Forex Analysis
GBP/USD Analysis
The pair closed in NY Monday at $1.6307 after rate had extended its corrective pullback to $1.6291 with pressure on sterling through the day seen after the release of weaker than forecast UK mfg PMI data,
AUD/USD Analysis
Aussie was the standout performer today, thanks to the RBA’s monetary policy statement, following its decision to keep the cash rate on hold at 2.50%.
USD/JPY Analysis
The pair continued with a relatively firm tone this morning as emerging market concerns drove risk sentiment lower but trades off the initial highs toward the end of the morning.
EUR Mid-day Analysis
With a modest show of positive data overnight, the Euro appears to have found some measure offundamental support on its charts.
CHF Mid-day Analysis
The Swiss seems to have garnered some fresh long interest this morning in the wake of flight to qualitygains in the Yen and ongoing calls for more easing from the ECB.
JPY Mid-day Analysis
A fresh upside breakout in the Yen would seem to indicate ongoing safe haven anxiety off the emergingmarkets situation but the Yen might also be drafting some lift from lackluster Chinese data overnight.
USD Mid-day Analysis
While the March Dollar index has started the new trading week off its recent highs, the bullish tiltremains in place. In addition to residual emerging market concerns,
CAD Mid-day Analysis
The Canadian has started the new trading week with positive follow through from lastFriday key reversal. Perhaps the Canadian macro economic outlook was overly bearish into the low Friday and
GBP Mid-day Analysis
Apparently the Pound is suffering because of generally positive economic data outside of the UK. Earlierin January it appeared as if the Pound was carving out a significant macro economic edge,
Central European Daily
Regional PMIs at multi-year highs Markets start to price in rate hikes in Hungary While the Czech koruna slightly strengthened on Friday,
Euro area: The heat is on the ECB… again
The heat is on the ECB to ease policy again at this week’s meeting. At the January ECB meeting, Mr Draghi identified two triggers that could prompt new monetary easing:
The Global Macro Pulse
The dollar has nudged stronger in Asia. USDJPY is up at 102.37 and AUDUSD is a bit lower at 0.8750. EURUSD has chopped around 1.3486 for most of the Asian morning.