Forex Analysis
Measured progress – NZ Employment Confidence Index, Q4 2013
Households’ perceptions of the labour market improved in the December quarter, although the availability of jobs remains well below par. Expectations of future earnings growth have further subsided,
Weekly Commentary
The evidence continues to pile up that the economy is nowsteaming ahead – and signs are emerging that that’s startingto eat into spare capacity.
Australian Markets Weekly – Little inflation risk on the horizon
The Q4 CPI on Wednesday is expected to again show modest price pressures, with the underlying rate forecast to rise 0.6% (2.3%yoy) and the headline rate 0.5% (2.4%yoy).
FX: surprise me not
With US data/speak front quiet, only EMU data can surprise this week – where to? Commodity currencies still under pressure, Chinese data, especially PMI on Thursday, is key…
Weekly CFTC Trader Positioning Data
• Shifting investor sentiment away from the European currencies is the key theme this week, as the CHF position has shifted to net short—typically a bearish signal—alongside a continued modera-tion in
EUR Mid-day Analysis
In addition to a slightly positive start in the Dollar, the Euro is seeing some fresh fundamental pressurefrom rising concerns toward bad loans in Spain and signs that the French economy is destined to
CAD Mid-day Analysis
The Canadian just can’t seem to catch a break as residual concerns toward Chineseactivity, generally positive US data and ideas that the US Dollar is undervalued leaves the Canadian Dollar vulnerable to
GBP Mid-day Analysis
The Pound was saved by some sterling retail sales results overnight. With the December retail salesreadings rising by 2.6% and those figures posting the biggest annual rise since 2004,
CHF Mid-day Analysis
After the recovery in the Swiss this week and given that 1.1077 might be fairly solid technical resistance,the path of least resistance in the Swiss looks to be down.
JPY Mid-day Analysis
A pattern of lower highs remains in place in the Yen. While the Yen was provided some lift overnight off anupward revision in Japanese economic forecasts,
USD Mid-day Analysis
The Dollar is generally in favor this morning as US data this week has been less discouraging thandata seen elsewhere. The Dollar might have seen some support off news that liquidity issues have remained inplace in