Forex Analysis
FX Daily
Focus continues to be on developments in the Ukraine/Russia conflict where theoutcome is still unclear.
FI Eye-Opener: Upside in yields still limited for now
Bond yields rose on both sides of the Atlantic yesterday on relief the Crimean referendum had not led to violence, while the resulting sanctions were perceived soft. Intra-Euro-zone spreads narrowed and equities rallied (S&P 500 up by 0.96%).
GBP/USD Analysis
The pair closed in NY Monday at $1.6634 after rate had earlier in the session found decent support ahead of $1.6600, which based the rate at $1.6605,
EUR/USD Analysis
Another dull session for the euro with the single currency spared further hefty losses while the crisis in Crimea continued with any signs of worsening.
AUD/USD Analysis
Aussie started this morning at $0.9087 and spent the initial few hours of the day shuffling between $0.9080 and $0.9090 as the market waited for the RBA minutes to be released.
USD/JPY Analysis
The pair started with modest losess this morning as dollar-yen opened at Y101.76 and edged up in the early hours to Y101.90, as euro-yen also rose to Y141.87 after it opened at Y141.68 today.
EUR Mid-day Analysis
It is possible that the Euro has lost some upside momentum. It would also seem like deflationary fears inthe Euro zone have been fostered by Euro zone February inflation readings overnight.
CHF Mid-day Analysis
Like the Euro, the Swiss feels technically overbought and perhaps even somewhat fundamentallyoverdone. With the June Swiss at times last week adding to a rather significant early March rally and
JPY Mid-day Analysis
The Yen has failed to claw out a higher high for the move despite the events in the Crimea. With higheraction in the Shanghai Composite overnight, it would also seem like anxiety toward the Chinese economy ismoderating.
USD Mid-day Analysis
The Dollar is showing a modest bounce this morning but the trade is likely to wait for US IndustrialProduction figures for its primary direction today.
CAD Mid-day Analysis
arently a modest improvement in global macro economic sentiment has ushered insome early strength in the Canadian Dollar and an increase in volume and open interest over the last week,
GBP Mid-day Analysis
The Pound has given ground over the last two weeks off the threat of a let down in the global recoverytrack. However, the June Pound appears to have found some support around the 1.6603 level of late and