Forex Analysis

EUR Mid-day Analysis

The Euro reversed course overnight and has violated a series of close-in support points on the charts.Overnight data flow from the Euro zone was mixed with French data softer than expected and

The February run in the Swiss has been reversed off a noted downshift in global economic views, but themain catalyst behind the reversal might have been surprisingly hawkish dialogue from the US Fed meetingminutes.

JPY Mid-day Analysis

Weak Chinese economic data, weak global equity market action and softer US data flows have seeminglyunderpinned the March Yen above thickening consolidation support down at 97.50.

USD Mid-day Analysis

The Dollar came back into vogue yesterday after the 80.00 level held and the US Fed floated somehawkish dialogue. Apparently the markets aren’t overly concerned that the US Fed is prematurely pulling back onstimulus and

CAD Mid-day Analysis

The deterioration in global economic views combined with a surprise shift in US Feddialogue to yank the rug out from under the Canadian.

GBP Mid-day Analysis

The Pound was technically and fundamentally overdone at the February highs and the downshift inglobal economic expectations is not an insignificant influence directly ahead.

Global FX Strategy – The EUR is not “risky” anymore

EURUSD – Toward 1.40 In an environment of low volatility, the underlying driver for the EURUSD is still the relative flows.

CitiFX: EURUSD 3 Downside Risks

EUR/USD’s recent strength seems driven by a combination of euro-positive and dollar-negative factors, but this is likely to be in the process of taking a different turn, argues Citibank.

Central European Daily

Violence in Ukraine weighed on regional sentiment Hungarian forint led fall of CEE currencies All three regional currencies weakened yesterday.

FX Daily – “Unexpected” FX Moves Around Fed

Two months have now passed since the Fed started to taper. During that time, the EM sell-off has taken the headlines, but perhaps more interesting has been USD/JPY.

FX Daily

The main focus will be flash estimates for PMI in the euro area starting with Franceand Germany this morning. We expect the euro-area composite PMI to have movedbroadly sideways in February from the solid 54 level in January.

FI Eye-Opener: Fed not concerned by recent data development

Bonds rallied early yesterday, but the direction turned later in the day, partly in response to Fed minutes (see more below). German yields ended the day slightly down,