Forex Analysis
Central European Daily
CNB’s governor Singer is not afraid koruna’s strengthening after exiting from the current regime No more foreign currency issuance from the Polish MinFin this year
FX Viewpoint – EURSEK Skew
An instrument that captures the safehaven feature of SEK seen over the last years is volatility skew. Interesting right now is that the risk reversal is half way back to where we traded during the “SEK is a safehaven”-era.
FX At a Glance
EUR/USD: Resistance at 1.37 continues to cap price suggesting downside risks to the daily cloud base and a support zone near 1.3525/50. Bigger picture, a break below this zone would likely confirm a move to 1.33/34.
The Global Macro Pulse
FX has been largely rangebound in Asia. EURUSD, USDJPY, and AUDUSDare at 1.3614, 104.32, and 0.8814, all barely changed from their end-US tradinglevels.
FX Daily
US housing starts and building permits should give us a better idea of a possible bad weather impact in December as suggested by the disappointing labour market report for December.
GBP/USD Analysis
The pair closed in NY Thursday at $1.6353 after rate had managed to recover off a session low of $1.6322 to $1.6464 before drifting off into the close.
EUR/USD Analysis
It was another quiet session for the euro in the Asia-Pacific timezone this morning, after the pair had traded a $1.3583 to $1.3650 range last night, spikes higher following the US CPI data and
AUD/USD Analysis
Aussie witnessed a strong recovery off last night’s $0.8777 low, traded in the wake of a disappointing December Australian employment report out on Thursday.
USD/JPY Analysis
The pair opened at Y104.32 this morning after finding support ahead of Y104.09 low from Wednesday. It marked an early low of Y104.19 amid a lower start to Japanese stocks earlier and
Morning Report
The markets are rather quiet in consolidative mode ahead of the weekend. DOW’s rebound lost momentum well ahead of the 16588.25 historical high and closed down -64.93 pts at 16417.01.
US Economic Update – January 2014
Recent partial indicators of economic activity for the United States have generally been positive with solid, if not strong, readings for total consumption, business investment, and exports.
NZD/USD – NZ’s Good News Now Well-Priced
Our core view sees the NZD/USD well supported through the first half of the year. Broadly, we see the current 0.8100-0.8400 trading range sustaining over this period.