Forex Analysis
GBP/USD Analysis
The pair closed in NY Monday at $1.5968 after rate had recovered through the day off earlier Asian lows of $1.5904 to $1.5980 before easing off into the close.
Macro viewpoint: timing and tools are uncertain, but more ECB easing is likely
We now expect a 25 bp refi rate cut in December We expect a clearly dovish tone at this week’s meeting Liquidity will remain ample
EUR/USD Analysis
The pair opened in Asia at $1.3514, following a $1.3492 to $1.3525 range in the US last night. It went up to an early high of $1.3523 as the dollar encountered some early weakness,
AUD/USD Analysis
Aussie opened at $0.9510 this morning and marked marginal early gains to $0.9521 as the US currency hit some early hurdles. Aussie-dollar then saw gains taper off and
USD/JPY Analysis
JPY markets re-opened today after a Monday holiday but overall trade flows remained light. Talk was rampant of large option expiries this week, at Y99.00 for today and tomorrow,
RBA on hold in November – AUD in focus
Melbourne Cup day has been a popular choice for cash rate changes. Rates were changed on six out of the past sevenNovembers. But no commentator was expecting a move today and
Economy Watch – November Outlook for Borrowers
We now see a first 25bps hike in June next year (March previously). We continue to see steady ‘normalisation’ of the OCR thereafter to a 4.50% cyclical peak in 2H 2015.
EUR Mid-day Analysis
Positive vibes from this morning’s Euro zone and German PMI data, as well as from news that the”Troika” will return to Greece this week,
CHF Mid-day Analysis
Carryover support has done the heavy lifting for the Swiss Franc this morning as it has been able tobounce back from a fresh 21/2-week low,
JPY Mid-day Analysis
The continued erosion of safe-haven support has kept the Yen fairly subdued this morning, althoughsluggish Japanese equities have provided enough support to
USD Mid-day Analysis
After a sharp up move took prices up a new 11/2-month high during the overnight session, the Dollarhas seen a sizable pullback heading into this morning’s trading