Forex Analysis
AUD/USD Analysis
The pair started at $0.8938 and stayed between that and a $0.8922 low in early trades with the market focused on the RBA’s rate decision.
USD/JPY Analysis
The pair started the Asian day around Y101.45 with the both the dollar and the Japanese currency in demand amid safe-haven flows while tensions continued between Ukraine and Russia.
EUR Mid-day Analysis
The Euro generally remains in favor this morning and the Dollar remains near its recent lows and thatsuggests the currency trade sees the US as more likely to be draw into the Ukraine conflict than the Euro.
CHF Mid-day Analysis
Like the Euro, the Swiss might have become overdone at last week’s highs. While the Euro and Swissmight be seen as less involved in the Russian/Ukraine situation,
JPY Mid-day Analysis
In addition to a fresh rekindling of safe haven interest in the Yen off the Ukraine situation, the Yen isprobably drafting some lift off slack Chinese and US data expectations.
USD Mid-day Analysis
The Dollar has shown only modest recovery action despite events that might have vaulted theGreenback sharply higher. Therefore the Dollar is out of favor and
CAD Mid-day Analysis
Not surprisingly, the Canadian is undermined by the risk off Ukraine flap. However, theCanadian might also be partially off balance today because Chinese data continues to be uninspiring.
GBP Mid-day Analysis
The bull camp in the Pound has to be discouraged this morning as the strongest mortgage approval ratein the UK since the sub prime crisis, a rise in UK consumer credit and
Central European Daily
Ruble weakened to a historical low PMIs boosted expectations The end of the last week was relatively calm for CEE currencies.
The Global Macro Pulse
USDRUB opened 2% higher to 36.57. FX price actions elsewhere have been relatively contained. EUR was broadly stable at 1.378 and the yen has found some support around 101.4,
FX Daily
The main release today will be the US ISM manufacturing index for February, wherewe look for a slight rebound to 52.3 following the sharp drop in January to 51.3.
FI Eye-Opener: Take cover
German Bund yield drifted higher to 1.63% after testing its lowest level since July on Thursday. In addition to a technical correction higher after the big drop,