Forex Analysis
The Return of Carry?
• NZ dollar interest rate differentials have surged, raising the risk of a return of the ‘carry trade’.
EURUSD – 1.3380 now support; near-term projection is 1.3509
The bullish breakout above long-term downtrends is intact and driving our longer-term bullish outlook for Euro.
USD Mid-day Analysis
The Dollar has managed to find moderate support early in today’s trading, but at this point will need a positive reception to US housing data early in the
CHF Mid-day Analysis
The September Swiss has fallen back below the 109.00 level early in today’s session,
EUR Mid-day Analysis
The September Euro continues to slide back from new 6-month highs this morning, as yesterday’s upside breakout may have been “too high,
JPY Mid-day Analysis
The September Yen is finding moderate pressure this morning, and after filling in the chart gap up to the 103.21 area has been unable to hold above the 103.00 resistance level.
Norway market views: Upside risk to short rates and NOK
The market clearly believes that inflation uptick was a flash in the pan – we do not think so
Euro area growth proxy trade – is it working?
As our economists continue to expect the euro area to remain on a recovery path, we revisit the case for the euro-area growth proxies – that is SEK, NOK, PLN, HUF and CZK.
The Global Macro Pulse
The G10 commodity bloc remained under pressure in Asian trading ahead of the FOMC minutes. AUD and NZD fell 0.6% to 0.903,
The lessons of 1994 that cannot be ignored
The combination of price action, and major country capital flows data, suggest the June 6th FX weekly piece “Fighting the Ghosts of 1994” has become even more relevant for current FX proceedings.
FX Daily
Market movers today • The main focus will be the release of the Fed minutes from the July FOMC-meeting.
Safe-havens less attractive as tail-risks decline?
For the past two years most attention on financial markets has concentrated on the European economic outlook and its associated political and economic risks.