Forex Analysis
JPY Mid-day Analysis
The Yen showed some noted range down weakness overnight but then rejected that pulse lower. Perhapsthe Yen was lifted by a series of potentially positive Chinese news items.
USD Mid-day Analysis
With a fresh new high for the move in the Dollar overnight it is clear that the Greenback has regainedthe macro economic and interest rate differential edge.
Central European Daily
NBP to keep rates on hold Hungarian industrial output rose by 5.8 % y/y While the Czech koruna strengthened slightly yesterday to 24.45 EUR/CZK,
FX Daily
In the euro area we expect retail sales to increase 0.6% m/m in November helped by German retail sales. This is also suggested by survey indicators, which point to higher euro GDP growth in Q4 compared to Q3.
ECB preview: Still pressure from low inflation
Euro inflation has declined again and core inflation is at an all-time low. This addspressure on the ECB to ease further, but we expect it to refrain from cutting rates atthe meeting in January, even though it is likely to discuss a deposit cut.
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6403 after rate recovered from a NY session low of $1.6374 to $1.6438 before it drifted off into the close.
EUR/USD Analysis
The pair traded a $1.3596 to $1.3651 range in the US last night, starting in Asia at $1.3616 this morning and then following that up in a narrow $1.3610/20 range through the early hours.
AUD/USD Analysis
A rather calm morning for the Aussie this morning during the Asia-Pacific timezone, with aussie-dollar holding within a $0.8902 to $0.8938 range today.
USD/JPY Analysis
A minor down day for the JPY this morning, with both dollar-yen and euro-yen gaining through the Asian session, supported by better risk appetite on the back of better stock market performance.
EUR Mid-day Analysis
As suggested already, the Euro has seen a mixed bag of economic news flow overnight, with supportiveGerman employment news offset by a contraction in Euro zone PPI figures.
CHF Mid-day Analysis
The path of least resistance is pointing downward in the Swiss, as a lower low for the move and thelowest price since December 3rd leaves the bear camp with a technical edge.
JPY Mid-day Analysis
The Yen was unable to climb above the prior session’s high overnight and it spent most of the earlyTuesday trade in lower ground. Slack Chinese economic views and fears of the upcoming tax would seem to