Forex Analysis
JPY Mid-day Analysis
A rebound in Japanese equities and a continued erosion of safe-haven support have kept the Yen on thedefensive this morning, as prices are following through on
USD Mid-day Analysis
While the market has avoided a retest of last Friday’s low for the move, the Dollar is showing few signsof putting together any extensive recovery at the start of this week’s trading.
Morning FX Market Commentary
Sideways trading at end of last week EUR/USD set a minor new high in early Asian trading, but the move stalled later on.
Careful Chasing CAD
CAD weakened markedly following the Bank of Canada announcement lastweek, with the Bank dropped their long-held tightening bias.
The Global Macro Pulse
Overnight Price Action Asian markets have traded with a bullish risk/bearish USD tone. S&P futures are up 0.4%,
FX Daily
Market movers today * US manufacturing production growth has been subdued over the past six months and leading indicators are sending mixed signals.
Low for longer’ still applies in Scandinavia
After last week’s rather uneventful Riksbank meeting, we keep our view that the Swedish money market will continue to price the Riksbank ‘low for longer’ and
GBP/USD Analysis
The pair closed in NY Friday at $1.6167 after recovering off a session low of $1.6150, with euro-sterling closingthe week above its 200-dma at stg0.8535 at stg0.8539,
EUR/USD Analysis
The pair opened in Asia this morning around $1.3805, after a $1.3374 to $1.3814 on Friday in the US. It was carried higher by a stronger euro-yen rate amid the morning’s risk-on theme.
AUD/USD Analysis
Aussie started the day today at $0.9585, after a $0.9572 to $0.9601 US trading range on Friday. Early yen weakness gave aussie-dollar a lift via
USD/JPY Analysis
JPY closed in NY on Friday at Y97.40 after recovering from the Y96.93 low set during that session’s afternoon Asian trading.
China Economic Comment
As the Chinese economy enters a transitional phase in its development, many are now questioning what this will mean for its future economic performance.