Forex Analysis
AUD/USD Analysis
The Aussie opened at $0.9031 in Asia and witnessed a vain attempt at a small recovery right at the start of the day, reaching $0.9042 before it was turned back.
USD/JPY Analysis
The pair was in demand this morning against a backdrop of risk-averse trading and as Japanese stock markets fell over 2% in the morning session on worries about Ukraine tensions and
Draghi Remarks Rattle Euro; Market Unconvinced Rally Over
Jawboning remarks from European Central Bank president Mario Draghi, noting that the rising euro is increasingly becoming relevant to the ECB’s inflation outlook, sent the euro tumbling Thursday.
EUR Mid-day Analysis
A fresh upside breakout on daily and weekly charts overnight, the Euro looks to continue to win by default.In fact, the Euro has managed to charge higher despite ECB talk of action if real interest rates fail to soften.
CHF Mid-day Analysis
A definitive range up breakout in the Swiss puts the Swiss up to the highest level since October of 2011.Fear of slowing in China, economic strife between Russia and western economic powers and
JPY Mid-day Analysis
As expected the Yen continues to claw out minor gains off residual safe haven sentiment. While generallyslack Chinese data overnight leaves macroeconomic uncertainty high in the Pacific Rim,
USD Mid-day Analysis
With a definitive washout in the Dollar overnight it would seem like expectations of a pause in taperingare on the rise. While somewhat less likely,
CAD Mid-day Analysis
With the Canadian Dollar making a noted range up move this morning, one has to thinkthe overt weakness in the Dollar is the primary driving force behind the rally.
GBP Mid-day Analysis
In a surprise shift the Pound has managed to throw off its recent pattern of weakness and it hasmanaged that action in the wake of slack Chinese data.
Central European Daily
CE markets calmed down on Wednesday The Central European currencies calmed down yesterday.
Sterling washout due, inflation the next clue
A short-term sell-off in sterling shouldn’t come as a surprise. The trinity ofpositioning, flow and data suggest this to be on the cards.
The Global Macro Pulse
The antipodeans have dominated G10 FX price action. NZDUSD rallied to 0.8520 following the RBNZ’s rate hike and hawkish statement only to get a further leg up to 0.8562 from the AUDUSD.