Forex Analysis
JPY Mid-day Analysis
After reaching a fresh monthly low last night, the Yen has also seen a significant turnaround during theovernight session and comes into this morning with sizable gains.
USD Mid-day Analysis
After yesterday’s “relief” rally faded quickly, the Dollar is getting hammered this morning as prices havedropped down to the bottom area of the recent consolidation zone.
FX Market Drivers: Agreement result in positive market
The US: Temporary agreement in place After the 16-day shutdown of some areas of the US government, the Republicans and
Central European Daily
CNB’s Lizal advocates interventions against the koruna Zloty hits a three-week high While the Czech koruna weakened and hit an 11-day low, the Polish zloty extended previous gains and reached a 19-day high on Wednesday.
Morning FX Market Commentary
Dollar unable to from US budget deal Yesterday morning, the dollar returned Tuesday’s gains as a budget deal was again delayed.
Can we trust the yield curve?
As a shutdown and debt ceiling deal looks increasingly likely on Wednesdayafternoon we ask whether it makes sense to consider the long dollar tradeagain.
The Global Macro Pulse
Overnight Price Action Following the S&P’s 1.4% rally overnight, futures are down just under 0.1%,
EUR/USD Analysis
The pair marked a $1.3472 to $1.3567 range in the US last night before it then opened in Asia at $1.3535. As the US currency gained, euro-dollar retreated in unison,
AUD/USD Analysis
Aussie started the Asia-Pacific session at $0.9551 and got an early lift to its morning high of $0.9569 as the market digested news of an impending debt limit deal.
GBP/USD Analysis
The pair closed in NY Wednesday at $1.5948 after recovering off a session low of $1.5894. Rate had seen highs earlier in the day of $1.6064,
USD/JPY Analysis
The pair opened at Y98.77 this morning in Asia while euro-yen started at Y33.67. Both pairs gained early as hopes increased of a deal to resolve the fiscal debt impasse in Washington was due ahead.