Forex Analysis
GBP Mid-day Analysis
While the Pound is being held back by strength in the Euro and Swiss, generally positive globaleconomic views have left the Pound sitting just under the recent highs.
Central European Daily
Forint draws support from S&P rating outlook upgrade Will ECB support regional currencies? The forint outperformed its peers on Friday as Standard & Poor’s revised their outlook for
The Global Macro Pulse
EURUSD and USDJPY are flat to Friday’s New York closes at 1.3750 and 102.88 respectively, but AUDUSD nudged lower to 0.9233. EM Asia FX opened stronger against the dollar,
FX Daily
In terms of data the main release is euro area inflation for March. We expect it todecline to a new cycle-low of 0.5% y/y mainly due to the timing of Easter.
EUR/USD Analysis
The pair started in Asia at $1.3755 after a $1.3729 to $1.3775 range during the US hours on Friday, and initially eased to a low of $1.3745 in early dealings.
FI Eye-Opener: Brace yourself for a huge week
Bonds continued to perform early on Friday, but some profit taking was seen later in the day. German bond yields finally ended the day slightly higher, while US yields rose a bit more,
GBP/USD Analysis
The pair closed in NY Friday at $1.6638 after rate had recovered off a session low of $1.6599 to $1.6651 before it settled between $1.6630/50 into the week close.
AUD/USD Analysis
It’s been an uninteresting session for the Aussie today, at the start of what is expected to be a lively week ahead, especially with the RBA decision due tomorrow.
USD/JPY Analysis
The pair witnessed a subdued session today, marking the end of the Japanese fiscal year within narrow ranges. Dollar-yen opened at Y102.96, just off Friday’s multi-session high of Y102.98 but
Scandi markets ahead: PMI week and divergent monetary policy between Norway and Sweden even more evident
Will the Riksbank cut rates in April or not? It cannot be excluded, but we believe thechance of a rate cut in July is higher. What could prove decisive is next week’sMarch PMI figures.
Australian Markets Weekly – RBA $A jawboning not particularly useful
The main event this week will be Tuesday’s RBA Boardmeeting. They will keep their cash rate target at 2½% at themeeting but there will be interest in the accompanyingStatement.
Weekly Commentary
Last week’s data has emphasised one of the importantthemes in the NZ growth story; that the current pickupin growth has become increasingly broad based.