Forex Analysis
FX Daily
Market movers today * The Fed surprised the markets yesterday as it did not reduce the monthly bond buying
EUR Mid-day Analysis
The December Euro has remained subdued during overnight trading, and has gravitated towards the middle portion of this week’s “island” trading range.
CHF Mid-day Analysis
The December Swiss was able to recover a small portion of recent lost ground versus the Euro this morning,
JPY Mid-day Analysis
The December Yen was able to post moderate gains during the overnight session, although prices are still well below their weekly highs during Monday’s “post-Summers news” trading session.
USD Mid-day Analysis
The Dollar is finding mild pressure this morning, but has generally held within a tight trading range in front of today’s critical events that will finally put some near-term resolution
The Global Macro Pulse
Overnight Price Action The Nikkei has rallied 2.1% and S&P futures are up slightly, but most other Asian equity markets are down slightly.
Morning FX Market Commentary
Fed decision may trigger next directional move of the USD On Tuesday, most major USD cross rates held close to recent levels ahead of the Fed.
FX Daily
Market movers today * US monetary policy decision. We expect a very gradual start to QE tapering with only 10bn reduction in the monthly purchases.
Morning FX Market Commentary
Dollar remains in the defensive ahead of the Fed The dollar was hit on Monday morning as Larry Summers dropped out of the race for Fed president.
The Global Macro Pulse
Asian equity markets have generally given up some of yesterday’s gains despite the S&P rising 0.6% overnight.
FX Trends daily (FOCUS : USD/CHF)
The pair has resumed its downtrend in the recent sessions and should return to the recent low at 0.9147 and probably test a key medium term support currently at 0.9081.
FX Daily
Market movers today German ZEW expectations will show a strong improvement in September according to our model,