Forex Analysis
AUD/USD Analysis
Aussie had a stronger day against most of the majors (the NZD being the exception, where it was close to flat), trading in a $0.8885 to $0.8926 range vs. the USD.
EUR Mid-day Analysis
With few fresh developments from a region already in pre-holiday mode, the Euro is seeing significantlong liquidation pressure early in today’s trading. Near-term ECB rate cuts appear to be off the table for now and
CHF Mid-day Analysis
Relative calm in global markets at the end of 2013 has helped to drain the Swiss Franc’s safe-havensupport, and is helping to fuel long liquidation early in today’s trading.
JPY Mid-day Analysis
Monday’s reversal from multi-year lows has produced some modest follow-through strength, but the Yen isshowing little inclination for making a strong rebound to finish out 2013 this morning.
USD Mid-day Analysis
While finding its footing after two sessions of chaotic trading, the Dollar still has its work cut out for it tofinish out 2013 with a definitively positive tone. The start of Fed tapering has meant that the market will have littletolerance for
GBP/USD Analysis
The pair closed in NY Monday at $1.6510 after rate had eased away from session highs of $1.6532 to $1.6490. Rate eased in opening Asian trade with early trade contained within a $1.6485/00 range before
EUR Mid-day Analysis
Friday’s collapse from multi-year highs may have rattled sentiment going into this week’s trading, but theEuro is clearly finding benefit from positive developments over the weekend.
CHF Mid-day Analysis
Although the market avoided a key reversal on Friday and is finding modest strength early this week,there is a stronger sense that last Friday’s high may be the “high water mark” for the Swiss Franc going forward.
JPY Mid-day Analysis
There has been little relief for the Yen early this week as the market drove further into new low groundbefore making a minor bounce this morning. The Japanese Nikkei remains on-course for its best annualperformance in over 4 decades,
USD Mid-day Analysis
While finding moderate early pressure this morning, the Dollar looks to have gotten past last Friday’senormous whipsaw price action without too much lasting chart damage.
GBP/USD Analysis
The pair closed in NY Friday at $1.6483 after rate had pulled back from an earlier high of $1.6577 to $1.6459 in thin flow driven trade. Rate squeezed back to $1.6468 in early Asian dealing,
EUR/USD Analysis
The pair traded a high of $1.3846 in early US trading action on Friday but followed up with a decline to lows of $1.3731 before it closed near $1.3750.