Forex Analysis
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6723 after the rate had been driven to session highs of $1.6741 on a mix of stronger than forecast UK services PMI data,
AUD/USD Analysis
Another day of strong gains for the Aussie today after it opened at $0.8985 this morning. It drifted off a few notches in early dealings, touching a $0.8973 low ahead of
USD/JPY Analysis
The pair traded with decent gains this morning after it opened at Y102.32 and euro-yen opened at Y140.49. Dollar-yen edged higher in early trade and then found a stronger boost to
This is it – RBNZ Monetary Policy Statement Preview
The Reserve Bank is widely expected to lift the OCR by 25bp to 2.75% next Thursday, as it starts to head off the inflation pressures generated by the strengthening economy and the Canterbury rebuild.
EUR Mid-day Analysis
The Euro is under the influence of a bearish chart breakdown and it also appears as if better thanexpected Euro zone and German Service sector readings have failed to provide support to the currency.
CHF Mid-day Analysis
The Swiss has remained under a liquidation wave that is seemingly the result of the ongoing deflation ofUkraine fears. One might also suggest that global macro economic sentiment is on the mend again and
JPY Mid-day Analysis
A further decline in global uncertainty has applied pressure to the Yen. In addition to declining Ukraineuncertainty, the markets also appear to be cheered by Chinese government dialogue and positive Euro zone data flows.
USD Mid-day Analysis
Surprisingly the Dollar remains in vogue in the face of a decline in Ukrainian concerns. One might alsosuggest that the Dollar has generally remained in vogue without a definitive improvement in the US economic condition.
CAD Mid-day Analysis
The Canadian is in a similar position as the Pound in that it needs to see classic globaleconomic optimism to reject the sub 90.00 zone and reverse the September 2013 to January 2014 down trend!
GBP Mid-day Analysis
News that UK service sector PMI came in slightly above expectations is supportive, but that was clearlycountervailed by evidence of deflation in shop prices from the British Retail Consortium for February.
Central European Daily
Tensions between Russia and Ukraine temporary ease The NBP to hold rates unchanged Tensions between Russia and Ukraine has eased yesterday somehow after
Ukraine tensions ease pave way for service PMI focus before ECB
Risk appetite has continued its recovery overnight after Ukraine-Russia tensions eased somewhat yesterday.