Forex Analysis
CHF Mid-day Analysis
Lukewarm global risk appetites have helped the Swiss Franc consolidate yesterday’s recovery as themarket is closing in on yesterday’s 1-month high now that the major European data points are out of the way.
JPY Mid-day Analysis
Although it is only finding moderate pressure this morning, the Yen’s key reversal from Tuesday’s lowappears to have run out of steam as it fell just short of retesting last Friday’s 98.11 high before
USD Mid-day Analysis
While finding its footing during an overnight session dominated by overseas data, the Dollar has madelittle headway with recovering from Tuesday’s sharp reversal early in this morning’s trading.
Australia Viewpoint: Broad-based weakness after the boom – NEW AUD forecast
The Q3 GDP report emphasises that the domestic economy remains weak ahead of a sharp decline in mining investment.
Central European Daily
The koruna hits the lowest level since March 2009 Czech and Hungarian final GDP data surprise positively Yesterday, the Czech koruna extended its losses and eased to the weakest values since March 2009.
Morning FX Market Commentary
EUR/USD holding strong despite risk-off correction On Tuesday, European equities fell prey to profit taking.
The World’s most bi-polar currency – Patterns in FX rankings since 1973
Assuming current 2013 rankings stick, the yen will have been either thestrongest or weakest G10 currency in each of the last 6 years!
FX Daily
Market movers today * Euro retail sales are expected to have moved sideways due to a weak German figure but there is an upside risk owing to an improvement in consumer confidence.
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6386 after rate had eased off an intraday high of $1.6437. Cable had recovered earlier in the day, extending its correction off Monday lows of $1.6343,
EUR/USD Analysis
Another subdued session for the euro-zone currency this morning in Asia, ahead of Thursday’s ECB meeting. Euro-dollar opened at $1.3588, after a $1.3570 to $1.3614 overnight US range.
AUD/USD Analysis
The pair opened at $0.9137 after an overnight low of $0.9108 in the US. Early trades saw the pair hold within the $0.9050 to $0.9180 recent range,
USD/JPY Analysis
JPY opened at Y102.51 against the dollar while euro-yen opened at Y139.30, after a choppy overnight session which saw the yen reverse some of its recent losses.