Forex Analysis
JPY Mid-day Analysis
The Yen has fallen back from its recent highs in the wake of disappointing Japanese leading indicatorreadings. In fact, press outlets are touting the Japanese leaders as the softest readings since the sub-prime crisis and
USD Mid-day Analysis
The Dollar is on a softer track this morning despite evidence of somewhat slack economic readingsfrom Japan and from knock-on weakness in global equities.
CAD Mid-day Analysis
After a distinct upside breakout last week, the Canadian has become short termoverbought. With a Chinese holiday overnight, noted follow through weakness in global equities and an election inQuebec,
GBP Mid-day Analysis
The Pound has managed to respect support around 1.6556 but the path of least resistance might bepointing downward in the face of negative global equity market sentiment and
Central European Daily
Hungary’s elections: the main question remains open The result of the Hungarian parliamentary election was in line with the expectations.
The Global Macro Pulse
Dollar-G10 is essentially unchanged in Asian trading with AUDUSD at 0.9281, EURUSD at 1.3698, and USDJPY at 103.26.
FX Daily
A quiet start to a quiet week. German industrial production for February is the mainrelease today and is expected to rise 0.1% m/m following a strong increase of 0.8%m/m in January.
FI Eye-Opener: QE expectations with more room to intensify
Bonds rallied on Friday on both sides of the Atlantic, as the US payrolls report (see more below) failed to impress. The US 10-year yield plunged by almost 8bp,
GBP/USD Analysis
The pair closed in NY Friday at $1.6575 after rate had bounced off session lows of $1.6555 to $1.6606 following the release of US NFP data, before settling around $1.6580 into the end of the week.
AUD/USD Analysis
The rate opened at $0.9292 this morning following Friday’s $0.9242 to $0.9308 US session range. The aussie was lifted by the initial reaction to the below-forecast payrolls reading but gains were not sustained.
EUR/USD Analysis
The pair started in Asia little changed from Friday’s $1.3698 close as the new week got underway. The pair made a brief show above $1.3700 but only got as far as $1.3705 this morning,
USD/JPY Analysis
The pair witnessed choppy action after Friday’s release of the US March employment, seeing an initial react lower to Y103.58 before rebounding on revised data to Y104.13.