Macro Pulse
The dollar is marginally stronger today. AUDUSD rallied ahead of the RBA minutes only to sell off to 0.9390 after the minutes despite little new information relative to the March policy statement.
FX Daily
Focus will continue to be on the geopolitical developments in Ukraine. In addition,the Q1 reporting season speeds up with among others Intel, Yahoo,
FI Eye-Opener: Still going lower
The German 10-year yield touched 1.49% again yesterday, but could still not make a convincing break lower. Better-than-expected US retail sales (see more below) sent the yield higher again later,
GBP/USD Analysis
The pair closed in NY Monday at $1.6726 after rate had managed to recover off a session low of $1.6697 to $1.6744, the correction aided by release of better than forecast Citi earnings and
AUD/USD Analysis
Aussie started this morning on a subdued note, at $0.9424, right at the top of the overnight US session range. The pair however failed to make further headway as sentiment deteriorated and
EUR/USD Analysis
The pair started at $1.3821 this morning in Asia following a $1.3808 to $1.3863 range in the US last night. Euro-dollar traded between $1.3816 and $1.3820 in
USD/JPY Analysis
Early demand for JPY lifted the pair up from its Y101.85 opening level to Y101.91 before a slight ease followed. Dollar-yen found fresh legs after that toward the start of the Japanese stock market session,
Despite ECB Jawboning, Euro Not Falling All That Far
Despite the myriad European Central Bank jawboning remarks heard in recent weeks, and more importantly in the past two days, the euro, trading around $1.3825 Monday,
BOC To Keep Key Rate At 1.0% On Wed; Hold Steady On Outlook
Give or take a decimal point or two, the Bank of Canada and economist market watchers generally believe that Canada’s economy will grow by 2.5% this year and next, an outlook the central bank should confirm on Wednesday.
EUR Mid-day Analysis
The Euro has already seen a noted range down washout on the charts with several EU officialssuggesting easing might be required to deflate the Euro exchange rate that should embolden the bear camp.