Forex Analysis
CHF Mid-day Analysis
Favorable Swiss retail sales has provided the Swiss with some internal support and with the rest of thecurrency markets showing indecision, the Swiss looks to win by default.
JPY Mid-day Analysis
The Chinese export news has provided some support to the Yen against what appeared to be anentrenching down draft on the charts last week. Clearly the Chinese data is discouraging to the Japaneseeconomy,
USD Mid-day Analysis
The Dollar has remained weak despite potentially supportive Chinese economic data over theweekend and ongoing escalation of tensions in the Ukraine.
CAD Mid-day Analysis
Not surprisingly the Canadian is undermined by the deterioration of Chinese economicexpectations. It is also possible that disappointing Canadian economic news from last week has left the Canadianout of favor.
GBP Mid-day Analysis
Not surprisingly the Pound is out of favor in the wake of a deterioration of global macroeconomic views.At the root of the downside in global sentiment is slack Chinese export data,
Central European Daily
Zloty and forint ease on Ukraine and U.S. job growth Czech CPI grew 0.2 % y/y in February On Friday, unrelenting tensions in Crimea and
FX Daily
Today’s data calendar is relatively light. France and Italy will release industrialproduction for January and provide important input on the direction of the overalleuro area industrial production data to be released on Wednesday.
FI Eye-Opener: Cautious tone to pressure rates today
Long US and German bond yields edged higher after the better than expected US payrolls increased again the bets that the US economy is still on track and the Fed will continue tapering as planned.
GBP/USD Analysis
The pair closed in NY Friday at $1.6713 after rate had been driven down to lows of $1.6706 following the release of stronger than forecast US NFP data.
EUR/USD Analysis
The pair started in Asia this morning at $1.3877 and spent the early part of the morning broadly supported from the initial low of $1.3867.
AUD/USD Analysis
A lackluster session for the aussie so far today, with Aussie struggling below last Friday’s US session low of $0.9062 through most of the morning.
USD/JPY Analysis
The pair started the session with a gap lower, to Y103.04 from Friday’s US close of Y103.26 while euro-yen also gapped down to a Y142.57 open vs Y143.33.