Forex Analysis
EUR Mid-day Analysis
Euro zone PMI data has provided the Euro with a distinct lift and with a climb back above the 50 daymoving average in the March Euro this morning it is possible that a measure of technical stop loss buying will beseen in the Euro today.
CHF Mid-day Analysis
The Davos conference is probably helping to lift the Swiss but favorable Euro zone PMI figures, positiveUK data, generally positive sentiment toward the German economy has shifted favor back in favor of the bullcamp.
JPY Mid-day Analysis
A reversal in the Dollar, slack Chinese data and a heavy flow of US data leaves the Yen in a precariousposition today. Ongoing tensions between China and Japan might have an adverse impact on the Yen,
USD Mid-day Analysis
Just when it appeared that the Dollar had the macro economic edge to rise to a fresh high for themove, data from Europe, up beat talk from the World economic forum and
CAD Mid-day Analysis
The punishment continues as the BOC is considering a rate cut and the Canadianeconomy continues to suffer negative energy export related problems.
GBP Mid-day Analysis
With positive UK data flowing recently and the Dollar reversing course the path of least resistance in thePound remains up. One might have expected comments from the BOE to have held back the Pound,
Central European Daily
Monetary easing to be continued in Hungary The National Bank of Hungary moderated base rate by 15bp from 3% to 2.85% on Tuesday.
Currency analysis EURUSD
The EUR/USD exchange rate is currently subject to opposing forces. On the one hand, liquidity and improvement with respect to the debt crisis continue to support the euro.
The Global Macro Pulse
AUD and CAD led selloff in G10 against the USD, the former has weakened to 0.879, back essentially to yesterday level pre the CPI release while the latter dropped to 1.1148.
FX Daily
The main release will be euro PMI in January. Manufacturing PMI is likely to move broadly sideways after having been on an upward trend since April 2013.
EUR/USD Analysis
The pair started in Asia $1.3547 after a $1.3539 to $1.3584 range in the US last night. Early interest carried the pair higher but euro-yen losses following the China flash PMI data stifled the move and
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6575 after rate had spiked to intraday highs of $1.6588 following the release of strong UK employment data, the result of which had analysts bringing in their forecasts for a UK rate hike.