Forex Analysis

Commerzbank: EUR/USD Stay Short

After 6 trading days sitting below the 1.3805/78.6% retracement, EUR/USD has finally started to sell off, says Commerzbank.

Central European Daily

Zloty and forint drop on mounting political pressures On Wednesday, the Central European currencies weakened against the euro.

Finally some support to the US dollar and renewed EM jitters

German HICP will give the first insight into what to expect of the euro area aggregate due to be released tomorrow. We expect the German figure to remain unchanged at 1.2% but

Repeat after me: 10-year rates will rise and the dollar will advance in 2014. That seems to be the near unanimous chorus from Bloomberg analysts judging by the forecasts on FXFC <GO> and ECFC <GO>, respectively.

The Global Macro Pulse

NZD started the day rallying to 0.83 as a stream of positive data and news hit markets. A weak capex survey, on the other hand, pushed AUD down to 0.892 although it has since retraced to 0.894.

FX Daily

Some important releases are due today ahead of next week’s ECB meeting. Acontinuation of the weakness in monetary and credit developments will add to thearguments for more easing from the ECB.

FI Eye-Opener: German bund yield about to break lower

Safe haven yields edged clearly lower yesterday as the tensions in Ukraine intensified when Russia put troops on alert near Ukraine. The markets shrugged off the poor German auction and

EUR/USD Analysis

Worries about tensions in Ukraine contributed to pressure on the euro last night, with the pair declining to $1.3662 in the US session before finding a base just above the 55-day moving average of $1.3660,

GBP/USD Analysis

The pair closed in NY Wednesday at $1.6670 after rate had been pressed off highs of $1.6702 to lows of $1.6622 as end month corporate dollar demand,

AUD/USD Analysis

Today’s Q4 capex data provided some mild distraction for the aussie after several days of tracking Chinese yuan market moves. US dollar gains overnight pushed the aussie down to a $0.8957 low during European trade and

USD/JPY Analysis

The pair got up to Y102.41 in European trade overnight and extended that to Y102.61 during the US hours before starting in the early pre-Asian hours at Y102.35.

EUR Mid-day Analysis

German economic data overnight wasn’t strong enough to directly extend the early February push up onthe charts in the Euro and the bull camp has to be increasingly concerned about a loss of momentum on thecharts.