Forex Analysis
AUD/USD Analysis
Aussie began to inch higher soon after it had started this morning’s session at $0.8979. After a tentative low of $0.8966, aussie-dollar crept up to $0.8990 amid signs of improved risk appetite just before Japanese stocks opened higher.
USD/JPY Analysis
The pair marked small gains this morning in Asia, with yen pairs taking their cue from moves in Japanese stock markets. Dollar-yen opened at Y while euro-yen started at Y139.77.
Economy Watch – The Problem with Unemployment Targets
The real test for central banks is not exactly an interim unemployment rate “target”, but broader assessments of labour demand relative to available supply.
Why the JPY won’t weaken
Trade up to JPY strengthExternal balances became fashionable once again in the FX market during 2013.
EUR Mid-day Analysis
The brunt of the rise in the Euro this morning appears to be the result of a down shift in sentiment towardthe US Dollar. Even more surprising is the gains in the Euro this morning are being made in the
CHF Mid-day Analysis
The Swiss has forged a solid upside extension and in the process the March contract has reached thehighest level since January 24th. The Swiss is managing the gains in the face of rising uncertainty off the push forimmigration reform,
JPY Mid-day Analysis
With weaker equity market action, noted weakness in the Dollar and the prospect of soft US scheduled datalater today, the flight to quality crowd in the Yen gets a near term window of opportunity.
USD Mid-day Analysis
The Dollar forged a noted failure on the charts overnight and that might be partly the result of anextraction of safe haven interest from the US debt ceiling deal or it might be the result of anticipation of slack USdata due out later this morning.
CAD Mid-day Analysis
With a slight tempering of global macro economic optimism, weaker energy and metalsprices, the Canadian appears to have stalled on the charts.
GBP Mid-day Analysis
With a significant lack of competition from macro economic differentials and from interest ratedifferentials, the Pound wins by default. As in other currencies,
Central European Daily
Low inflation supports Czech bonds EU’s court says Hungarians might review FX loans
Risk of soft Riksbank and annual address by Governor Olsen in Norway
Today attention turns to Scandinavia with the Riksbank meeting as the main event. Our view is that rates and the rate path will be kept more or less unchanged.