Forex Analysis
EUR Mid-day Analysis
Now that market focus is shifting back across the Atlantic, the Euro is having a difficult time putting thebrakes on this week’s pullback.
CHF Mid-day Analysis
The loss of safe-haven support has kept the Swiss Franc on the defensive this week, but a positive tonefrom recent Swiss economic data may be keeping further losses in check this morning.
JPY Mid-day Analysis
Positive vibes from the Bank of Japan and from Japanese economic data have lifted the Yen well awayfrom yesterday’s low and back above its 50-day moving average,
USD Mid-day Analysis
After avoiding any dovish surprises coming from the FOMC meeting results, the Dollar has been ableto consolidate recent gains and has taken out yesterday’s post-meeting highs during overnight trading.
The Global Macro Pulse
Overnight Price Action Equities generally weakened in Asian trading post FOMC.
FX Daily
Market movers today * Euro area inflation in October is expected to have been pushed up by the Italian VAT increase,
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6040 after rate had recovered off FOMC react lows (seen less dovish than most expected) of $1.5999 to $1.6043.
EUR/USD Analysis
The pair traded a $1.3696 to $1.3787 range in the US last night, hitting that low soon after the FOMC statement was released.
AUD/USD Analysis
Aussie fell victim to the bullish dollar tone after the FOMC statement as it dropped to a $0.9441 low overnight in the US. It recovered to start the Asian day at $0.9484 this morning,
Economy Watch – It’s Business Time
While the nation’s central bank remains flexible on the timing of next year’s interest rate hikes, a rating agency maintains NZ’s AAA credit rating,
USD/JPY Analysis
JPY started the Asian morning at Y98.51 after getting a lift to a Y98.68 high overnight in the wake of the FOMC statement.
New Zealand OCR Review, October 2013 – A fickle master
The RBNZ is still on track to hike the OCR next year, but has introduced the exchange rate as an additional factor that could affect the timing and magnitude of the hiking cycle.