Forex Analysis
USDJPY: In it for the short-term
Short-term capital flows have become a key driver of currency trends in the era of unprecedented global liquidity since the Crisis.
The Global Macro Pulse
Overnight Price Action The S&P 500 faded in late New York, trading to fall 0.4% on the day, but futures are up slightly in Asia.
Morning FX Market Commentary
Dollar remains in the defensive, but no important levels are broken On Monday, the dollar was under some moderate pressure in a session devoid of high profile news.
FX Daily
Market movers today * Financial markets will again be looking for clues about timing of tapering and possible strengthening when Fed chairman Ben Bernanke speaks late tonight.
GBP/USD Analysis
The pair closed in NY Monday at $1.6109 after rate had pulled back from an intraday high of $1.6149 (met strong corp sell interest toward $1.6150),
EUR/USD Analysis
The pair stalled ahead of the $1.3548 Nov 6 high last night during NY trading and selling against euro-yen yen cross also weighed on the pair.
AUD/USD Analysis
Comments during the US session from Carl Ichan, weighed on risk appetites and equities into the NY close with yen crosses suffering as a result.
USD/JPY Analysis
Late in the NY session comments by notable US investor Carl Ichan, (the majority shareholder of Ichan Enterprises and number 18 on the Forbes 400 list),
RBA Board Minutes – November 2013
* The RBA still retain a mild easing bias. Sub-trend growth looks likely, even though confidence measures are lifting.
The JPY under pressure in the short-term
The euro resumed its ascent against all G10 currencies last week, one week after the interest rate cut by the European Central Bank (ECB) and in addition to the EUR/USD returning to 1.346.
USDJPY – 99.80 critical support as prices target 101/101.75
We are still awaiting a break above 100.61 to register the first significant higher high since last May. Based on the recent triangle breakout and
EUR Mid-day Analysis
In spite of some recent sluggish economic data from the region, the Euro has been able to follow up onlast Friday’s recovery with moderate gains and