Forex Analysis
GBP Mid-day Analysis
The Pound is a little off balance today because of negative global equity market action and because ofsofter than expected UK construction activity.
Central European Daily
Putin’s threat leaves CEE currencies calm Hungary’s CPI barely changed in March CEE currencies shrugged off the threat expressed by
The Global Macro Pulse
Although AUDUSD has dipped to 0.9382, EURUSD has risen to 1.3894 and USDJPY is roughly flat at 101.65. Most EM Asia currencies are weaker vs. the dollar, except the KRW.
FX Daily
The main release will be US consumer confidence for April from University ofMichigan. We expect it to be unchanged at 80.0.
FI Eye-Opener: Bye, bye, Finnish AAA?
Bonds rallied big-time yesterday in the aftermath of dovish Fed minutes and disappointing Chinese data. German 10-year yield plummeted by some 5bp, the corresponding US yield by 4bp.
AUD/USD Analysis
Aussie started this morning at $0.9413, after a $0.9401 to $0.9431 range in the US last night. It traded in a tight $0.9405 to $0.9417 range in early dealings,
GBP/USD Analysis
The pair closed in NY Thursday at $1.6784, euro-sterling at stg0.8274. Cable had seen highs earlier Thursday at $1.6821, holding just shy of 2014 highs of $1.6823,
EUR/USD Analysis
The pair opened at $1.3886 in the Asia-Pacific this morning after a $1.3854 to $1.3900 range in the US last night. It spent most of the morning in a narrow $1.3881 to $1.3897 range after
USD/JPY Analysis
The pair opened at Y101.54 this morning and retreated again to Y101.33, matching last night’s US session low, but again bounced ahead of the strong Y101.20/30 support area.
Economy Watch – Focus on Risk Management!
Businesses are buoyant with many confidence indicators, including the recently released PMI, sitting at, or near, decade-long highs. This is the case despite an elevated NZD and an uncertain global environment.
PBOC Dep Gov: Expect Yuan Flexibility To Increase In Future
The recent depreciation in the value of China’s currency is the result of the slowing pace of its economic growth, and events outside its borders such as the Federal Reserve’s tapering of its asset purchase program,
Economy Watch: New Zealand – A Snapshot
The New Zealand economy is firing on all cylinders. Annual GDP growth is currently sitting at 3.0%, and should increase, shortly, to its highest level in a decade.