Forex Analysis

Still upside for NOK/SEK after recent rally

In the past week we have received disappointing trade balance, retail sales data and PMIdata out of Sweden. The data support our view that Q3 GDP data will be weak and

FX Daily

Market movers today * The final euro area PMI is expected to be unchanged from the Flash estimate (following the release of PMIs in Italy and Spain).

GBP/USD Analysis

The pair closed in NY Friday at $1.5926, the rate recovering off a late low of $1.5908, which was seen as the rate tracked deeper euro-dollar slippage and

EUR/USD Analysis

The pair losses were initially contained early this morning after it opened at $1.3488. Dealers said weak data out of the US on Friday coupled with a lack of any major euro-negative news

Aussie was one of the key FX movers this morning, after it started the day at $0.9445. It marked early gains as the market reacted to a strong reading of China’s CFLP services PMI released at the weekend.

USD/JPY Analysis

JPY witnessed a quiet session in Asia today with markets in Japan closed today to mark a public holiday. Dollar-yen opened at Y98.76 this morning after a Y98.32 to Y98.86 US range on Friday.

Markets Outlook – A Laboured View On Housing

Currently, there’s lots of excitement about the housing market. The prevailing wisdom is that a pullback in lending, driven by the RBNZ’s imposition of LVR restrictions.

Australian Markets Weekly – Housing recovery showing more traction

We pointed out last week that inflation in Q3 remained moderate and low enough to keep the door open for another easing, if need be.

Weekly Forex & Interest Rate Outlook

The NZD is likely to remain torn between support from RBNZtightening expectations and resistance from a stronger USdollar.

Weekly Commentary

Thursday’s October OCR Review by the Reserve Bank wasthe focus for markets last week. As expected, the OCRremained unchanged at 2.5% and

FX Viewpoint: give EUR a break!

Deflation! Japan! Doom! – the headlines last week when the euro area inflation fell below 1%. Mind you, this is not the euro area specific issue: disinflation is what has held Fed from tapering too.

Weekly CFTC Trader Positioning Data

• The post-shutdown reaction in sentiment suggests that inves-tors shifted positioning on the basis of a renewed appetite for risk,