Forex Analysis

Central European Daily

Hungary’s consumer prices rose by 0.9 % y/y in November Three Czech parties reached a coalition agreement Hungary’s November inflation did not surprise markets.

FX Daily

Market movers today * In Italy, Prime Minister Enrico Letta will present his new government’s programme ahead of a confidence vote in the Lower House and Senate.

Aussie saw a quiet morning in Asia today after it had marked a $0.9116 to $0.9168 range in the US last night. Early sellers pushed the aussie lower after the pair failed to clear $0.9168 resistance level overnight and

EUR/USD Analysis

The pair opened at $1.3761 this morning following another rangebound overnight session which saw the pair traverse a $1.3749 TO $1.3795 range in the US. Early market action saw euro-dollar encountering bids from

GBP/USD Analysis

The pair closed in NY Tuesday at $1.6446 after rate had consolidated its earlier rise to $1.6468 with trade through the rest of the day contained within a range of $1.6421-58.

USD/JPY Analysis

The pair witnessed a generally subdued morning today, with dollar-yen opening at Y102.78 while euro-yen started at Y141.53.

USDJPY is coming under some downward pressure today

USDJPY is coming under some downward pressure today after hitting a high of 103.40. This is not unusual as the daily relative strength index is testing 70 and is close to overbought territory after a strong rally in recent weeks.

EUR Mid-day Analysis

Although holding its ground in positive territory, the Euro has fallen back from its overnight highs as lastweek’s upside breakout may finally be running out of steam.

CHF Mid-day Analysis

While continuing to track the Euro, the Swiss Franc reached a new 2-year high before sliding backtowards unchanged levels this morning. Recent difficulties with the Dollar and Yen may have made the SwissFranc a safe-haven destination of choice,

JPY Mid-day Analysis

After reaching a new low for the move last night, the Yen has clawed its way back into positive territory topost moderate gains this morning. A failure of Japanese equities to climb up into new high ground,

USD Mid-day Analysis

A bumpy overnight session has provided little relief for the Dollar, which is still finding modest pressurecoming into this morning’s trading. Yesterday’s series of Fed speakers may have thrown out some pro-taperingrhetoric,

Central European Daily

Czech koruna continues in gradual weakening Czech foreign trade surplus grows to 33.6 bn CZK The Czech koruna has been gradually easing since the Czech National Bank intervened against the koruna and