Forex Analysis
EUR/USD Analysis
The pair started in Asia around $1.3185. Early market action saw the pair shuffling near the $1.3183 lows before it attempted to move higher as the USD weakened.
GBP/USD Analysis
The pair had pulled back to $1.5350 ahead of the NY close, rising into Asia with this recovery extending to an eventual overnight high
USD/JPY Analysis
The pair started in Asia just under Y99.70 and slipped to a low of Y99.21 before Tokyo markets officially opened.
FOMC Meeting Preview – Putting it in Writing
The FOMC next meets on July 30-31. No post-meeting press conference or economic forecast updates are scheduled.
Royal Baby News to Add to Market Malaise
The safe arrival overnight of the third in line to the British throne can only add to the prevailing northern summer market malaise.
New Zealand Economics – Market Focus
CURRENCY STRATEGY We do not see seismic events acting as a trend changer, rather merely reintroducing a temporary discount for investing in a country perched on the “ring of fire”.
Fed tapering not on ‘preset course’
US: Fed Chairman Bernanke emphasised that the Fed’s QE programmes were ‘by no means on a preset course’,
Mid-day FX Market Analysis
USD: The Dollar is finding significant pressure early in today’s trading session, and has now reached the lowest price levels since late June.
Central European Daily
New FX loans conversion plans worry markets… …even though details are not known yet New plans of the Hungarian government upset markets even though their details were not announced yet.
Morning FX Market Commentary
No additional yen weakness after Abe victory. With no important news on the agenda, EUR/USD was blocked in the lower half of the 1.31 big figure.
PBOC liberalises commercial lending rates, focus turns back to the Eurozone economy with top-tier business surveys
The PBOC announced on Friday that it will remove the floor on commercial lending rates.
FX Daily
Market movers today • With a very thin calendar focus will be on markets digesting the statement from the G20 meeting over the weekend.