Forex Analysis
USD/JPY Analysis
The pair closed Monday’s holiday thinned session at Y98.66 after rate had recovered off an earlier low of Y98.10 as the dollar was given a boost by positive comments out of the
GBP/USD Analysis
The pair closed in NY at $1.5983 after rate had pulled back from a session high of $1.6018 (50% $1.6122-1.5914) to a low of $1.5979 as the dollar recouped earlier losses on optimism that the
EUR/USD Analysis
The pair closed Monday’s session at $1.3563 after rate had pulled back from an earlier high of $1.3598 with the dollar gaining a boost on comments out of the
FX Market Drivers: Prospects of USD weakening
The US: The Democrats rejected two proposals by the Republicans. The political deadlock continues to cause endless worry for the economists dealing with the financial market.
EUR Mid-day Analysis
Positive signs of growth from the region have not been enough for the Euro to carry last week’s recoveryrally through the weekend,
CHF Mid-day Analysis
A modest safe-haven bid is helping to lift the Swiss Franc at the start of this week, as the market wasable to look past a lukewarm reading on Swiss PPI early this morning.
JPY Mid-day Analysis
Flight-to-safety flows from across the Pacific have helped the Yen stay clear of last Friday’s spike lows thismorning,
USD Mid-day Analysis
A fruitless weekend in Washington gave the Dollar fresh headwinds at the start of the new tradingweek, although prices were able to hold their ground after making an early retest of Friday’s low.
FX Quant and Positioning Weekly
A mostly ranging FX market awaits political solutions Price based indicators * FX-O-meters: Trends continued to lose strength last week which is hardly surprising as market risk are driven by political events.
Central European Daily
Worse than expected CA balance weighed on the zloty US debt stalemate may undermine regional currencies The Polish zloty retreated from a three-week high on Friday following the release of current account (CA) figures for August.
Morning FX Market Commentary
No clear direction for the dollar as uncertainty reigns On Friday, there were few eco data to give currency trading a clear direction.
FX Daily
* The main market driver continues to be the US debt ceiling talks, which are likely to continue to create market volatility until a deal is struck.