Forex Analysis
Tapering is on hold, not off – FOMC preview
Tomorrow’s FOMC meeting is not expected to rock the boat. In the post-meeting statement the key issue to keep an eye on is the Fed’s forward guidance on its asset purchases for
GBPUSD – h&s neckline break on hourly targets 1.60
After a deep correction of the initial 5-wave decline (wave-1) in Sterling prices again met strong resistance near1.6250 from the 2011 downtrend.
EUR Mid-day Analysis
After failing to reach new high ground during Monday’s trading, the Euro is starting to face long liquidationand profit-taking as its rally has run out of near-term upside momentum.
CHF Mid-day Analysis
The continued erosion of safe-haven support has put the Swiss Franc squarely on the defensive thismorning, as prices have broken out below the key 111.58 support level early in today’s trading.
JPY Mid-day Analysis
Given the positive reception for last night’s set of Japanese economic data, the Yen has found surprisinglylittle upside momentum,
USD Mid-day Analysis
While continuing to lift clear of last week’s lows, the Dollar still appears to have trouble with puttingtogether an extended recovery from these current price levels.
When to sell the commodity CCY correction?
In our latest Currency Strategy we concluded that central banks remain the principal driving force for FX markets,
Central European Daily
The NBH may keep the cautious rate cut cycle tone The NBH holds rate setting meeting this afternoon. The main question recently is how long the central bank continues the rate cut cycle,
Morning FX Market Commentary
Sideways trading Uneventful session kept EUR/USD and EUR/GBP nearly unchanged yesterday.
The Global Macro Pulse
Overnight Price Action FX generated the main excitement in Asian trading, although equity markets generally fell.
FX Daily
Market movers today * Today’s main economic release is US retail sales for September. The data were collected before the distortion from the government shutdown and political mess.
GBP/USD Analysis
The pair closed in NY Monday at $1.6141 after rate had stepped its way to a session low of $1.6125 on the back of decent demand for euro-sterling,