Forex Analysis
The Global Macro Pulse
EURUSD has rallied to 1.3594, but AUDUSD is flat at 0.9125 and USDJPY is marginally higher at 101.45. EM Asia FX is mixed with the high yielders rallying.
FX Daily
Market movers today * US durable goods orders will give info on whether US investment spending will pick up soon.
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6213 after rate had taken advantage of dollar weakness, prompted by weak US consumer confidence data and end of month dollar sale flows,
EUR/USD Analysis
The pair started this morning’s session at $1.3572 after it had marked a $1.3520 to $1.3575 US range overnight. Early market action was subdued with the pair slipping marginally to
AUD/USD Analysis
Aussie saw a quiet start to the Asian morning today after it opened at $0.9127 and then eased to $0.9112 after Japanese stocks opened.
USD/JPY Analysis
JPY started in Asia with minor gains after dollar-yen again failed to make any kind of meaningful attempt at breaking through Y102.00 where option-related offers are believed to have built up.
AUDNZD – bearish consolidation break at 1.12 targets 1.09/07
The range that started in mid-July proved to be a consolidation within an ongoing downtrend. The recent break of critical 1.12 support has come with no sign of momentum divergence and
EUR Mid-day Analysis
While it still has to overcome mixed commentary from ECB officials, the Euro appears to have found itsfooting and is posting moderate gains this morning.
CHF Mid-day Analysis
While staying well inside of Monday’s trading range, the Swiss Franc has found carryover support fromthe Euro zone to climb moderately higher this morning.
JPY Mid-day Analysis
It appears that the Yen has finally been able to apply some near-term brakes to this current downdraft, evenas overseas flight-to-safety support continues to dissipate.
USD Mid-day Analysis
Without the benefit of overseas developments to provide a source of strength, the Dollar has founditself back on the defensive this morning as the market made an early retest of
Central European Daily
The CNB sold 200bn Czech korunas in its interventions The NBH to cut rates to new historical lows The Czech National Bank has sold 200 bn CZK in its intervention and thus increased its FX reserves by more than 20% (to EUR 41bn) in two weeks.