Forex Analysis
EUR/USD Analysis
The pair was carried up to a $1.3548 high overnight in the US as rate cut expectations were pared back and aided by MNI’s ECB sources article supporting that view.
USD/JPY Analysis
JPY started in Asia at Y98.63 while euro-yen opened at Y133.31. Early dealings were subdued, with yen pairs mostly confined within overnight trading ranges ahead of some key events due later today and
AUD/USD Analysis
Aussie was a big mover this morning in the Asia-Pacific session, giving back practically all the gains made in the last 2 sessions, after this morning’s October labor force data.
EURUSD – expecting ‘ a wave-5 down to drift towards 1.3442 today
Monday our call was for a corrective bounce from a strong support zone…that correction has taken place via asideways, a-b-c range.
Norges Bank right now
No change in rate path Downside surprises: lower inflation, signs of weakness in domestic demand, lower rates abroad.
EUR Mid-day Analysis
Some badly-needed “good news” from this morning’s Service-Sector PMI readings and from GermanIndustrial Orders has helped the Euro regain upside momentum and
CHF Mid-day Analysis
After consolidating towards the middle of this week’s price range, the Swiss Franc is finding moderatesupport early in today’s trading.
JPY Mid-day Analysis
A bumpy overnight session has left the Yen back near unchanged levels coming into this morning’s trading,as calmer global risk concerns and
USD Mid-day Analysis
After finding strength at home from improved US data, it has been overseas pressure that has put theDollar back on the defensive coming into this morning’s trading.
Morning FX Market Commentary
Dollar hardly profits from strong ISM On Tuesday, EUR/USD traded with a slightly negative bias.
Not Over Until the Old Lady Sings
The recent run of strong UK data and accelerating house price inflation will bebrought into sharp focus this week by the Bank of England rate decision,
The Global Macro Pulse
Overnight Price Action The S&P 500 fell 0.3% overnight, but futures have rallied 0.5% in Asia.