Forex Analysis
EUR/USD Analysis
The pair opened at $1.3592 after chopping around in a $1.3482 to $1.3619 range during the overnight session, with the ECB meeting outcome and President Draghi’s remarks contributing to the euro’s moves.
AUD/USD Analysis
Aussie again a big mover this morning thanks in part to the RBA, which issued its quarterly statement on monetary policy earlier today following its signal that it was moving to a neutral stance earlier this week.
USD/JPY Analysis
The dollar started in Asia on a slightly firmer note vs the Japanese yen as yen crosses also edged higher on anticipation of another rise in Japanese stocks.
Money Escaping Asia At Tremendous Rate
Asian Century Quest Capital, a New York-based hedge fund firm that managed nearly $2 billion in 2012, is down to less than $100 million in assets following client redemptions and tepid performance,
Analysts’ Take On ECB Mtg
European Central Bank President Mario Draghi may have disappointed some investors by not taking monetary easing steps Thursday, but ECB watchers say his press conference left the door wide open for additional moves in March.
Euro area: ECB comment – the disappointment that wasn’t
The door is kept open for action in March, but Mr Draghi clearly tried to focus on the positive elements of the most recent development.
CHF Mid-day Analysis
A series of highs around the 1.1104 area look to be stiff resistance in the Swiss. While the Swiss mightsee some minor lift from no change in BOE and ECB policy,
JPY Mid-day Analysis
The Yen continues to garner a measure of safe haven buying interest in the wake of BOJ commentswarning against more emerging markets turmoil ahead.
EUR Mid-day Analysis
While the Euro is holding around unchanged levels, the track of the Euro is likely to favor the downside inthe aftermath of the ECB meeting where the threat of deflation is expected to be left in place by inaction.
USD Mid-day Analysis
With the focus of the trade shifting back toward the prospects of deflationary conditions in the Eurozone and the trade seemingly embracing a slight improvement in a US services ISM result,
CAD Mid-day Analysis
Apparently a decline in December Canadian building permits yesterday wasn’t thatconcerning to the Canadian, as prices have generally respected a quasi double bottom support level of 89.81.
GBP Mid-day Analysis
With a BOE meeting seeing no change, traders might expect a bit of volatility to end this week. Certainlythe recent correction in the Pound has reduced the overbought status and it has also tempered the straight awayglobal recovery expectation.