Forex Analysis
Morning FX Market Commentary
Dollar stays under pressure On Thursday, the dollar continued to fight an uphill battle.
FX Daily
Market movers today * In the euro area monetary development will be in focus as credit contraction continues to be one of the key risks to the recovery.
EUR/USD Analysis
The pair opened at $1.3801 after climbing to a high of $1.3826 last night in the US. It started the Asian day wallowing in a narrow range,
GBP/USD Analysis
The pair closed in NY Thursday at $1.6200, just off recovery highs of $1.6213 after rate had recovered off pressured lows of $1.6138, the low seen as euro-sterling pressured up to
AUD/USD Analysis
Aussie was in decline almost through the entire early half of the morning after it opened at $0.9623 today. Aussie-dollar slipped to $0.9610 in early trades and then slumped to
USD/JPY Analysis
JPY started in Asia slightly on the backfoot, with dollar-yen rising early to Y97.44 high after opening at Y97.28. Euro-yen followed suit with a move up to Y134.44 morning high after starting at Y134.26.
EURUSD – rallying in to daily and hourly channel resistance
The Euro is climbing in to our long-term target zone centered around 1.39. To clarify:
CHF Mid-day Analysis
Safe-haven support continues to fuel a rally in the Swiss Franc up to 23-month highs, although it has lostsome ground to the Euro this morning even after the mixed results from Euro zone “flash” PMI readings.
EUR Mid-day Analysis
A minor dose of reality may have taken some of the steam out of the Euro’s rally this morning, as priceshave fallen back to the 138.00 area after reaching a new high for the move during the overnight session.
JPY Mid-day Analysis
While unable to follow-through on yesterday’s strong upmove, the Yen continues to find more than enoughsafe-haven support to hold its ground near the recent highs.
USD Mid-day Analysis
After reaching a fresh 81/2-month low during the overnight session, the Dollar has yet to put together asustained recovery and is having trouble making any lasting move into
Central European Daily
Koruna hits one-month low Czech Ministry of Finance sold bonds worth 10bn CZK On Wednesday, the Czech koruna and the zloty weakened while the forint barely moved due to a national holiday in Hungary.