Forex Analysis
Weekly Economic & Financial Commentary
U.S. Review Economic Data Releases Largely Weaker than Expected
EUR Mid-day Analysis
An abrupt change in tone from the region’s economic data has put the Euro squarely on the defensive latethis week, although the market has been able to
CHF Mid-day Analysis
On top of substantial carryover pressure from the Euro zone, the Swiss Franc has been impacted by asurprisingly weak Swiss PMI number and
USD Mid-day Analysis
With this week’s FOMC meeting in its rear-view mirror, the Dollar continues to find help from overseasas the market has nearly recovered all of its late October losses.
ECB expected to cut the refi rate in December
Yesterday euro inflation surprised on the downside as it declined to 0.7% in October from1.1% in September. This is much lower than the ECB’s target of maintaining inflationbelow,
FX Daily
Market movers today * The calendar is dominated by PMI releases. The first will be UK manufacturing PMI for October, which we expect to correct slightly from its current elevated level.
GBP/USD Analysis
The pair closed in NY Thursday at $1.6037 after recovering from a session low of $1.6006 to $1.6070 as attention was turned toward the euro sell off following
EUR/USD Analysis
The pair took another pounding in Asia today as it sank through the overnight low of $1.3575 and traded $1.3540, its worst level in 2 weeks.
AUD/USD Analysis
Aussie marked a $0.9451 to $0.9521 range in the US last night and started in Asia around $0.9456. The pair traded an early low of $0.9443 as the euro continued with
USD/JPY Analysis
JPY reached a high of Y98.42 last night in the US following the release of the Chicago report, but was then dragged down by a weak euro, which translated its woes via euro-yen cross falls.
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. There are many effects to consider,
EURUSD – short of optimal ~1.3875 level but failing at channel
There were no new marginal highs in Euro as prices failed at July channel resistance. The subsequent breakbelow the old 2013 high at 1.3711 further confirms that an important turn is at hand.