Forex Analysis
Central European Daily
NBP sees stable rates at least until the end of 2014H1 First hike might come at the turn of 2014Q3 and 2014Q4 The impact of GDP revisions in Hungary and the Czech Republic on trading was eventually negligible;
Morning FX Market Commentary
Euro holding strong ahead of the ECB meeting On Wednesday, the dollar hardly profited from a strong labour ADP labour market report.
Building the USD Bull Case for 2014
There are two building blocks to our ongoing bullish USD call for 2014. First, US monetary policy and associated fixed income inflows.
The Global Macro Pulse
AUDUSD has edged slightly higher, to 0.9045, after falling sharply in New York. In contrast, EURUSD is flat at 1.3585 and the yen has held some of its overnight gains to trade at 102.31 vs. the USD.
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6385 after rate had recovered off a NY session low of $1.6328 (seen on react to stronger than forecast ADP data) to
EUR/USD Analysis
Another quiet session today in Asia as the pair market waited for tonight’s ECB meeting. The ECB is expected to keep a steady hand on policy as it faces increasingly difficult choices and
AUD/USD Analysis
It was another choppy session for the Aussie after it witnessed another relatively sharp retreat on the back of soft economic data out earlier.
USD/JPY Analysis
JPY ran into early demand after it started the session around Y102.27 against the dollar and at Y138.95 vs the euro this morning.
FX Month in Review – November
* The JPY was the weakest currency monitored in the November Month in Review, declining 4.2% on a TWI basis.
EURUSD – bear flag below old trendline awaiting confirmation
The sell-off from 1.3622 is not yet definitive and Euro is still stuck in neutral awaiting a clearer signal. On the bearish side, prices are still testing the underside of the broken July channel.
EUR Mid-day Analysis
Mixed results from the region’s economic data continues to thwart the Euro’s ability to revive its recentuptrend, as the market is still well below last Wednesday’s high for the