Forex Analysis
GBP/USD Analysis
The pair closed in NY Friday at $1.6748, after rate had extended its recovery off Thursday lows of $1.6617 to $1.6769 earlier in the day, before it eased to $1.6684 ahead of Friday’s NY open only to
Scandi markets ahead: PMIs on the agenda and focus on inflation at the Riksbank
We expect Swedish manufacturing PMI to continue its recent see-saw pattern anddecline. However, we believe it will remain above the critical 50 line, indicatingcontinued expansion.
EUR/USD Analysis
The pair fell to a low of $1.3694 on Friday during the New York session and then opened at $1.3779 in early Asian trading to start the new week. The crisis in the Ukraine continued to escalate over the weekend but so far today,
AUD/USD Analysis
The pair traded a $0.8916-89 range on Friday before closing on a bearish note at $0.8924 and above the lows for the week of $0.8904 set on Thursday.
USD/JPY Analysis
The pair gained marginally this morning in Asia as risk appetite weakened amid worries about potential conflict in Ukraine and as regional stock markets started lower.
Reach for the stars – NZ Terms of Trade Review, Q4 2013
NZ’s terms of trade remain at a 40 year high after rising further in the December quarter. Export prices are lingering at high levels, with the added boost to the terms of trade in the December quarter largely due to softer import prices.
Australian Markets Weekly – Investment outlook poor, still relying on exports
Poor capital expenditure data last week highlighted the business investment challenge that lies ahead for Australia. Some growth is expected in the non-mining sectors in 2014-15,
Weekly Commentary
Events of the last week have underscored our view thatNew Zealand’s export performance will come to the foreas a driver of growth in 2014, a major theme of our latestquarterly Economic Overview.
CIBC: USD: In ‘Deep Freeze’; EUR: Inflows To ‘Tail-Off
Better-than-expected new home sales and durable goods orders this week have reminded the market that not all US data is negatively impacted by harsh winter weather,
Weekly Economic & Financial Commentary
U.S. Review Yellen at the Senate, While Weather Still Skews Data • As expected, GDP growth was revised lower, reflecting a slower build in inventories, a weaker trade position and a more cautious consumer.
Weekly CFTC Trader Positioning Data
The net long USD position — at $13.7bn — narrowed for thefourth consecutive week but most positions remain relatively neutral,close to the median of the last 52-weeks.