Forex Analysis
The Global Macro Pulse
Markets are closed for the lunar new year holiday in China, Hong Kong, Taiwan, Indonesia, Singapore, Vietnam, and Korea. Elsewhere, sentiment remained generally weak despite the stronger US equity performance in NY trading.
FX Daily
Markets will continue to keep a watchful eye on emerging markets but it has been relatively calm overnight with large parts of Asia off today for celebration of the Chinese New Year.
GBP/USD Analysis
The pair closed in NY Thursday at $1.6491 after rate had recovered off an intraday low of $1.6445 (61.8% $1.6309-1.6667) to $1.6518, the correction aided by
EUR/USD Analysis
The pair started lower at $1.3555 in relatively quiet Asia markets as most regional countries are closed for Chinese New Year holidays.
Economy Watch – NZ Trade Growing Like China
This morning’s December merchandise trade figures first and foremost confirmed very strong growth momentum in the economy. Moreover, the balance of trade suggests a narrower current deficit for calendar 2013.
USD/JPY Analysis
The pair stepped into quiet Asia at Y102.66 while euro-yen at Y139.23, both pairs jumped to session highs of Y102.94 & Y139.51 respectively after Japan CPI & jobless data,
2014 Shaping Up to be a Worse Year for Emerging Markets
Last year was painful for emerging markets and 2014 is shaping up to be even worse. Among the hardest hit are Brazil, India, Indonesia, Turkey, and South Africa — dubbed the ‘Fragile Five’ by Morgan Stanley last August.
BNZ Currency Research – NZD/AUD: Parity Pipe Dream
ecent chatter around the potential for the NZD/AUD to trade to parity, provides a good backdrop to revisit our core NZD/AUD views. In our 2014 FX Outlook published in mid-December,
EUR Mid-day Analysis
Despite a favorable Euro zone sentiment reading overnight, the Euro is under pressure due to thestrength in the Dollar,
CHF Mid-day Analysis
Like the Euro, the Swiss is suffering from the residual strength in the Dollar and that action is likely tocontinue through the US data window this morning.
JPY Mid-day Analysis
Talk in the press is that the Yen’s limited reaction to the most recent global financial anxiety event is a signthat its flight to safety standing is waning.
USD Mid-day Analysis
As expected the Dollar continues to benefit from the Fed decision to continue extraction of QE3. Sometraders will suggest that they are buying the Dollar because it appears that the Fed is set on