Forex Analysis
USD Mid-day Analysis
The Dollar has held within a fairly tight trading range during the overnight session, and has been able to generally hold its ground after yesterday’s strong upside move.
Morning FX Market Commentary
Dollar extends rebound The dollar succeeded a nice rebound on Thursday, even as the impact of the Syria crisis on markets faded. EUR/USD lost one big figure.
The Global Macro Pulse
Overnight Price Action S&P futures are up 0.2% and most Asian markets have rallied.
FX Daily
Market movers today ● Risk appetite continues to be driven by developments in Emerging Markets and the conflict in Syria.
From the tail to the dog
Late August has seen some vigorous tail-wagging driving price action – in particular, EM and oil-driven risk aversion has served to undermine the previous dominance of the Fed.
EURJPY – nearing target (129.48/128.91) to complete bull triangle
The RSI range in EURJPY is typical of triangle consolidations. In this case the coil is following a sharp uptrend and is expected to break to the topside in the coming week(s).
USD Mid-day Analysis
The Dollar was able to make it through a bumpy overnight session by regaining strong upside momentum early this morning,
CHF Mid-day Analysis
The September Swiss is finding considerable pressure this morning, as the recent inflow of safe-haven support has been overwhelmed by carryover weakness from the Euro zone.
JPY Mid-day Analysis
The September Yen continues to lose safe-haven support this morning, and is looking increasing vulnerable to a sharp downside move over the rest of this week’s trading.
EUR Mid-day Analysis
The September Euro has found heavy pressure this morning and has made a fairly strong move below the 133.00 level for the first time since mid-August.
The Global Macro Pulse
Overnight Price Action S&P futures are down slightly, the Nikkei is up 0.5%, the HSI has risen 0.2%, Kospi has rallied 1.4%,
USD/JPY still the pick of the G10
Eighteen months ago I drew a schematic to show how FX performance changes over time, arguing on the basis of valuations,