Forex Analysis
Central European Daily
Low Hungarian inflation boosted rate cut expectations… … and the forint eases Lower-than-expected Hungarian inflation, which recovered only
Three scenarios to make you smile
The one ‘smile’ that will survive the current FX torpor, is the scenario analysis that suggests the USD will do best at the extremes for risk, either when risk appetite is very positive or negative.
The Global Macro Pulse
G10 exchange rates traded sideways in Asia after their moves in late New York trading. EURUSD is a touch softer at 1.3853, AUDUSD is down slightly to 0.8960, and USDJPY is flat at 103.
FX Daily
There are a number of speeches from ECB board members today in connectionwith the ECB’s Watchers conference.
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6616 after rate had managed to recover off traded lows of $1.6596 to $1.6646 before rate eased into the close.
EUR/USD Analysis
The pair opened at $1.3860 this morning in the Asia-Pacific following an unexciting overnight session, which saw the single currency marking a $1.3834 to $1.3877 range during the US hours.
AUD/USD Analysis
Aussie istarted this morning on a soft note on concerns about commodities and metal markets and over Chinese corporate defaults. Aussie-dollar fell from around $0.8979 to $0.8964 in early trades with
USD/JPY Analysis
The pair started the morning on a relatively firmer footing, with dollar-yen seeing an early gap down to Y103.02 from around Y103.22 while euro-yen started at Y142.78.
CIBC: USD/CAD: Where To From Here?
CIBC World Markets continues to look for USD/CAD to consolidate within the 1.0870-1.1250 range in the near-term.
EUR Mid-day Analysis
Apparently seeing slack UK February retail sales figures, a minimal +0.1% 4th quarter Italian GDP resultand residual concerns toward the Ukraine have left the bear camp with a slight edge.
CHF Mid-day Analysis
Like the Euro, the Swiss has come off a compacted short term overbought condition and it is vulnerableto classic retracement action.
JPY Mid-day Analysis
Despite residual economic fears toward China and uncertainty from the Ukraine situation, the Yen hascontinued to erode on its charts. Seeing the BOJ leave stimulus measures in place and