Forex Analysis
FX Daily
In the data calendar the main event is the release of IFO-business climate. We expecta decline in business climate to 110.8 from 111.3 but yesterday’s weak manufacturingand services PMIs for
FI Eye-Opener: More emerging market worries
Especially German bonds rallied yesterday and curves bull-flattened. The moves were smaller in US yields, where short yields actually edged higher (while longer yields fell). Intra-Euro-zone spreads widened.
EUR/USD Analysis
The pair started this morning at $1.3839 after getting a boost last night to $1.3877 high during the US trading hours. But as has been the case in the past few sessions,
GBP/USD Analysis
The pair closed in NY Monday at $1.6550, euro-sterling at stg0.8390. After failing to consolidate above $1.6500 during a subdued European session, risk appetite returned as the pair spiked to $1.6537.
AUD/USD Analysis
The Aussie also witnessed a relatively dull session today with no major data releases on tap, and as some semblance of calm returned to China’s onshore and offshore yaun markets.
USD/JPY Analysis
It’s been a subdued session for the JPY this morning with no major Japanese data or central bank speakers to cue the market.
USD: To Buy or Not To Buy?
Since last week’s Federal Reserve decision, the dollar has risen solidly against the major currencies, although less so or not at all versus emerging market currencies.
CHF Mid-day Analysis
Negative chart action puts the Swiss in a position to see some knock on technically based selling ahead.Like the Euro, the Swiss is vulnerable to fresh hawkish US Fed dialogue and
JPY Mid-day Analysis
Overnight events haven’t provided the Yen a noted increase in safe haven interest to start the new tradingweek. The Yen might have seen some support from BOJ comments overnight that
EUR Mid-day Analysis
After an initial attempt to rally, the Euro is moving toward a more significant failure on its charts. With Eurozone March PMI and Services PMI results both coming in a touch below estimates,
USD Mid-day Analysis
The Dollar remains in control as international economic data was soft overnight. Chinese data wasweak and while Euro zone data was positive,
CAD Mid-day Analysis
Slack Chinese data, fears of Russian sanctions and strength in the US Dollar hasrestrained the upward tilt in the Canadian this morning.