Forex Analysis
Weekly Commentary
Last week’s data largely supported our outlook for the NewZealand economy. New Zealand’s export commodity pricesrose to a new record, and the terms of trade edged up to seta fresh 40 year high.
FX: EUR not done yet
With ECB rather relaxed about EUR, the US payrolls so-so, the only hope for USD now is if bad news from China escalate…
Weekly Economic & Financial Commentary
U.S. Review Still on Track • Nonfarm payrolls rose by 175,000 in February as employers looked past the nasty weather of late.
Weekly CFTC Trader Positioning Data
The net long USD position — at $13.7bn — narrowed for the fourth consecutive week but most positions remain relatively neutral, close to the median of the last 52-weeks.
Forex Weekly Report
CHF Strength Not all About Risk Aversion Despite its widely projected demises, the CHF has appreciatedsignificantly for most of the year.
EUR Mid-day Analysis
Another new high in the Euro overnight suggests that the trade is embracing the argument that the Euroeconomy is stronger than the US economy.
CHF Mid-day Analysis
Not surprisingly the Swiss is rushing to factor in weak US scheduled data. However, the Swiss alsoseems to be benefiting from the noted improvement in European economic data and conditions in that region.
JPY Mid-day Analysis
The Yen hasn’t been able to check a slow and gradual slide in the face of deteriorating US economic viewsand or in the face of some rather surprising threats from Putin regarding sanctions retaliation.
USD Mid-day Analysis
The Dollar appears to have discounted the surprise decline in US initial claims yesterday and in turn isseemingly rushing to factor in another disappointing reading on jobs.
CAD Mid-day Analysis
With the March Canadian sitting 150 points above the recent lows into critical data fromboth sides of the border today, one might expect a volatility event of sorts.
GBP Mid-day Analysis
The Pound continues to behave like an equity market index. The Pound started its upward march lastJuly in the wake of signs of UK growth that in turn were seen after, the UK embraced austerity.
ECB paves the way for a test of 1.40 in EUR/USD, but…
Yesterday’s ECB meeting turned out to be a significant disappointment for those (including ourselves) looking for a weak inflation forecast to signal further easing from Frankfurt.