Forex Analysis
JPY Mid-day Analysis
The December Yen continues to be the main beneficiary of today’s risk aversion mood in global markets, although prices were unable to build upon a fresh 1-month high during overnight trading.
USD Mid-day Analysis
The Dollar is staying close to unchanged levels this morning, and is finding little benefit from safehaven support coming out of this weekend’s developments both at home and abroad.
Focusing On RBA’s AUD Rhetoric
The RBA is almost universally expected to leave the cash rate unchanged following its Board meeting on Tuesday.
The Global Macro Pulse
Overnight Price Action The Nikkei gapped 1.5% lower at the open and fell as much as 2.2% before recovering slightly to 1.7%,
Morning FX Market Commentary
Italian government crisis puts euro under downward pressure On Friday, EUR/USD gained some ground as dovish Fed talk and fears about a government shutdown dominated trading.
ECB Preview
Nothing but a dovish attitude * Will the ECB cut rates on Wednesday? In a Reuters poll 75 of 75 analysts say no (including us), so let us not waste much time on this.
FX Daily
Market movers today * In the US focus will be on the negotiations about temporary government funding for the new budget year starting tomorrow.
Australian Markets Weekly
RBA: No housing bubble and no change this week * Initial focus this week on the US as government shutdown looms with the Budget yet to be approved; Italian Government Coalition also in strife
Weekly Commentary
We take the opportunity of a quiet data week to review the state of the New Zealand export sector. Primary exporters are enjoying remarkably buoyant conditions,
FX Comment: Show Time
US government shutdown? No way, if it threatens the release of payrolls. Debt ceiling? Matters no more than the context.
Weekly CFTC Trader Positioning Data
• The market is adding to FX risk and slowly shifting to a more bearish USD stance. There is now a large long EUR position and large short JPY and AUD holdings;
EUR Mid-day Analysis
The December Euro was able to shake off early pressure and climb back above the key 135.00 level this morning,