Forex Analysis
Central European Daily
Belka says interest rates may stay unchanged in 2014 Czech PPI confirms low inflation pressures The Central European currencies remained more or
FX Daily
Focus will be on the reactions to yesterday’s referendum in which the people ofCrimea voted overwhelmingly in favour of joining Russia.
GBP/USD Analysis
The pair closed in NY Friday at $1.6647 after rate recovered through the NY session off an earlier low of $1.6587 to $1.6650 as market adjusted positions ahead of weekend risk,
EUR/USD Analysis
It was a relatively dull session for the euro amid ongoing worries about tension in Ukraine, opening at $1.3909 after a $1.3873 to $1.3938 US range on Friday.
Markets Viewpoint: Crimean referendum – discounted by markets but nervousness remains
The Crimean referendum delivered the expected result: A Yes to join Russia. Financial markets had already prepared themselves for this outcome during last week.
AUD/USD Analysis
The pair took out Friday’s low ($0.8996) in early trading to start the new week, and then recovered from its earlier low of $0.8994 to $0.9024 earlier.
USD/JPY Analysis
A relatively firmer morning for the Japanese yen as risk sentiment worsened and investors took shelter in yen and dollar positions. Dollar-yen opened at Y101.35 and
Weekly Commentary
As was widely expected, the Reserve Bank lifted theOfficial Cash Rate to 2.75% last week, and signalled anextended series of hikes over the course of the next fewyears.
FX: mute ECB
Talking the talk is not sufficient to stop EUR. USD broad weakness vs majors should continue for now.
Weekly Economic & Financial Commentary
U.S. Review Is That Spring in the Air? · Retail sales rebounded after two straight months of declines,
Weekly CFTC Trader Positioning Data
Sentiment shifts this week largely reflect the impact of investors’reactions to recent central bank & policy-related developmentsgiven that currencies had remained relatively quiet headinginto Tuesday’s position date.
Forex Weekly Report
Two over-extended currencies suggest a pullback Although there are fundamental signs that GBP/CAD may be due a correction lower we are attracted to this pair predominantly because