Forex Analysis
USD Mid-day Analysis
The Dollar is once again back on the defensive this morning, as last Friday’s revival failed to hold through the weekend.
The Global Macro Pulse
Overnight Price Action S&P futures have fallen 0.7% in Asian trading in response to concerns about the US debt ceiling debate.
FX Daily
Market movers today * Focus continues to be on negotiations about a temporary funding bill for the 2014 budget-year and raising the debt ceiling before 17 October.
Scandi Markets ahead
Inflation data in focus and attractive levels for being long DGBs and NGBs It is time for inflation data in both Denmark, Norway and Sweden and with less focus on macro-prudential issues at the Riksbank and
NZ Fiscal “Drag” Signals Economic Stimulus
* A fiscal surplus for pork-barrel politics * Tuesday’s QSBO to indicate above-trend growth
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Neutral this week This week is likely to witness opposing forces – strong NZ fundamentals countered by the developing US fiscal crisis.
Priced for perfection?
Solid domestic data last week, along with further guidance from the Reserve Bank, all served to reinforce the message that the OCR will be heading up next year.
FX Comment: blind spot
“Two things are infinite: the universe and human stupidity; and I’m not sure about the universe.” – A. Einstein
USDJPY – awaiting confirmation of doji and bullish falling wedge
Yesterday’s doji candle is promising but still a reversal and close above 97.87 is needed to confirm the bullish implications.
EURUSD – waning momentum threatening latest 1.3573 breakout
The Euro is still well below our longer-term target zone near 1.39 but momentum is warning of at least a minor pullback because of a divergence with price at recent highs.
EUR Mid-day Analysis
The December Euro has been able to hold its ground within yesterday’s price range this morning, but clearly is having trouble extending this current up move heading into the weekend.
CHF Mid-day Analysis
The December Swiss is finding mild pressure this morning, but along with the Euro has generally held its ground in the upper portion of this week’s trading range.