Forex Analysis
Central European Daily
Currency Wars – the Czech Episode After a year of discussions, the Czech National Bank has finally decided to join ongoing currency wars.
Morning FX Market Commentary
Euro plunges after ECB rate cut The surprise ECB rate cut and to a much lesser extent the stronger US GDP report pushed EUR/USD 200 pips lower to about 1.33,
The Global Macro Pulse
Overnight Price Action After the 1.3% fall in the S&P 500 overnight, futures are up 0.2% and the US 10yr yield is flat in Asian trading.
US viewpoint: Q3 GDP report points to gradually growing underlying strength
Yesterday’s Q3 GDP report was not strong and certainly not as positive as the headline number indicated, but it still added to the picture of a gradually growing underlying strength in the broader economy.
GBP/USD Analysis
The pair closed in NY Thursday at $1.6096 after recovering off a session low of $1.6010 to $1.6103, with rate easing off to $1.6073 before recovering into the close.
EUR/USD Analysis
After a torrid overnight session which saw the euro fall to a $1.3296 low and then recovering back to $1.3450 in the wake of the ECB’s surprise rate cut,
AUD/USD Analysis
Aussie was whipped around by data releases today, before ending the Asian morning trading almost flat from the US close overnight.
USD/JPY Analysis
JPY traded in narrow ranges through the Asian morning today with dollar-yen securing a toehold above Y98.00 despite the overnight drop to Y97.60 low.
RBA Statement on Monetary Policy – November 2013
The RBA cut rates by 0.25% to 2½% on 6th August and has maintained an easing bias since then. The growth and inflationforecast updates provided in today’s release
Protein Power: China’s Rebalancing, New Zealand, and the NZD
In this note we take a quick look at what the Chinese economic rebalancing could mean for NZ and the NZ dollar.
UBS: RBA Sees Lower Growth Pace In 2014
The Reserve Bank of Australia anticipates slower growth pace and rising unemployment in 2014, where the bank sees current drop in resource investments and