Forex Analysis
CHF Mid-day Analysis
Even with sluggish inflation and eroding safe-haven support providing headwinds, the Swiss Franc hasbeen able to post moderate gains early in today’s session.
JPY Mid-day Analysis
After making a new low for the move, the Yen bounced all the way back above the 100.00 level and wouldstill be on course for posting a hook reversal with a positive close later today.
USD Mid-day Analysis
While showing modest strength during Asian trading hours, the Dollar has fallen back on the defensiveand broke below the key 80.80 support level early this morning.
Central European Daily
EUR/CZK floor will remain in place for a long time While the zloty strengthened against the euro in a fourth consecutive session on Friday,
Morning FX Market Commentary
Dollar under (slight) pressure On Friday, the dollar lost some ground after some disappointing US eco data.
Still Bullish AUD/NZD (Just)
Our bullish AUD/NZD Blueprint call has come under pressure in the past threeweeks. In part this reflects Chinese developments that have weighed on someAustralian commodity prices.
The Global Macro Pulse
Overnight Price Action S&P 500 futures are down 0.1%. The Nikkei is essentially flat, but most other Asian equity markets are up,
FX Daily
Market movers today * Today there might be focus on the political situation in Italy after Silvio Berlusconi’s Freedom Party officially split during the weekend.
GBP/USD Analysis
The pair closed in NY Friday at $1.6118 after rate had seen a session high of $1.6136 (off earlier lows of $1.6048), pulling back to $1.6090 before nudging higher into the week close.
Divergent monetary policy between Norway and Sweden
We believe the Riksbank will cut rates by 25bp in December. The Riksbank’s three weeks’ old inflation forecast was 0.4pp off the mark and
EUR/USD Analysis
The pair also saw a subdued start in early Asian trading to start the new week after it marked a $1.3447 to $1.3506 US trading range on Friday and then opening at $1.3502 today.
AUD/USD Analysis
Aussie spent most of the session grinding higher after a range-bound morning session, after initially being one of the few currencies to not be weaker vs. the USD.