Forex Analysis
GBP/USD Analysis
The pair closed in NY Thursday at $1.6685 after rate had recovered off an intraday low of $1.6617 (76.4% $1.6583-1.6728) to $1.6699 as equity markets gained a boost from stronger than forecast US durable goods data,
EUR/USD Analysis
The pair started last night’s US session near the weaker end of a $1.3643-96 range following softer German state CPI data, and ongoing tensions in parts of the Ukraine but
AUD/USD Analysis
Aussie got back up to a $0.8970 in relatively subdued overnight dealings, and started this morning holding near that at $0.8964, initially marking a narrow $0.8957/68 range.
USD/JPY Analysis
The pair traded a US high of Y102.21 after US stocks rallied helped partially by Fed’s Chair Yellen’s mildly more dovish assessment of the US economy,
Fed Fisher Calls For Refined Communication On Rate Changes
Dallas Federal Reserve Bank President Richard Fisher said Thursday that in his view the Federal Reserve should mull refining its communication on future changes of its key overnight interest rates.
EUR Rebound Seen As Short Squeeze Ahead Of Inflation Data
The euro spiked higher versus the dollar and on the crosses Thursday, despite the release of German data earlier, showing lower-than-expected inflation and
EUR Mid-day Analysis
The Euro remains in a liquidation bias this morning despite scheduled data flows this morning that shouldhave provided some support! In other words,
CHF Mid-day Analysis
The Swiss is undermined by less than impressive Swiss 4th quarter growth readings and with Swissgrowth anemic at only +.2% it could be difficult for the March Swiss to hold above the 1.12 level on the charts.
JPY Mid-day Analysis
Talk of only a minimal improvement in this weekend’s Chinese PMI release, rekindled concern towardemerging markets again.
USD Mid-day Analysis
The bull camp got a surprise lift from a residential home sales result yesterday that bucked the recenttrend of weak US housing data. While some think that the data result was suspect,
CAD Mid-day Analysis
Weaker equities, expectations of weak US data, a port workers strike and fears of hawkishUS Fed talk later this morning, should leave the bear camp with an edge in the Canadian.
GBP Mid-day Analysis
The Pound remained off balance overnight, as UK inflation expectations sparked deflationary dialogueovernight. One might also expect some pressure on the Pound,