Forex Analysis

JPY Mid-day Analysis

Safe-haven support continues to drain from the Yen this morning, as fairly positive readings from last night’sJapanese Machinery Orders and

USD Mid-day Analysis

Although the rhetoric from Washington politicians continues to be caustic, there has been a notableincrease in confidence that a US debt default can and will be avoided which is helping the Dollar to

EMEAFX Commentary

PLN FX: EURPLN very subdued in spite of the concerns in the market elsewhere. We tried a few timesto break the 200 day ma (4.20) yesterday without success,

EURUSD: Support – 1.3450/60 Resistance – 1.3610, 1.3630, 1.3710 In summary, the minutes proved to be a little more on the hawkish side but the impact was limited overall with the focus now very much back on Washington.

GBP – phoenix rise?

* In spring the recovery was seen as the slowest in 100 years. Now, PMIs are the highest on record.

FX Market Drivers: CPI in Scandies may be of great importance

The US: Janet Yellen will be the new chairman of the Federal Reserve. A dove (Ben Bernanke) is being followed by an ultra dove (Janet Yellen).

Close Encounters of the Third Plenum

After a year of intense planning and political maneuvering, China’s new leadersdon’t appear to have much to show for their efforts.

GBP/USD Analysis

The pair closed in NY Wednesday at $1.5957 after rate had recovered off extended lows of $1.5917, the base seen following the release of FOMC Minutes.

FX Daily

Market movers today * President Barack Obama has scheduled meetings with House Republicans in a first sign of easing the logjam.

EUR/USD Analysis

It’s been a fairly languid session for the euro, with the currency takings its cue from the whims of the broader US dollar trend.

AUD/USD Analysis

The pair started this morning near $0.9445 and spent a quiet first few hours of the session between $0.9440 and $0.9460.

USD/JPY Analysis

The pair gapped higher at the open to Y97.63 in Asia this morning while euro-yen started the day at Y131.65.