Forex Analysis
AUD/USD Analysis
Aussie started the day at $0.9038 after failing again to take out the $0.9050 barrier last night in the US. Early dealings saw aussie-dollar drift lower in a move seen as players adjusting positions after the overnight gains hit a high of $0.9049.
USD/JPY Analysis
JPY started out on a slightly weaker note in Asia this morning, with dollar-yen opening at Y102.65 and then inching up to Y102.68, just off its Y102.71 US session high.
China Trade Lifts CAD, AUD; Gains Likely Temporary – Analysts
Chinese trade data released earlier Wednesday showed a wider-than-expected surplus in January, serving to underpin commodity currencies,
EUR Mid-day Analysis
The Euro has forged another higher high for the move and in turn has reached the highest level sinceJanuary 29th.
CHF Mid-day Analysis
The Swiss spiked up overnight and returned to the vicinity of the 1.12 level and the Swiss also seems asif it has caught a consistent bid off slack US data, talk of a pause in tapering and also because of a recovery inglobal equities.
JPY Mid-day Analysis
The Yen looks a little vulnerable on the charts this morning as a pattern of lower highs since the end ofJanuary is only partially countervailed by a quasi double bottom low around 97.55 to 97.44.
USD Mid-day Analysis
The Dollar has started the Tuesday session on a negative track, with a lower low and the lowest pricesince January 29th. Apparently portions of the currency trade,
CAD Mid-day Analysis
Today is likely to be a critical pivot point for the Canadian Dollar, as a hawkish tone fromthe Fed is likely to rekindle strength in the Dollar relative to the C$ and
GBP Mid-day Analysis
The March Pound managed a fresh higher high for the move in the wake of generally up beat UK data,positive global equity market action and from “hope” that the Fed will at least hint at the potential for a pause intapering.
Central European Daily
The forint under pressure again All emerging-markets’ eyes on Yellen’s testimony Last week’s HUF strengthening turns out to be a temporary correction as
The Global Macro Pulse
G10 FX saw CAD, AUD, and EUR jump in succession in what seems to be stop driven moves. USDCAD jumped from 1.1057 to 1.1087 in early Asian trading before settling at 1.1081.
FX Daily
Fed chairman Janet Yellen testifies before the House Financial ServicesCommittee in her first semi-annual report on monetary policy since taking over fromBen Bernanke.