Forex Analysis
Employment, weather and FX reactions
Heading into this week’s employment data investors may attribute weaknumbers to the weather.This view is not entirely unjustified.
The Global Macro Pulse
USDJPY was supported at 102.2 as US 10y yields continued to trade close to 2.70%. AUD spiked on a better GDP print, but has eased back to 0.896 at the time of writing.
FX Daily
As tensions in the Russia/Ukraine conflict are easing, economic data will likelyget some more attention again. Service PMIs will be released in most countriestoday.
FI EYE-OPENER: Buy. Options. Now.
The situation in the Ukraine got a bit calmer yesterday on the back of Putin’s press conference where he said he saw no immediate need to invade eastern Ukraine.
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6664 after rate had retreated from earlier session highs of $1.6716 to $1.6652 after the London fix, recovered to $1.6680 into the NY afternoon before it drifted off into the close.
EUR/USD Analysis
The pair climbed to $1.3782 last night in the US but could only muster a narrow $1.3730 to $1.3744 range in Asia today.
Financial Markets Wrap – February: Full of Fight
– Recovering from January’s emerging-market sell-off, the NZD kicked higher as domestic strength reasserted itself
AUD/USD Analysis
Aussie was a big mover this morning in the Asia-Pacific timezone, as it reacted to China’s announcement of growth and CPI targets earlier and
USD/JPY Analysis
The pair has been under pressure since last night as investors offloaded on safe-havens amid signs that tensions are easing in the Ukraine, although overall ranges and
Recent Chinese Yuan Gains Allay Fears; Caution Urged
The Chinese yuan gains seen this week, coupled with the Russia/Ukraine turnabout, have gone a long way to allay market fears about pending doom and gloom, analysts said.
Pickup in Inflation, 4Q GDP, Won’t Change BOC Course
Neither the inflation pickup in January nor the GDP growth acceleration in the fourth quarter, that topped the Bank of Canada’s own projection,
EUR Mid-day Analysis
With the Euro short term technically and fundamentally overbought into last week’s highs and a shift in theUkrainian situation, the bear camp looks to have a slight edge.