Forex Analysis
EUR Mid-day Analysis
A positive flow toward the Dollar this morning and away from the Euro is underway as German Gfk dataovernight failed to provide evidence of positive progression.
CHF Mid-day Analysis
The Swiss looks damaged on the charts this morning. The failure to hold 1.1269 could facilitate technicalselling pressure later this morning, especially if US Durable goods readings come out on
JPY Mid-day Analysis
Tight coiling action in the Yen suggests a pivot point ahead but expectations of a drag on the Japaneseeconomy from sales tax hike probably means that the yen will b
USD Mid-day Analysis
The Dollar fell back yesterday as a Fed member suggested that the Fed’s Yellen was merely echoingmarket sentiment about the timing of rising US rates and
CAD Mid-day Analysis
Another higher high on the charts overnight highlights a gradual improvement in globalmacro economic sentiment. A near term recovery back above 90.00 is likely ahead,
GBP Mid-day Analysis
We think the Pound has forged an interim low and that the March downtrend pattern is poised to bereversed. In fact, comments from the BOE overnight that wage growth is starting to pick up,
Central European Daily
The NBH cuts its base rate to the new all time low … … signaling possible end of monetary easing In line with our expectations, the Monetary Council lowered NBH´s base rate by
A mixed bag heading into Norges
Norges Bank is widely expected to leave not only rates unchanged at 1.50% at the meeting tomorrow, but also its rate path. Indeed, with CPI, unemployment and GDP growth,
The Global Macro Pulse
AUD stole the spotlight in FX, rallying towards 0.92 on RBA Stevens’ speech. This helped boost AUDNZD to 1.0696. The rest of the G10 FX complex was more subdued.
FX Daily
Today’s data calendar is fairly light in terms of data releases, with the highlight beingUS durable goods orders for February. Durable goods orders declined relativelysharply in
EUR/USD Analysis
A series of comments from ECB officials overnight proved to be a drag for the euro as it fell to a low of $1.3750 before opening at $1.3826 this morning in Asia.