Forex Analysis
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6537 after rate was shoved down to $1.6508, from around $1.6650 as markets bought dollars on reaction to Fed Yellen’s hawkish comments at last night’s FOMC press conference.
EUR/USD Analysis
Less dovish comments from the Feds sparked a selloff in the euro during NY session, sending the pair down to $1.3810 before closing at $1.3833.
USD/JPY Analysis
The pair stepped into Asia at Y102.32 while euro-yen at Y141.55 post FOMC rally, both pairs traded a fairly tight Asia range of Y102.22 to Y102.49 & Y141.30 to Y141.73 respectively.
NZD/CNY: Yuan Small Step
This week, the New Zealand and Chinese governments announced that the NZD would be directly convertible against the CNY.
EUR Mid-day Analysis
The Euro is probably seeing some lift from news that Euro zone wage growth improved in the 4th quarterand that Euro labor costs also rose as that dampens the deflation threat.
CHF Mid-day Analysis
Like the Euro, the Swiss looks a little expensive on the charts. In our opinion, the Swiss has seen aconsistent pattern of favorable news events. In addition to buying off the Crimean situation over the last twoweeks,
JPY Mid-day Analysis
With the BOJ overnight suggesting that US tapering is a good thing for the world economy, Japan posting a27% increase in exports to China in the month of February and
USD Mid-day Analysis
One has to think that the trade has factored in a moderate portion of a US Fed pause with the Dollardeclines of the last two months.
CAD Mid-day Analysis
While the trade sees the resignation of the Canadian Finance Minister as a primarybearish force for the Canadian this morning, residual concern of credit turmoil in China,
GBP Mid-day Analysis
The Pound has seen favorable economic news overnight from the UK employment front, as joblessclaims fell by 34,600 and earnings growth accelerated.
Central European Daily
CE assets continue rose as Putin said he did not target other regions in Ukraine Hungary to sell US dollar government bonds While the Czech koruna weakened and returned above EUR/CZK 27.40,
The Global Macro Pulse
The USD strengthened modestly with EURUSD edging lower to 1.392 and USDJPY rebounding to 101.55. AUD has eased slightly to 0.912.