Forex Analysis
FX Viewpoint: inflation focus
Whatever it takes. And it does take very little from ECB to keep the EUR strengthening: just a do nothing with Draghi’s philosophical “if the time ever comes” for the new measures.
EURJPY achieves the 141.00 triangle objective
On Monday we highlighted EURJPY’s break above the 2009 high around 139.20 and how it opened the door to a further advance over the coming days.
Weekly Economic & Financial Commentary
U.S. Review Is Tapering on the Fed’s Gift List? * November employment numbers were stronger than expected and the unemployment rate slid to a level once consistent with the end of quantitative easing.
Weekly Forex Report
Nonfarm payrolls leave the door open for a taper in December In the US, upward revisions for the third quarter growth and inflation slightly added to the recent improving economic outlook.
EUR Mid-day Analysis
With the ECB meeting in its rear-view mirror, the Euro has held onto a large portion of Thursday’s upsidebreakout heading into this morning’s trading.
CHF Mid-day Analysis
The first positive year-on-year reading for Swiss inflation in over two years has provided little in the wayof follow-through support to the Swiss Franc as it continues to
JPY Mid-day Analysis
The 98.00 level is proving to be a difficult level for the Yen to crack, as it has already found itself on thedefensive even before the US jobs data has been released this morning.
USD Mid-day Analysis
While finding modest support and staying clear of yesterday’s spike low, the Dollar has plenty of workto do in order to recover from Thursday’s downside breakout,
Central European Daily
Recovery in the Hungarian industry accelerates The CNB forex reserves jumped by EUR 6bn The first interesting regional macro report has come from Hungary this morning The industrial output rose by 6% YoY
Morning FX Market Commentary
EUR/USD jumps above 1.36 On Thursday, the dollar failed to profit from strong US eco data.
The Global Macro Pulse
After weakening overnight, the dollar has traded flat against the majors in Asia. AUDUSD is at 0.9062, EURUSD is at 1.3668, and USDJPY is at 101.83.
FX Daily
Market movers today * Main focus will be the US labour market report, which will be crucial for timing of Fed tapering.