Forex Analysis
EURUSD – bear ‘ trap (close above 1.3207) clears path for 1.3298
Following on yesterday’s call for a bear-trap below 1.3207, a close today above recent pivot highs at 1.3220/30 would negate
EUR Mid-day Analysis
With the exception of a few PMI numbers this week the Euro is suffering from a lack of fresh economic data.
JPY Mid-day Analysis
The Yen continues today with this week’s negative tone but is showing signs of selling fatigue. For the sell off to continue one of today’s US economic reports will need to be extremely good.
CHF Mid-day Analysis
One of the few market movers so far in Thursday’s session is the Franc as it loses ground to almost all currencies.
USD Mid-day Analysis
Lack of foreign economic data combined with US economic report apprehension by many market players has capped the Dollar Index’s rise overnight.
The Global Macro Pulse
Asian stocks were flat to slightly higher ahead of a busy economic calendar. Sensex rallied more than 2% on the open,
Morning FX Market Commentary
Dollar fails to profit from higher yields Yesterday, there were no big swings in EUR/USD for most of the day except for a strange uptick in EUR/USD late in the session.
FX Daily
Market movers today ● Today’s main event is the ECB meeting this afternoon. In our view, there are fewer arguments for a rate cut today than a month ago,
EUR Mid-day Analysis
The Euro, also in a tight range through the early morning hours on Wednesday, is very oversold as the last five sessions have seen a decline of over 200 points.
JPY Mid-day Analysis
The Yen, also in a tight range so far, does have a slight downward bias. The Bank of Japan (BOJ) meets on Thursday to decide monetary policy.
USD Mid-day Analysis
Wednesday’s trading in the Dollar Index has been very tight with only a 14 point range in the overnight session.
CHF Mid-day Analysis
Switzerland’s good GDP report yesterday failed to move the currency higher and in today’s session it is having a difficult time finding direction.