Forex Analysis
EUR/USD Analysis
The pair had another quiet start to the session, opening at $1.3767 after a $1.3753 to $1.3797 US trading range overnight.
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6624, the rate paring earlier gains that had seen it trade to a high of $1.6665 to an eventual NY afternoon low of $1.6621.
USD/JPY Analysis
The pair started the day at Y103.88 this morning and then spent the early few hours between Y103.85 and Y103.89. It pulled back a bit to Y103.81 low minutes before Japanese stock markets opened but
EUR Mid-day Analysis
While the June Euro managed a fresh new high for the move, it was unable to hold that rally this morning.Seeing Euro zone PPI decline 0.2% in February is undermining,
CHF Mid-day Analysis
Like the Euro, the Swiss has reversed course since the high forged yesterday and that is probably theresult of slack Euro zone PPI results and that might also be the result of weaker than expected
JPY Mid-day Analysis
The Yen forged another lower low of the move overnight, as recent economic readings have beendiscouraging and those readings have been amplified by fears that the recent sales tax hike
USD Mid-day Analysis
The Dollar has managed to hold above this week’s consolidation lows this week but for some playersthat suggests the Dollar has discounted partially supportive data.
CAD Mid-day Analysis
Positive Canadian manufacturing data in March reinforces the idea that the Canadian was”too cheap” into the March lows! However, to justify an upside breakout,
GBP Mid-day Analysis
The Pound forged an inside range early today, with prices gradually sliding down and away from theMonday highs. With the Pound supposedly falling back in the wake of “slower growth” in home prices for March,
Central European Daily
CEE currencies marginally eased yesterday after a slightly worse than expected PMI had been released. However, PMI remained above 50, indicating ongoing economic recovery.
The Global Macro Pulse
The rise in US yields has helped to pull AUDUSD down to 0.9237 and push USDJPY up to 103.85. However, EURUSD has risen to 1.3803 ahead of today’s ECB meeting.
FX Daily
We have a light calendar in terms of data releases and markets could be in wait-andseemode ahead of the ECB meeting tomorrow and the US job report on Friday.