Forex Analysis
GBP/USD Analysis
The pair closed in NY at $1.6680 following another volatile session that had seen rate rally to $1.6724, drop back to $1.6642 before it picked up fresh demand into the London 1600GMT fix which saw it rally back to $1.6728.
EUR/USD Analysis
The pair marked a $1.3715 to $1.3767 range in the US hours last night and then started the session today in a narrow $1.3738/48 range.
AUD/USD Analysis
The pair was mostly sidelined during the US session, marking a $0.9015/36 range, and started the Wednesday session holding just below that at $0.9013.
USD/JPY Analysis
The pair was under pressure in European trade last night and retreated to Y102.00, a level which supported the pair also during the New York session as lower US stocks led to further rounds of selling.
Nomura: Can The ECB ‘Shock’ The Euro Next Week? How To Position?
Despite the rate differential versus the USD moving gradually against the euro, the EUR/USD is close 1.38 and as we approach the closely-watched March ECB meeting next week,
EUR Mid-day Analysis
While EU ministers continue to argue against the deflation threat overnight in the headlines, German 4thquarter GDP results seemed to keep the threat of deflation in place,
CHF Mid-day Analysis
While the Swiss remains in a positive track on the charts, and a loss of momentum over the prior 5trading sessions hints at the prospect of a near term topping action ahead.
JPY Mid-day Analysis
A very tight coiling pattern in the Yen continues to hint at the potential for a major decision ahead. Given theFebruary slide in the Yen, we have to leave the bias pointing downward,
USD Mid-day Analysis
A pattern of lower highs and lower lows in the Dollar leaves the bears with a technical edge today. Withan extremely active US economic report slate today,
CAD Mid-day Analysis
The short covering effort in the Canadian seems to be running out of fuel but someresidual weakness in the US Dollar off scheduled US data flows later this morning might provide a minor C$ rallyattempt.
GBP Mid-day Analysis
Not surprisingly, the Pound has ranged up on its charts in the wake of favorable UK CBI retail salesresults for February. With an extremely low economic activity bar seen on the global economic scene,
Central European Daily
Polish retail sales point to solid consumption growth CE markets shrug off changes in Ukraine The Central European currencies remained nearly flat yesterday.