Forex Analysis
CHF Mid-day Analysis
A distinct downside extension on the charts leaves the Swiss in a well defined down draft. A decline tothe lowest level since mid November makes the SNB very happy and
JPY Mid-day Analysis
The March Yen saw an initial attempt to rally but was unable to sustain that rally and that leaves the bearcamp with a technical edge.
USD Mid-day Analysis
Ongoing strength in the Dollar is expected to continue as the international macro economic bar is verylow especially with a German ZEW economic expectations softened overnight.
CAD Mid-day Analysis
A steep washout down overnight rekindles fears and bearishness toward the CanadianDollar. The next logical downside target is seen at 90.00 off the monthly charts.
GBP Mid-day Analysis
The Pound isn’t showing as much strength as one might expect in the wake of January UK CBIIndustrial output figures, perhaps because other components within that report were suspect.
Central European Daily
Hungarian forint weakens ahead of NBH meeting We expect NBH to slow down the pace of rate cut cycle
If the BoJ takes no additional easing
Market crossroads would be the yen to depreciate when BoJ does not easefurther, strengthen when it does.The BoJ is holding a Monetary Policy Meeting on 21-22nd January.
The Global Macro Pulse
The USD strengthened in Asian open against JPY and EUR. USDJPY has climbed to 104.64 while EURUSD fell slightly to 1.354. AUD and NZD were both more resilient on the day,
FX Daily
German ZEW is expected to have risen further in January to 64.0 from 62.0 in December. This would mark the highest level since 2006.
GBP/USD Analysis
The pair closed Monday’s US holiday thinned session at $1.6430 after recovery efforts during the day, from early Asian lows of $1.6396, had faltered around $1.6452.
EUR/USD Analysis
The pair spent another lackluster session keeping to a fairly narrow range in the Asia-Pacific timezone following last night’s US holiday.
AUD/USD Analysis
Aussie received a boost yesterday to a $0.8821 high following a buoyant China Q4 GDP reading. This morning, aussie-dollar continued to rise, beating Monday’s high to trade $0.8838 but