Forex Analysis
EUR/USD Analysis
The pair started the week at $1.3741 in Asia morning, lower from last week’s openings and marked a range of $1.3727 to $1.3761 so far. The pair slipped to session low in early Sydney session before rebounding back to
Scandi markets ahead: Riksbank rate cut this week
We expect the Riksbank is likely to cut the repo rate this week. We would also not besurprised to see something more/else, with the most likely course of action being adownside premium in addition to the cut.
GBP/USD Analysis
The pair closed in NY Friday at $1.6295, the rate recovered off pullback lows of $1.6262 after earlier printing an Asian session high of $1.6360. Euro-sterling closed at stg0.8430, towards the upper-end of a narrow stg0.8408-40 trading range.
USD/JPY Analysis
The pair started the week at Y103.28 in Asia morning while euro-yen opened at Y141.76, knee-jerk reaction after Tankan survey nudged both pairs higher to touch session high of Y103.30 & Y141.92 respectively before
Markets Outlook – Busy, Busy Busy
It’s a huge final working week of the year for New Zealand economic data, as usual. We believe it will show the economy is busy, and will get even busier next year.
Australian Markets Weekly – 2014 outlook: exports stronger; local activity weak
Australia’s economy is expected to gradually accelerate during the course of 2014, reaching a growth rate of about trend by the end of the year. This outlook will not create enough jobs to stop unemployment rising up through 6% and
Weekly Commentary
The economy has accelerated markedly as we anticipated. It has built up a head ofsteam as cranes have replaced broken buildings on the Canterbury skyline, house priceshave accelerated into uncharted territory and
FX Viewpoint: taper the taper. Now.
Expectations for “taper” this week have increased…beware. USD weakness to resume. SEK could get some support on surprise “no cut”, but…
Weekly CFTC Trader Positioning Data
Sentiment appears to be building over the domestic stories ra-ther than a broader USD move driven by talk of tapering. The data highlight this well with notably mixed positioning against the USD, as CAD, AUD and
Weekly Forex Report
Short-term movement may be dictated by EUR/CHF The expectation of Fed tapering has led many to believe that yields in the US have likely seen their lows with the T-Note having posted a bottom at 1.379% (25/07/2012).
USDJPY – bearish shooting star forming at key 103.74 level
JPY is still holding the bullish up channel from the Oct 30 high but the test of the May high is forming a bearish shooting star candle in early NY trading and this is something to watch as the day progresses.