Forex Analysis
JP Morgan: GBP/USD En-Route To 2009 High
In GBP/USD, JPM thinks that last week’s upside breakout is generally bullish and suggests that the upside is now wide open for a re-test of the 2009 high at 1.7044.
JP Morgan: EUR/USD Higher W/o Conviction
EUR/USD’s defense of daily Ichimoku-support (at 1.3551 today) with the lagging line followed by the break above the first minor T-junction at
RBA: Rates Likely Stable If Economy Evolves Broadly As Expected
The Reserve Bank of Australia judged it was prudent to leave the cash rate unchanged at the February board meeting and that rates would remain stable if the economy evolved broadly as expected.
Central European Daily
Preliminary GDP results boost optimism,… … so CEE currencies strengthen Preliminary figures of GDP of Central European countries signalled on Friday that the economic growth in the region gained momentum.
Barclays: The USD ‘On Ice’…But For How Long?
“The risk sentiment stabilized last week, helped by the US Congress’ passing of a “clean” debt-ceiling bill that extended the debt limit until March 2015, and robust trade data from China, among other things.
The Global Macro Pulse
Equity markets have rallied across the board in Asia, but the dollar is weaker. The Nikkei opened lower, but recovered to be up 0.5% at the time of writing despite yen strength.
FX Daily
The leader of Italy’s centre-left Democratic Party, Matteo Renzi, is expected tobe formally handed the job of forming a new government,
GBP/USD Analysis
The pair closed in NY Friday at $1.6747, just off its late session highs of $1.6757, as rate extended its recovery through the week from a low last Monday of $1.6383.
Scandi markets ahead: Low inflation in Sweden and high inflation in Norway
Main event in Sweden will be the January inflation figures. The January numbersare always scary stuff since Statistics Sweden performs a reweighting of thecomponents,
EUR/USD Analysis
A slightly firmer start for the euro-zone currency this morning after it opened at $1.3688, in part due to weekend news of Matteo Renzi’s appointment as Italian prime minister.
AUD/USD Analysis
Aussie opened at $0.9057 this morning and initially held around $0.9060 in the first few hours of the day, supported by an improved risk environment following Chinese data out over the weekend.
USD/JPY Analysis
JPY traded with slight gains this morning against the dollar and the euro, although the yen had given back a large segment of the gains toward the end of the morning session.