Forex Analysis
USD/JPY Analysis
The pair closed in NY Friday at Y98.58 after recovering off a session low of Y98.19 through the NY session to Y98.60 ahead of the close.
GBP/USD Analysis
The pair closed in NY Friday at $1.5957 after rate had recovered off a late European low of $1.5924 through the NY afternoon to $1.5961.
EUR/USD Analysis
The pair closed in NY Friday at $1.3559 after it had managed to recover off lows of $1.3523 to $1.3556. Hopes that the two sides in the US debt ceiling debate were close to
Inflation In All Its Guises
* Q3 CPI expected at 1.2% y/y, from 0.7% * BNZ survey points to LVR hit to housing
Australian Markets Weekly
Labour market holding: Buys more wait time for RBA * Australia’s unemployment rate trend steady at 5¾%
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Neutral this week This week may be a replay of the last – strong NZ fundamentals countered by the continuing US fiscal crisis, resulting in a lack of direction.
Weekly Commentary
All on track The highlight last week was the release of the Quarterly Survey of Business Opinion (QSBO).
FX Viewpoint: What if?
“The dollar is our currency, but your problem” – J. Connally, 1971 Sufficient evidence is the Figure 1, – ever since the collapse of the Bretton Woods,
Lack of demand for and safety in the NOK-haven
What just hit the fan? EURNOK traded around 7.40 these days last year. Those were also the days when the consensus call for EURNOK 4q 2013 was 7.18.
Weekly Economic & Financial Commentary
U.S. Review Turn Those Machines Back On! * After the second week of limited economic indicator releases and watching the state of the federal government in suspended animation,
A respite for the US dollar
USD: slightly firmer The DXY dollar index firmed slightly to 80.55 this week, helped by the Democrats and Republicans resuming talks over the US budget.
USDJPY – after flag & wedge breakout, stalling at wedge target
The bull flag from 9/10 and the bullish falling wedge from 9/30 have resolved higher. The strong momentum (hourly chart) is indicative of a new impulsive rally;