Forex Analysis
JPY Mid-day Analysis
A revival of safe-haven support from Chinese banking difficulties has helped the Yen put together a sizablerecovery rally this morning,
USD Mid-day Analysis
A modest boost of safe-haven support has helped the Dollar find its footing after reaching a fresh 81/2-month low, but the market is making little headway with
Central European Daily
CEE currencies strengthen on U.S. job data Regional bond yields fall CEE currencies gained yesterday as disappointing U.S. payrolls suggested that
FX Market Drivers: Changes in expectations of USD
Review Non-farm payroll came out at 148,000 against the expected level at 180,000.
Carry Funding Should Be Diversified Away from USD
Payrolls was soft, but going long carry trades is easier said than done. First, carry is extremely expensive. In FX, we measure valuation through purchasing power parity.
The Global Macro Pulse
Overnight Price Action A bounce of profit taking and concerns on China big banks’ debt write-offs caused heavy equity selloffs.
Morning FX Market Commentary
Dollar hammered by disappointing payrolls EUR/USD jumped to a new 2013 top as the US economy created less jobs than expected.
FX Daily
Market movers today * ECB holds a press conference about its Comprehensive Assessment of banks’ balance sheets which includes an Asset Quality Review and stress tests.
EUR/USD Analysis
The weaker than expected US NFP data released overnight and the subsequent sharp fall in US 10yr yields propelled the euro to a high of $1.3792 last night in the US,
AUD/USD Analysis
Aussie benefited from US jobs data overnight as the US dollar suffered, trading a US session high of $0.9731, before pulling up short of a test of the 200-day moving average ($0.9749 today).
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6235 after rate had been pushed up to extended highs of $1.6248 on reaction to the release of weaker than forecast US Sep NFP data.
USD/JPY Analysis
The pair reacted to last night’s US NFP data with a drop to Y97.86 low with euro-yen cross also declined in line to Y134.43. Dollar-yen started in Asia with a gap up to Y98.42 but