Forex Analysis
USD Mid-day Analysis
The Dollar has come back into some favor as a slight normalizing of sentiment was seen overnight andthat in turn has allowed the markets to resume its factoring of the potential for another Fed taper.
CAD Mid-day Analysis
After a recent short covering rally, the Canadian looks poised to resume its downwardmarch on the charts. While the market might be proven wrong it would appear that traders are anticipating additional Fed action ahead and
GBP Mid-day Analysis
The Pound has started on a weaker track this morning despite stronger than expected 4th quarter GDPreadings released overnight. In fact, 2013 UK GDP was the strongest showing since 2007 and
Central European Daily
Stop of sudden EUR/HUF weakening The forint was under pressure whole January, but especially in the last days.
The Global Macro Pulse
Asian FX recovered from yesterday’s lows, led by a 0.5% rally in KRW to 1078. The PHP, MYR and SGD have all strengthened marginally by 0.1% to 0.2%.
FX Daily
Focus will be on emerging markets where one of the important battle lines so far has been Turkey’s attempt to stabilise its currency.
GBP/USD Analysis
The pair closed in NY Monday at $1.6579 after rate had recovered through the day from early Asian lows of $1.6471 to a NY session high of $1.6590 as market moved back into
EUR/USD Analysis
Another lackluster session for the euro, with euro-dollar gaining modestly in line with the improved risk appetite, though the overall trading range today remained fairly tight.
AUD/USD Analysis
Aussie recouped almost all of the losses marked in the last 2 sessions today, as risk appetite witnessed a comeback in the Asian session while the release of the NAB’s Australian business survey provided an additional boost.
USD/JPY Analysis
The pair opened at Y102.56 at the start of the Asian session today while euro-yen started the day at Y140.22. Dollar-yen witnessed a slight pullback to a Y102.48 low before it then took its cue from
Weekly Commentary
The recent run of strong economic data has solidified thecase for higher interest rates this year; now it’s the tacticalconsiderations around how to kick off that process thatare coming to the fore.
USDJPY – successfully holds 102.21/101.77 support zone (so far)
The bearish trend change and rounded top in Yen have raised concern regarding our call for another marginal high in prices. Still the longer-term wave count implies an incomplete rally and