Forex Analysis

GBP/USD Analysis

The pair closed in NY Tuesday at $1.6530, euro-sterling at stg0.8364. The rate had earlier lifted to $1.6510 after release of UK CPI data which came in-line with expectations at 1.7%,

AUD/USD Analysis

The Aussie had a quiet early few hours of the session after it opened at $0.9166 in Sydney. Aussie-dollar got a brief lift to $0.9167 soon after Japanese stocks opened higher and

USD/JPY Analysis

The pair started the session in narrow ranges with dollar-yen initially shuffling between Y102.26 and Y102.32. Yen pairs got a lift after Japanese stocks opened higher,

EUR Mid-day Analysis

Comments from EU officials that the Euro was over-valued, combined with some slack German businessconfidence readings overnight leaves the Euro in a vulnerable position today.

CHF Mid-day Analysis

The Swiss appears to be in a vulnerable position this morning as safe haven issues have moderated andUS equities are showing some positive action.

JPY Mid-day Analysis

Critical support at 97.46 remains in place and has become more credible with the prior 4 sessionsrespecting that level on the charts. Expectations for an upbeat tankan survey ahead

USD Mid-day Analysis

The Dollar is in favor to start today perhaps because of expectations for another positive reading froma private regional home price survey to be released later this morning.

CAD Mid-day Analysis

The Canadian seems to have run out of near term upside momentum. While the overallmacro economic outlook has improved slightly over the last 36 hours,

GBP Mid-day Analysis

While overall macro economic sentiment has improved and that might serve to firm up support under thePound, the presence of the weakest annual CPI inflation rate since 2009,

Central European Daily

Central European currencies were calm on Monday. The Czech koruna as well as the Polish zloty oscillated within a narrow range close to their Friday´s levels.

From Australia & Japan in the 60s and 70s to China now

We noted in an FX Daily last week that the halving of Japanese growth in the1970s versus the 1960s had little impact on Australia.

G10 FX price actions have been lackluster. The EUR was flat at 1.3830, USDJPY rose very marginally to 102.33 while AUD pulled back to 0.913, essentially unchanged from its NY close from a high of 0.916.