Forex Analysis
Morning FX Market Commentary
Dollar unable to profit from global uncertainty Risk-off sentiment also affected currency trading yesterday with the likes of the CHF and the yen gaining ground.
FX Daily
Market movers today • Focus continues to be on the emerging market sell-off and the possibility of US military intervention in Syria.
EUR Mid-day Analysis
The September Euro remains under moderate pressure this morning after making a sharp downside turn over the past few hours.
CHF Mid-day Analysis
The September Swiss has been able to hold onto modest strength in spite of today’s “risk off” mood in global markets this morning,
USD Mid-day Analysis
The Dollar has been able to post modest gains during overnight trading, but is clearly playing “secondstring” to the Yen as a flight-to-safety destination of choice this morning.
JPY Mid-day Analysis
The September Yen has been the main beneficiary of this week’s risk aversion mood, and has already recovered a sizable portion of last week’s pullback during the last 18 hours of trading.
Nordic Outlook: Global recovery set to continue
It notes recently improved prospects of a stronger global recovery, with leading indicators for most industrialised countries showing greater household and business confidence.
Morning FX Market Commentary
EUR/USD off recent top, but no clear trend. EUR/USD held a tight sideways range as poor US durable orders had no big impact on the dollar.
Europe – US data disappoints. FX majors have quiet start to wk
Today, the August reading of the German IFO is released (9am BST). The lift in the German PMIs in August suggest further improvement in the IFO is likely.
FX Daily
Market movers today • German Ifo (10:00 CET) is expected to show a further increase from 106.2 to 106.7 (consensus 106.9), mirroring the improvement we saw in German Flash PMI.
CHF Mid-day Analysis
The September Swiss is seeing moderate pressure early in today’s session, although prices have been able to hold their ground near the middle of last week’s volatile trading range.
EUR Mid-day Analysis
The September Euro may be finding mild pressure this morning, but has generally held its ground after last week’s choppy and volatile trading pattern.