Forex Analysis
GBP/USD Analysis
The apir closed in NY Friday at $1.6482, just off intraday lows of $1.6478, after rate had been pressed back from earlier highs of $1.6667 with the move aided by comments from
AUD/USD Analysis
A relatively dull session for the Aussie this morning as markets in Australia were closed for a holiday, in lieu of Sunday’s Australia Day.
USD/JPY Analysis
The pair saw a brief spike higher at the open as dollar-yen and yen crosses gapped lower following on from Friday’s sharp losses, which saw dollar-yen slide to a Y102.09 low while euro-yen fell to Y139.76.
Markets Outlook – Erring to a March Hike
Thursday’s RBNZ OCR Review is “live” for a rate hike. The economic rationale for it is overwhelming, in our view.
Performance of Services Index (PSI) – Cheers to 2013
2013 represented a solid story of growth for New Zealand’s services sector, according to the BNZ – BusinessNZ Performance of Services Index (PSI).
FX: safe haven, anyone?
The “risky” currencies can no longer blame the “taper”, as the “safe haven” currencies struggle to be less safe…Inflation focus this week.
Weekly Economic & Financial Commentary
The Recovery Remains in the New Year · An uptick in the Leading Economic Index points to slightly stronger future growth,
Weekly Forex Report
Despite long-term range, an upside trading opportunity is eyed We question if the near 30% appreciation of the Chinese Yuan versus the US Dollar since 2005 might partially reverse over the course of the year.
USDJPY – 102.21/101.77 support zone is critical to wave-(4) outlook
There is a rounded top in JPY and trends have turned down but this area just above 102 represents a critical support area and could mark the completion of wave-(4) ahead of one more push to marginal new highs.
EUR Mid-day Analysis
Another higher high for the move and the highest trade since December 31st leaves the bull camp incontrol of the Euro. The market is close to filling a gap left in December and it might be difficult to
CHF Mid-day Analysis
Like the Yen, the Swiss has won by default and because of renewed emerging market concerns.Surprisingly the Swiss and Yen have received safe haven windfalls over the Dollar,
JPY Mid-day Analysis
The Yen was saved by a temporary shift in focus away from the patently deflationary spiral inside Japan tosuspicion toward the US debt ceiling issue.