Forex Analysis
Macro viewpoint: Riksbank – softer than expected
Instant view: As widely expected the Riksbank left the repo rate unchanged today. They also kept a small short-term easing bias,
Morning FX Market Commentary
Dollar continues to fight an uphill battle EUR/USD took a breather after jumping higher on a poor US payrolls report on Tuesday.
The Global Macro Pulse
Overnight Price Action Equities pared losses after a better-than-expected China flash PMI but markets remained nervous on signs of further tightening in China’s interbank liquidity.
Global growth outlook unaffected by US political drama
* We have left our global economic growth forecasts unchanged at 2.8% for 2013 and 3.6% for 2014.
FX Daily
Market movers today * Focus will be on global PMIs. We expect overall euro area PMIs to increase,
EUR/USD Analysis
The pair started in Asia at $1.3776 toward the high side of the $1.3742 to $1.3793 range traded in the US session overnight. Euro-dollar got an early lift from the risk-on environment,
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6165 after rate had managed to recover off extended pullback lows of $1.6119, from earlier Asian highs of $1.6258, to a NY high of $1.6182.
AUD/USD Analysis
Aussie witnessed a marginally stronger session this morning, thanks to the HSBC flash PMI and remarks by RBA’s Philip Lowe.
USD/JPY Analysis
JPY was the only major currency that managed to hold steady through the Asian morning today, compared with other units like the euro and aussie which slipped marginally.
RBNZ Preview: Inflation higher than expected, but so is the NZD
* The NZD has appreciated since the RBNZ’ September Review, mostly due to international developments.
EUR Mid-day Analysis
Sluggish risk appetites and the inability to clear the 138.00 level have fueled moderate amounts of longliquidation in the Euro this morning,
CHF Mid-day Analysis
A fresh surge of flight-to-safety flows has helped the Swiss Franc recover a large portion of its overnightlosses, but the inability to