Forex Analysis
JPY Mid-day Analysis
As expected, the Yen has slipped downward on the charts as the safe haven impetus has waned andcurrency players move toward the Swiss and Pound,
USD Mid-day Analysis
The Dollar came away from the Fed testimony somewhat out of favor. With the Fed leaving theprospect of additional tapering in place, but also suggesting that tapering wasn’t predetermined,
CAD Mid-day Analysis
The Canadian is being lifted by a rising global tide. In retrospect, the early February lowwas the result of a combination of fears of emerging market turmoil,
GBP Mid-day Analysis
Not surprisingly, the Pound is already into a full blown recovery move as global economic anxiety hasbeen partially replaced by global optimism and
Central European Daily
Czech inflation falls to 0.2% y/y in January… …and surprises CNB on the downside The Czech inflation figures are the highlight of today´s morning session.
Norwegian GDP to support the NOK
In the UK the event of the week will be today’s Bank of England Inflation Report (IR). The MPC has indicated that the forward guidance framework will be reviewed in the IR as unemployment has come down rapidly to
Don’t fear Carney creep, follow the flow
Arguments over spare capacity and productivity may seem arcane, but they are important for currencies. Relative output gaps have done a good job of explaining sterling performance against the majors over the last two decades.
The Global Macro Pulse
New Fed Chair Yellen’s clear message of continuity of Fed policy has helped push equities and EM Asia currencies higher across the board. The Nikkei is up 0.7%, the Hang Seng rallied 1.1%,
FX Daily
Euro-area industrial production is likely to show a decline in December followingthe strong gain of 1.8% m/m in November. Most euro countries have publisheddeclines in industrial production for December.
FI Eye-Opener: The Yellen era begins
• Yellen debuts as Fed spearhead • Treasuries sells off and US swap rates tick up on the speeches
EUR/USD Analysis
Another relatively subdued session in Asia today with euro-dollar again stuck within a narrow range following last night’s testimony by new Fed chair Janet Yellen.
GBP/USD Analysis
The pair closed in NY at $1.6452 after rate had been able to recover from early Europe lows of $1.6392 to $1.6488 at the London fix before it settled back around $1.6450 through the NY afternoon.