Forex Analysis
FX Daily
Euro PMI services are due for publication. The first release of the Spanish and Italian figures is expected to confirm the stronger growth in the periphery countries.
GBP/USD Analysis
The pair closed in NY Friday at $1.6418 after rate had been pressed lower through the day to lows of $1.6495, recovered to $1.6444 before drifting off into the end of the week.
EUR/USD Analysis
The pair marked a $1.3582 to $1.3659 range in the US on Friday, before starting out this week at $1.3590. A choppy start to the session saw euro-dollar initially hold above the opening mark, but capped also at $1.3600.
AUD/USD Analysis
Aussie started the new week at $0.8950 and followed up with a slow climb to $0.8982 high in the early hours of the session today. But aussie-dollar turned back after Asian markets got underway and regional accounts,
USD/JPY Analysis
The pair opened at Y104.83 and followed the Nikkei 225 lower after trading an initial Y104.96 high. Euro-yen also headed lower after opening at Y142.48, dropping to Y142.20 after Japanese stocks started their day.
Forex Weekly Report
Despite the strong recovery in the UK economy, we note that very littlehas been reflected in the EUR/GBP cross. This has led to a strongoutperformance of German government bonds when compared to
EUR Mid-day Analysis
The March Euro held support at 1.3625, and it has managed to temporarily bounce off of 50-day movingaverage, which comes in down at 1.3626 today. In-line PMI numbers provided little in the way of fresh supportyesterday and
CHF Mid-day Analysis
The Swiss saw a strong KOF indicator today and even that news failed to sustain higher action in theMarch Swiss relative to the prior session’s closing level.
JPY Mid-day Analysis
With a key reversal off of new low for move yesterday and further upside action again overnight, the bearcamp in the Yen is kept off balance into the last trading session of the week.
USD Mid-day Analysis
The high in the Dollar on Thursday was made before US data was released and therefore generally inlineeconomic results created little upside follow-through in the Greenback.
FX Daily
Market movers today * Euro area money supply data covering November are due for publication.