Forex Analysis
USD Mid-day Analysis
The Dollar has remained in favor overnight and that might be partially the result of favorable US datareleased yesterday and it might also be the result of technical reversal action on the Dollar chart.
CAD Mid-day Analysis
The Canadian remains vulnerable to more declines as global macroeconomic sentimentremains suspect.
GBP Mid-day Analysis
The Pound seemed to anticipate disappointing UK February retail sales results and it would seem likethe Pound has seen some added pressure as a result of BOE comments overnight.
Wheeler’s got bottle, kiwi can’t milk it
Graeme Wheeler will be the first G10 central banker to hike rates onWednesday, lifting New Zealand’s OCR 25bps to 2.75%. Domestic indicatorsshow a gradually strengthening economy and
The Global Macro Pulse
G10 FX pairs are largely unchanged, but EM Asia currencies are stronger against the dollar despite USDCNY fixing 15pips higher to 6.1327. EURUSD has edged down to 1.3868, USDJPY is flat at 103.24,
FX Daily
We have a light data calendar again today with only second tier releases such asmanufacturing production in the UK, revised Q4 GDP in Italy and small businessconfidence in the US of secondary importance.
FI Eye-Opener: China causing some worries again
Bonds started the new week with some gains yesterday. The German 10-year yield fell by some 3bp, while the drop in the corresponding US yield was a more modest bp.
GBP/USD Analysis
The pair closed in NY Monday at $1.6645 after rate had extended its corrective pullback, off Friday’s high of $1.6787, to $1.6622 as strong demand for euro-sterling
AUD/USD Analysis
The pair opened this morning at $0.9020 after easing from last night’s US session high of $0.9042. Aussie-dollar marked an early high of $0.9040 as the market attempted to
USD/JPY Analysis
The pair opened at Y103.26 and spent most of the morning in a holding pattern ahead of the Bank of Japan’s monthly policy announcement.
NAB Business Survey – February 2014
Is the recent recovery short lived? One or two steps forward, now a step back. The NAB Business Conditions index disappointingly back-pedalled sharply in February to
EUR Mid-day Analysis
The Euro bulls have to be cheered by the Euro’s capacity to weave its way through a negative US Non-Farm Payroll result at the end of last week.