Forex Analysis
Mid-day FX Market Analysis
USD: The Dollar has once again been able to shake off early pressure, but is still having some trouble with rising clear of this week’s consolidation trading pattern.
Central European Daily
Situation around FX loans conversion not clear yet… …Economy Minister holds talks with banks While markets are lacking significant domestic movers in the Czech Republic and Poland
China unveils mini stimulus package
China yesterday unveiled a small stimulus package aimed at supporting growth in order to reach its 7.5% target for growth this year.
The Global Macro Pulse
Having rallied in New York in response to higher US yields, the USD is basically flat against the major currencies in Asia.
A history of FX ranges versus Straddle breakevens
How do the ranges for actively traded currency pairs in 2013 so far measure up to past annual ranges,
Morning FX Market Commentary
Euro hardly profits from strong PMI’s EUR/USD tested the 1.3254/64 resistance after the strong EMU PMI’s, but the gains could not be sustained.
Euro‑zone economy is emerging from recession…
The Eurozone flash composite PMI jumped a greater than expected 1.7 points to 50.4 in July.
FX Daily
Market movers today • We expect German IFO expectations to improve, adding to the recent positive sentiment in the euro area.
RBNZ remains on hold, but delivers firmer statement
• OCR unchanged at 2.5%, as universally expected. • The statement is slightly firmer than in the June MPS,
Rate Increases More Widely Accepted
By and large, today’s OCR review was simply a restatement of the June MPS. Indeed, much of the text was identical.
Pretty Much Improvement
Today’s Euro-zone PMI data and the ECB lending survey provided fresh evidence the area is making good progress in finally defeating recession.
Mid-day FX Market Analysis
USD: The Dollar went through some bumpy trading during the overnight session, but survived a retest of yesterday’s monthly low and