Forex Analysis
JPY Mid-day Analysis
The Yen has seemingly finished its technical balancing/short covering action and has seemingly shiftedback into the down trend pattern once again.
USD Mid-day Analysis
In retrospect, the Dollar has managed somewhat impressive gains on rather suspect economic data. Infact, the Dollar managed to rise off a US retail sales result that showed a +0.2% gain relative to expectations of+0.1% gain.
Central European Daily
New lows for the Hungarian inflation in December, but no underlying disinflation process The Hungarian consumer price growth moderated from 0.9% Y/Y in November to 0.4% Y/Y in December as expected.
Reality Check
Somebody once described a consensus as something that ‘everyone agrees tosay collectively that no-one believes individually.’ Given the relatively high levelof market unanimity over FX trades this year (we are no exception),
The Global Macro Pulse
A bout of USD strength hit Asian trading. EURUSD dipped below 1.3630, and USDJPY rallied towards 104.4. USDCAD also broke to post 2008-2009 high of 1.0972, while AUD fell to 0.892.
FX Daily
In Germany the first GDP estimate for 2013 as a whole will be released and indirectly this should also give us the first estimate for GDP growth in Q4.
EUR/USD Analysis
The pair started at $1.3679 this morning following a $1.3657 to $1.3690 range in the US overnight. It was kept to a $1.3667 to $1.3680 range in the early part of the morning slipped further in the face of selling from $1.3690 to $1.3710,
AUD/USD Analysis
Aussie opened in Asia at $0.8967 this morning and briefly climbed to a $0.8971 high in early trades. Aussie-kiwi selling weighed on the aussie and extended the overnight low from $0.8956 to $0.8952 early this morning,
USD/JPY Analysis
JPY recovered from last night’s Y103.54 US session low and started in Asia at Y104.21 this morning. Early trade saw dollar-yen slip to Y104.09 low despite a positive start to the Japanese stock market session.
Central European Daily
New Czech premier opens debate about euro Inflation figures in focus for the rest of the week Volatility on the CEE markets is minimal at the beginning of this week.
CAD Mid-day Analysis
Despite the extreme washout in the Canadian in the first half of January and the fact thatrecent declines have added to a precipitous decline throughout 2013, there doesn’t seem to be that much impetusto bounce off the recent lows.
EUR Mid-day Analysis
Another higher high for the move in the Euro was probably the result of the better than expected Eurozone Industrial production result from November.