Forex Analysis
FX Daily
In Europe, preliminary March HICP inflation data from Spain and Germany aredue today. This will give us the first indication on the important euro-area inflationfor March to
FI Eye-Opener: Edging closer to deflation?
Bonds continued to rally yesterday. The German 10-year benchmark yield fell another 3bp to around 1.54%, already close to the March low of some 1.50%. The US 10-year yield retreated by around a bp.
EUR/USD Analysis
The pair started at $1.3740 this morning in the Asia-Pacific following its $1.3728 to $1.3780 US trading range overnight.
GBP/USD Analysis
The pair closed in NY Thursday at $1.6610, euro-sterling at stg0.8272. The rate earlier spiked to $1.6642 on release of much stronger than expected UK Retail Sales data which came in at
AUD/USD Analysis
Aussie initially reacted positively to reported comments from Chinese Premier Li Keqiang on the Chinese economy after it opened at $0.9259 early today.
USD/JPY Analysis
The pair traded sideways in a narrow range this morning, locked in by decent orders on either side of the market. Dollar-yen opened at Y102.18 and was initially held up near Y102.20 in
Select FX (AUD, NZD, CAD, BRL) Firm As Carry Returns
With majors such as the euro and dollar-yen languishing in tight ranges this week, it came as somewhat of a surprise to see select currencies, such as the Aussie and Canadian dollar,
NZD: Commodity Prices In The Driver’s Seat
As this note goes to print, the NZD is the second-best performing major currency over the month of March, pipped for first-place only by a resurgent AUD.
EUR Mid-day Analysis
A definitive downside breakout in the Euro overnight suggests that soft inflation, disappointing Euro dataand dovish talk from the ECB has worked its magic on the Euro currency.
CHF Mid-day Analysis
With the Dollar winning by default, the Euro forging a downside breakout on the charts overnight and theSwiss sitting just above a downside breakout on its charts,
JPY Mid-day Analysis
Respect for consolidation support just above the 97.50 level is becoming impressive. With the deadline foryear end settlements passing, the Yen might shift its focus toward the ebb and
USD Mid-day Analysis
The Dollar remains in vogue partly because economic readings have managed to come in slightlypositive. Holding back the Dollar is comments from the St. Louis Fed President that seemed to