Forex Analysis
FI Eye-Opener: Improving ADP to add pressure on bonds
Bond yields rose on both sides of the Atlantic yesterday, but more so in the US than in Europe, while the US curve continued to steepen. The US 10-year yield is approaching the upper end
EUR/USD Analysis
The pair opened at $1.3793 this morning after a $1.3789 to $1.3815 range in the US overnight. Early dealings lacked conviction with market participants unwilling to
USD/JPY Analysis
The pair traded weaker this morning, with some follow-through action seen in the wake of reports out last night that Japanese pension funds may invest in higher-yielding stocks.
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6629 after rate had been able to recover off a post UK mfg PMI react low of $1.6619 to $1.6652 before drifting off into the close.
EUR Mid-day Analysis
The Euro has managed to hold within striking distance of the prior session high despite Euro zonemanufacturing data that was a little soft. In fact, the Euro generally remains in favor as a portion of
CHF Mid-day Analysis
The Swiss sits near an upside breakout point on its charts this morning in a move that suggests anattempt to reverse the down trend that has been in place since the mid March highs.
JPY Mid-day Analysis
The Yen remains vulnerable on its charts and it also remains vulnerable to its economic condition. With thetankan survey coming in weaker than expected,
USD Mid-day Analysis
The Dollar enters the trade this morning sitting significantly below the prior session high and seeminglyvulnerable from a technical perspective.
CAD Mid-day Analysis
Somewhat positive Canadian GDP results for January provided some fundamentalsupport to the Canadian but weakness on the charts suggests that the Canadian is now vulnerable to
GBP Mid-day Analysis
The Pound has generally clawed out positive action on the charts over the last two weeks, but thePound is under initial pressure this morning because of disappointing
Central European Daily
The forint firms after higher-than-expected C/A surplus PMIs fall below forecast but stay above 50 On Monday, a forint rally continued and the currency firmed to its 7-week highs.
JPY: Consumption tax hike and Tankan
The BoJ Tankan released today shows the benchmark business conditions DI for large enterprises at 17% for manufacturers (est. 19%, last 16%) and 24% for non-manufacturers (est. 24%, last 20%).