Forex Analysis
NZD: Getting Carried Away
With the S&P500 bumping up near all-time highs and the NZD shooting into territory not seen since August 2011, you might be surprised to hear that financial market volatility is in the doldrums.
EUR Mid-day Analysis
The Euro continues to be the prime benefactor of the dovish Fed meeting-minutes release. Perhaps theEuro is being lifted by positive debt demand news from Greece but
CHF Mid-day Analysis
Another higher high for the move leaves the bulls in control and with the Euro strong and the Dollar weakit will take a series of positive US data points to reverse current currency market trends.
JPY Mid-day Analysis
The Yen retains a slightly positive tilt into the Thursday US trade but we suspect that the market will beginto run into significant overhead resistance up at 98.80.
USD Mid-day Analysis
Not surprisingly the Dollar remains under pressure as the Fed meeting minutes were a little moredovish than recent market expectations. While we can’t rule out a further slide to 79.41 in the June Dollar,
CAD Mid-day Analysis
A slight retrenchment following a significant upside breakout on the charts is notsurprising. However, the talking heads in the press have spun the Chinese data into
GBP Mid-day Analysis
Favorable UK wage news overnight leaves the Pound with a bullish bias. However, the Pound probablyneeds to see persistently positive global equity market action,
Central European Daily
The NBP signals stability of interest rates, … … the CNB sees longer presence of intervention regime Yesterday´s meeting of the Polish central bank (NBP) brought no significant news;
Stiff upper lip or strong dollar mirage?
The past week displays every hallmark of a longstanding position washout inthe global macro community. Better US data have again receded into thedistance like a mirage,
The Global Macro Pulse
The fall in US yields following the release of the FOMC minutes has weakened the dollar against the G10 currencies, but EM Asia is mixed.
FX Daily
Another day with few releases of interest on the global scene. French industrialproduction is expected to rise moderately by 0.2% m/m in February underlining aslow French recovery.
FI Eye-Opener: Listen to what we say, not what we forecast
German bond yields edged higher yesterday, while intra-Euro-zone bond spreads narrowed outside the semi-core. Especially Greek bonds rallied on the prospect of a successful new bond launch.