Forex Analysis
AUD/USD Analysis
Aussie got a boost overnight from the FOMC minutes, which weighed on the US dollar and aussie-dollar started at $0.9391 this morning.
EUR/USD Analysis
The pair started in Asia at $1.3855 after enjoying a boost to $1.3862 high last night in the US, from the session low of $1.3792.
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6792 after rate had jumped from around $1.6730 on release of perceived dovish Fed Minutes which spiked rate up to $1.6800.
USD/JPY Analysis
The pair consolidated at the upper end of the week’s range vs the dollar last night and closed around Y101.80 with sellers having capped attempts higher at the Y102.16 level.
EUR Mid-day Analysis
Improving macro-economic optimism and a quiet Black Sea region were able to lift the June Euro thisweek, but lukewarm data out of Germany may be providing some pause for thought this morning.
CHF Mid-day Analysis
The June Swiss has held its ground after the recent recovery rally even without the benefit of fresh safehavensupport, as this week’s Swiss economic data has generally come in mildly better than forecasts.
JPY Mid-day Analysis
The BOJ’s post-meeting comments provided the catalyst for the Yen’s updraft on Tuesday, but the marketclearly got ahead of itself without the benefit of fresh risk headlines to fuel safe-haven flows.
USD Mid-day Analysis
The Dollar has found its footing after the severe post-US jobs data selloff, although it is showing littleinclination so far this morning for recovering any large portion of this week’s steep losses.
GBP Mid-day Analysis
While a modest decline in the UK Trade deficit may have added to a recent string of positive UK datapoints, the June Pound was unable to follow-through on Tuesday’s sharp rally so far this morning.
CAD Mid-day Analysis
The Canadian has been able to consolidate recent gains this morning, and may be settingup for a fresh upside extension over the next few sessions. Last week’s robust Canadian jobs data continues toprovide support,
Central European Daily
Forint firms to a 9-month high Czech inflation remains low A stronger than expected industrial output growth together with
When will the BoJ make its next move?
The BoJ voted to maintain its policy at yesterday’s MPM, one year after itintroduced QQE. We think the BoJ will decide when to ease further based on(1) coordination with