Forex Analysis

CAD Mid-day Analysis

The Canadian seems to be defying economic gravity as an extension of gains on thecharts appears to be coming despite a lack of economic sentiment toward Canada.

The Pound is under a liquidation watch as suspicion toward the pace of global recovery and in therecovery pace of the US, is calling into question the gains forged in the Pound over the last 3 months.

Central European Daily

Temporary relief for Hungarian markets and Polish zloty The NBP will stay on hold today Both the Hungarian forint and the Polish zloty firmed as tensions in

FX Daily: Back the EM Bounce

We think there is little prospect of recent country-specific crises spilling overinto other EM or DM markets.

The Global Macro Pulse

AUDUSD has drifted off of its overnight high of 0.8942 to trade at 0.8882 at the time of writing. Both EURUSD and USDJPY are slighly lower from their New York levels, trading at 1.3513 and 101.43.

FX Daily

Italian and Spanish service PMIs are expected to show further improvement and based on the flash euro-area PMIs, our forecasts are above consensus.

EUR/USD Analysis

The pair opened at $1.3519 today in the Asia-Pacific after last night’s $1.3495 to $1.3529 range during the US hours. The pair rode on an early move higher in euro-yen and

GBP/USD Analysis

The pair closed in NY Tuesday at $1.6329 after a volatile session which had seen rate post lows into Europe of $1.6257 before spiking up to $1.6353 on release of stronger then forecast UK construction.

Economy Watch – Jobs Boom Not Stoking Inflation, Just Yet

When we look at the entirety of today’s labour market information, we’re left with the impression that while activity is clearly accelerating,

AUD/USD Analysis

Aussie today reversed some of the gains made in the wake of yesterday’s RBA statement after it peaked at $0.8943 overnight in the US. Aussie-dollar opened at $0.8925 and

USD/JPY Analysis

The pair opened at Y101.63 and gained modestly in early trades to reach a Y101.77 high a few minutes before Japanese stock markets opened higher.

Economy Watch – Outlook for Borrowers: February

The RBNZ left the Official Cash Rate (OCR) unchanged at its January review as we expected. However, in our view, the Bank gave the clearest possible indications that it anticipates raising rates in March.