Forex Analysis

EUR/USD Analysis

The pair started in Asia at $1.3733 this morning following a $1.3725/65 range overnight in the US. It fell to an early Asian session low of $1.3729 as euro-yen and

The pair closed in NY Wednesday at $1.6682 after rate had recovered off its post UK employment data react lows of $1.6637 to $1.6724 after Europe closed, pulling back to $1.6684 on reaction to FOMC Minutes,

AUD/USD Analysis

Aussie slammed after the weak China HSBC flash PMI reading. Aussie-dollar opened at $0.9000, and briefly traded below that to $0.8992 before rumored demand from $0.8985/80 carried it back to $0.9013 high.

USD/JPY Analysis

The pair opened at Y102.32 in early Asian trade while euro-yen started at Y140.51 today. Dollar-yen traded sideways in the opening hours and then got up to a Y102.41 high after Japan’s trade data and

EUR Mid-day Analysis

Another new high for the move in the Euro is generally the result of slack US data and the prospects formore slack US data in the hours ahead and that should leave the Euro bulls with the edge.

CHF Mid-day Analysis

A quasi double top in the March Swiss up at 1.1278 might be strong resistance today, unless the earlyUS scheduled data provides a push up above that level.

JPY Mid-day Analysis

The coiling continues in the Yen, with just enough macro economic uncertainty flowing from the USeconomic track and the flap in the Ukraine, to provide support for the Yen.

USD Mid-day Analysis

While the March Dollar saw a fresh downside breakout overnight, the market was able to reject thatslide and regain the 80.00 pivot level on the charts.

CAD Mid-day Analysis

Ongoing weakness in the Dollar has given a residual lift to the Canadian and the presenceof more overtly weak US data might be expected to add to the upward action in the Canadian.

GBP Mid-day Analysis

The Pound was priced for perfection into the Tuesday high. While UK jobless figures bestedexpectations overnight, a rise in the UK unemployment rate caught the Pound a little over priced.

Central European Daily

A surprise 15bps rate cut by the NBH has opened the door for the forint weakening The National Bank of Hungary cut its base rate by 15bp from 2.85% to

An unusual elongated risk cycle

The biggest mistake that can be made in assessing the longevity of EM problems is to assume this is only a story relevant for Current Account deficit countries, or relegated to ‘a fragile five’.