Forex Analysis
Australian Markets Weekly – RBA expects gradual pickup, although lot of risks
The RBA’s latest forecasts predict only a gradual upturn in growth with unemployment rising out until the middle of 2015.
Weekly Commentary
Last week’s labour data provided further confirmation thatthe economy grew strongly in the September quarter, butalso suggested that wage pressures are a way off yet.
FX Viewpoint: USD bulls awake
“I think I will abstain from judging the markets. This is one of the hardest things to do and it is usually quite useless because they do what they want, no matter what.”
Weekly Economic & Financial Commentary
U.S. Review: What Government Shutdown? · Nonfarm payrolls surprised to the upside as the federal government shutdown did little to deter private-sector employers from hiring more workers.
USDJPY – support at 97.50/36 can complete wave-(2) correction
Our view is that weak longs were flushed out after yesterday’s break of 99.01. We raised the concern aboutchannel resistance from July and
EURUSD – just testing old 1.3442/49 lows at 61.8% retrace
The old polarity zone at 1.3420/50 that was broken yesterday is now new resistance and is already being testedthis morning.
EUR down as a result of ECB decision-making
The euro extended its correction this week, setting a low of 1.33 against the US dollar, before recovering above 1.34 following Thursday’s surprise interest rate cut by the European Central Bank (ECB).
EUR Mid-day Analysis
In spite of yesterday’s huge intra-day bounce, the Euro has seen little upside-follow this morning and maybe waiting on today’s US jobs data for a fresh boost of support.
CHF Mid-day Analysis
Mixed results with today’s Swiss economic data have helped to keep the Swiss Franc in a fairly tighttrading range this morning, as it may need the assistance of weak US jobs data to
JPY Mid-day Analysis
While yesterday’s chaotic trading session provided the Yen with a monthly high and low in less than 6hours, it may be the swift reversal of the downside breakout below the
USD Mid-day Analysis
After Thursday’s roller-coaster ride of a session, the Dollar is finding modest support this morning andremains far below yesterday’s spike high as the market prepares for
French public debt rising to more than 100% of GDP? A scenario analysis
Markets may shrug off the downgrade of France by S&P for now as they have become accustomed to worse than small downgrades from AA+ to AA.