Forex Analysis

GBP/USD Analysis

The pair closed in NY Tuesday at $1.6116 after rate had recovered off intraday lows of $1.6060 to $1.6133 before easing to $1.6108, recovering to $1.6129 then drifting off into the close.

EUR/USD Analysis

The pair was a big mover following Bernanke’s remarks earlier today as it jumped from the open of $1.3538 and broke above last night’s $1.3548 high to reach $1.3579, its best level since Nov. 1.

AUD/USD Analysis

Aussie got an early boost from Bernanke’s remarks this morning after it opened at $0.9434 this morning. Aussie-dollar rose to an early high of $0.9448 as the dollar wilted on

USD/JPY Analysis

JPY opened at Y100.14 this morning in Asia while euro-yen opened at Y135.57. Dollar-yen ran into some early weakness on comments from Fed chairman Ben Bernanke,

Asian Currencies Technicals

The $0.9360 level confirmed its significance with the AUD/USD bouncing from this level to take out $0.9424.

FX Viewpoint: Central Bank of Turkey remains on hold with hints of more tightening

As universally expected, the Central Bank of Turkey continued to refrain from hiking at today’s monetary meeting, despite surging inflation expectations.

EUR Mid-day Analysis

After climbing past yesterday high by a single tick, the Euro has slumped back towards unchanged levelsearly this morning. While the German ZEW survey reached its highest level in over 4 years,

A bumpy overnight session has left the Swiss Franc near unchanged levels, but the failure to take outyesterday’s high and climb above the 50-day moving average may not bode well for its near-term prospects.

JPY Mid-day Analysis

While extending this week’s rebound further above the 100.00 level, the Yen has fallen well below itsovernight highs coming into this morning’s trading.

USD Mid-day Analysis

Although the market was able to bounce back from a retest of Monday’s low, the Dollar is stillstruggling to climb far into positive territory early this morning.

Riksbank weakens SEK

Last week we published our latest edition of SEK Views, in which we raised our December EUR/SEK forecast to 9.05, mainly because we now expect the Riksbank to lower interest rates.

Central European Daily

Improved risk sentiment helps the forint and the zloty Hungary USD bond issuance attracts heavy demand While the Czech koruna stays stable (and will for a longer time period) around the EUR/CZK 27.0 level,