Forex Analysis
GBP/USD Analysis
The pair closed in NY Thursday at $1.6507 after rate had reversed off an intraday recovery high of $1.6570 to $1.6480 before it settled between $1.6495/1.6520 into the close.
EUR/USD Analysis
The pair stepped into lacklustre Asian session at $1.3779 after continued weakness during US session but it dealt a very narrow range of $1.3776 to $1.3788.
USD/JPY Analysis
The pair stride into subdued Asia session at Y102.39 while euro-yen at Y141.07 and both pairs traded within a tight range of Y102.30 to Y102.46, Y140.98 to Y141.17 respectively.
EUR Mid-day Analysis
The Fed move and statements yesterday have temporarily punctured the Euro’s bullish facade. WithGerman February PPI coming in unchanged and the year over year change registering
CHF Mid-day Analysis
Like the Euro, the Swiss has seen a distinct technical and fundamental reversal. Clearly the early Marchgains were overstated in the Swiss,
JPY Mid-day Analysis
The Yen remains in a negative track on the charts despite initial noted weakness in US equities andresidual uncertainty flowing from China.
USD Mid-day Analysis
It took the Dollar a while to regain its footing in the wake of the FOMC statement that surprised someplayers. However, polls ahead of the FOMC largely expected a tapering move and
CAD Mid-day Analysis
The Canadian remains pinned to a downside breakout point on the charts, as the strengthof the Dollar recovery is overwhelming many currencies this morning.
GBP Mid-day Analysis
So far, the Pound hasn’t been able to throw off a negative track on the charts and that is largely theresult of the compacted jump in the Dollar.
The Global Macro Pulse
The more hawkish than expected FOMC has led equities to sell off across the board in Asia. Although the Nikkei opened up, it is down about 1.5% at the time of writing.
FX Daily
The US Philadelphia Fed survey is expected to rebound in March following the sharpdrop in February. The number will give further input to how much activity is comingback and
FI Eye-Opener: Yellen hits the bond market
Bonds took a beating yesterday in the aftermath of the Fed (see more below), while also equities felt pressure. The US 10-year yield ended the day higher by around 10bp,