Forex Analysis

FX: the demand side

Liquidity should improve with more signs of improving household consumption globally

Today’s data imply that the odds of a June Fed rate hike have diminished further.

Monetary policies divergence remains in place. Following the January FOMC meeting, the Fed continues to signal its intention

As news emerged of a meeting between Janet Yellen and Senate Democrats in

The Euro bulls have to be discouraged as a generally favorable sweep

A fresh lower low for the move overnight leaves the trend pointing

An extending consolidation pattern in the Yen above 84.31 is giving the

While the Dollar has started off on a weaker footing this morning,

The bias in the Canadian remains down mostly because the bias

The bull camp has to be very discouraged by the lack of recovery

The forint enjoys ECB’s bazooka, so the NBH is watching.

EUR appreciated slightly to 1.1325, while GBP was close to unchanged at 1.5070.