Forex Analysis
The Global Macro Pulse
Among the majors, AUDUSD rose to a high of 0.9304 before easing off to 0.9267 after the RBA statement (see below).
FX Daily
In the euro area manufacturing PMIs are due for release and the first estimate of theSpanish and Italian figure will attract most attention.
FI Eye-Opener: The Yellen effect
German bond yields rose yesterday. Even though Euro-zone March inflation numbers were soft (see more below), they were not weak enough to give bonds another boost.
GBP/USD Analysis
The pair closed in NY Monday at $1.6666 after it had recovered off a session low of $1.6613 to $1.6684 as sterling enjoyed end month demand interest at the London fix.
EUR/USD Analysis
It was another day of uneventful range-bound trading for the euro this morning as it opened at $1.3769 after a $1.3763 to $1.3810 range during the US session overnight.
AUD/USD
Aussie opened at $0.9264 this morning and edged higher in the early hours of the session, touching $0.9276 before the start of the Japanese stock market session.
USD/JPY Analysis
The pair started the day at Y103.18 after sucessfully breaking through Y103.00 in overnight dealings and trading a high of Y103.44 during the US hours.
EUR Mid-day Analysis
A reversal from last week’s spike low hints at an interim low in the Euro. A slight toning down of anxietytoward the Ukraine and positive German retail sales results seems to
CHF Mid-day Analysis
With positive leadership provided by the Euro to start the new week and an oversold technical setup, thebull camp looks to have control directly ahead.
JPY Mid-day Analysis
A downside breakout on the charts would seem to suggest a deflation of flight to quality interest in the Yento start the new trading week. Some players might see the slightly improved attitude toward the situation in
USD Mid-day Analysis
The Dollar appears to have made a significant overnight range up move that failed to hold and thathints at a quasi blow off top. Given the bounce off the March lows and the chart reversal action this morning,
CAD Mid-day Analysis
The Canadian might be a bit overbought technically and it might also be a touchfundamentally overbought. However, a setback in the US Dollar probably helps to underpin the Canadian above 90.00,