Forex Analysis
USD/JPY Analysis
Japanese stock market performance set the tone for yen pairs in today’s Asia-Pacific session with dollar-yen uder pressure from earlier in the day, as the Nikkei 225 traded in negative territory.
Australian Markets Weekly – The big picture for Australia ahead
Recent data has continued the positive tone evident since Christmas. Market now expects the next move in the cash rate to be up but the first full 25bps is not factored in until June 2015.
Weekly Commentary
New Zealand’s housing market is clearly slowing, andretailers ended 2013 on a less exuberant note thanexpected. However, we’ve also had early signs that the nextactual inflation print may be closer to 2% than we thought.
FX: Denial mode
“When the US sneezes, the rest of the world catches the cold.” Bad US ISM? Weather. Bad Chinese PMI? New Year.
CIBC: Loonie: To Fly Higher By Spring
The Ice storm-induced weakness in the Canadian December data could soon provide a good opportunity to close out any remaining short CAD positions,
Commerzbank: Next Week’s Ranges & Bias For Majors
Encouraging economic data from the euro area and signs of a weakening US economy have recently buoyed EUR/USD, notes Commerzbank.
Weekly Economic & Financial Commentary
U.S. Review Weather Effects Continue to Influence Economic Data Housing starts plunged 16 percent in January to an 880,000-unit pace. Building permit activity also declined for the month but not as sharply.
Weekly CFTC Trader Positioning Data
The USD is being traded not as a broad US‐centric theme butinstead with the focus on the local domestic stories. Accordingly sentiment is favouring a fairly mixed USD performance.
Forex Weekly Report
Energy dependence has detrimental impact on current account The Japanese current account is being watched carefully for signs of improvement.
EUR Mid-day Analysis
The March Euro starts the Friday trade in the lower half of the prior session’s range and it would not seemlike it was able to benefit from slack UK retail sales data.
CHF Mid-day Analysis
The March Swiss has spent the early Friday trade in the lower half of the prior session’s range and thefailure to hold above 1.1219 might signal a technical failure on the charts.
JPY Mid-day Analysis
A lower low for the Yen to start favors the bear camp. Reduced financial market concerns in China, lowertensions in the Ukraine and generally higher global equity market action would seem to leave the Yen in adownward track on the charts,