Forex Analysis
USD Mid-day Analysis
The Dollar has been able to rebound from mild pressure at the start of the new trading week,
Flash PMI Reinforces Recovery In China Plays
The flash reading for September of the China HSBC PMI was better than expected, continuing the run of better-than-expected data in China and
The Global Macro Pulse
Overnight Price Action The USD gained ground against EM FX, but was mixed against the G10. AUDUSD opened at pre-FOMC levels of 0.934,
Morning FX Market Commentary
Euro holding strong, but no clear trend EUR/USD held close to the post-Fed top. The news flow was mixed and the pair showed no clear directional trend.
FX Daily
Market movers today * After financial markets have digested the outcome of the general election in Germany, focus will shift to flash PMIs for the euro area in September.
Australian Markets Weekly
Labour market crucial to RBA policy in coming months * RBA hoping it has eased enough, but the economic outlook remains weak and unemployment is rising
Weekly Commentary
The US Fed’s decision to delay ‘tapering’ has sent the NZ dollar back into the stratosphere. While that in itself will make the RBNZ less keen to raise interest rates,
FX Comment: mouths wide shut
Well, at least Fed is transparent in that they have NO. CLUE. Is “improvement of communication policy” about the quantity of words?.
FX Sentiment Report
* Shifts in sentiment were biased against the USD following the Summers resignation and heading into Wednesday’s FOMC,
AUDUSD – Elliott & Fibonacci indicating a top in place at .9529
Aussie has retraced 38.2% of its decline from 1.06-.8900; the rally fits the description of an a-b-c correction complete with a 1.618 relationship between waves-a & c (daily).
EUR Mid-day Analysis
The December Euro is finding mild pressure this morning, but continues to hold its ground in close proximity to yesterday’s high for the move.
CHF Mid-day Analysis
The December Swiss has remained fairly subdued during overnight trading, but continues to show signs of being “top-heavy” around the 110.00 area.