Forex Analysis
The Global Macro Pulse
Overnight Price Action The overnight appreciation of the yen helped push the Nikkei down 0.8% despite the 0.8% rally on wall street overnight. S&P futures are down 0.2% in Asia.
FX Daily
Market movers today * Focus on politics in both the US and Italy. While we will likely have to wait before anything new happens in the US deadlock,
EUR Mid-day Analysis
The December Euro drove up to a new 71/2-month high early this morning, but was unable to sustain upside momentum and has given back a moderate portion of those overnight gains.
CHF Mid-day Analysis
The December Swiss rallied up to a fresh 16-month high this morning, but has seen an abrupt turnaround and has fallen all the back towards unchanged levels.
JPY Mid-day Analysis
The December Yen has come through a choppy and volatile overnight session with sizable gains, and for the moment continues to be the safe-haven destination of choice.
USD Mid-day Analysis
The Dollar remains squarely on the defensive this morning, and has fallen below the key 80.00 level for the first time since early February before making a modest recovery.
Why this Nokky volatility?
Volatility in EUR/NOK has spiked recently. Despite the downshift in economic activity during spring,
Sterling’s not at home
We’re not convinced recent UK house price rises will mean a stronger pound. The recovery has taken place almost exclusively in London and its south eastern commuter belt.
Morning FX Market Commentary
US government shutdown puts dollar under additional pressure A quite uneventful session left EUR/USD little changed in the close. Sterling remained well bid due to its current “safe haven” status.
FX Daily
Market movers today * The US government shut down for the first time in 17 years and focus now turns to how long it will last.
EUR Mid-day Analysis
The December Euro has found moderate headwinds at the start of the new trading week, but is holding up fairly well given the amount of negative news
CHF Mid-day Analysis
The December Swiss is finding a mild safe-haven bid this morning, but for the moment is staying well below last Friday’s new 2013 high.