Forex Analysis
Central European Daily
Forint and zloty strengthened after positive US labor market data Czech industry maintained strong momentum in October While the Czech koruna more or less ignored Friday’s eye-catcher
Morning FX Market Commentary
Dollar shows mixed picture after strong payrolls On Friday, USD/JPY gained on a strong US payrolls report. At the same time,
US markets shout – we can handle a taper
The market response to the data was almost more interesting than thepayrolls data itself. Equities, Bonds, Gold, and currency market all sent avery consistent message to the Fed – ‘we can handle near-term tapering’.
FX Daily
Banking union is expected to top the agenda at today’s euro group finance minister meeting, where an agreement on a single resolution mechanism for failing banks remains the main stumbling block.
Scandi markets ahead: Inflation and government bond auction week
Swedish November inflation data are published on Thursday. We expect a slighttightening of the deviation from the Riksbank’s latest CPIF forecast from 0.4pp to 0.3pp.
GBP/USD Analysis
The pair closed Friday in NY at $1.6349 after rate had recovered off initial NFP react lows of $1.6294 to $1.6393, dipping back to $1.6318 before recovering into the close. Into early NZ trade Monday and rate popped up to $1.6353,
EUR/USD Analysis
The pair started the week at $1.3706 in Asia morning, early euro-yen cross buying pushed the pair to session high of $1.3721 before retreating to session low of $1.3701 and retrace to $1.3705 last.
USD/JPY Analysis
JPY dipped to session low of Y102.92 after starting the week at Y103.02 in Asia morning, dollar bulls brought it to session high of Y103.23 before Japan’s 3Q final GDP & trade data was released and
Markets Outlook – December MPS Decision Flawed
The New Zealand economy is going from strength to strength. The economic expansion is broadening and deepening. No longer is the recovery story all about the rebuild of Christchurch.
Weekly Forex and Interest Rate Outlook
NZD/USD remains resilient to US data surprises. Surprisingly, good US economic news is not pushing the US dollar higher.
Australian Markets Weekly – Fed ‘tapering’ is coming: Implications for Australia
Strong US payrolls numbers have increased speculation that the Fed might start ‘tapering’ its bond buying program as early as its 17-18 December meeting. Fed tapering will signify the ‘all clear’ for the US economy,
Weekly Commentary
A question of timing The Reserve Bank is going into this week’s interest rate decision armed with plenty of reason to reiterate the message that interest rates will rise next year.