Forex Analysis
JPY Mid-day Analysis
The December Yen went through another bumpy night of trading, but failed to take out yesterday’s 51/2-week high and may be vulnerable to a near-term pullback this morning.
USD Mid-day Analysis
The Dollar was able to shake off overnight pressure and put together a mild rebound this morning, but remains firmly at the bottom end of its longer-term downtrend.
Morning FX Market Commentary
Sterling corrects against dollar and euro No big news from the Hill and few eco data, but profit taking on sterling long exposure dominated trading yesterday.
The Global Macro Pulse
Overnight Price Action Risk rallies ran out of steam at the end of the week with most Asian equity and currencies down.
FX Daily
Market movers today * What should have been an exciting day will turn out to be rather dull in terms of key figures.
The US Debt Ceiling & the NZD
* The USD outlook is plagued with uncertainty as we head into negotiations over the US debt ceiling.
Australian Markets Weekly
Interest rates: RBA cut still coming but delayed * The US fiscal debacle remains centre stage. For Australia, the likely effect on the economy will be negligible, assuming the political negotiations are not protracted.
September: Hijacked by the Fed
* Market sentiment brightened following the Fed’s decision not to taper asset purchases, but the US dollar and US bond yields took a pounding.
EUR Mid-day Analysis
The December Euro is finding moderate support this morning, but has been unable to move beyond last night’s spike rally up to a new 8-month high.
CHF Mid-day Analysis
The December Swiss has consolidated yesterday’s recovery this morning, but is starting to lose ground to the Euro and is showing few signs of retesting Tuesday’s high for the move.
JPY Mid-day Analysis
The December Yen continues to be driven by the ebb and flow of safe-haven support, and is finding significant pressure early in today’s trading.
USD Mid-day Analysis
The Dollar has been able to mildly bounce back from a new low for the move last night, but is clearly having trouble getting into positive territory