Forex Analysis
EUR Mid-day Analysis
Improving risk attitudes and a rare positive data point from France have provided little help to the Eurothis morning, as it has been scuttled once again by dovish ECB commentary.
CHF Mid-day Analysis
After taking out last Friday’s high and the previous monthly high by a minimal margin, the Swiss Franchas turned lower and has fallen back below its 50-day moving average this morning.
JPY Mid-day Analysis
This weekend’s Iran nuclear deal had its most direct impact on the Yen, as the continued erosion of safehavensupport has taken prices to their lowest levels since late May.
USD Mid-day Analysis
After finding initial pressure, the Dollar has been able to find its footing and is posting moderate gainsthis morning. For all of the ebb and
Consulting Dr. Copper
The AUD price action remains very heavy, consistent with the recent poor priceaction in key metals such as copper. However while by the middle of the pastweek copper prices had fallen to multi-month lows,
Morning FX Market Commentary
IFO triggers euro rebound On Friday, the euro gained across the board as the German IFO business confidence was reported well above consensus.
The Global Macro Pulse
The dollar has rallied across the board, led by USDJPY jumping to 101.75. AUDUSD has traded down to 0.9157 vs. the USD and 1.1148 vs. the NZD while EURUSD has nudged lower to 1.3544.
Divergent growth, inflation and monetary policy between Norway and Sweden
Statistics’ Sweden (SCB) investment survey and the National Institute for EconomicResearch’s (NIER) business and consumer confidence surveys did nothing to
GBP/USD Analysis
The pair closed in NY Friday at $1.6226, just about at session highs as rate continued to build on its recovery off Thursday lows of $1.6072.
EUR/USD Analysis
The pair saw a late boost last Friday as euro-yen took out the barrier at the Y137.00 level which saw the euro close on its highs but it then witnessed a relatively dull session this morning after it opened at
AUD/USD Analysis
Although risk instruments were in favor today, aussie lost ground as the US dollar also marked strong gains during the early Asian session.