Forex Analysis
GBP/USD Analysis
The pair closed in NY Friday at $1.5267 having extended its recovery highs to $1.5283 (50% $1.5752-1.4814)
EUR/USD Analysis
The pair traded morning today, mostly between $1.3150 and $1.3160 after it recovered from early weakness in the $1.3135/50 zone.
USD/JPY Analysis
The as-expected victory for PM Abe’s ruling coalition during Sunday’s election was met by an early weakening of the yen,
As low as it goes
The Consumer Price Index rose 0.2% in the June quarter, in line with our forecast but a touch below the market median and the RBNZ’s pick of 0.3%.
China Abolishes Lending Rate Floor. Australian CPI this Week
Equity markets were little changed on Friday night, with no key data released The market was weighed down by the disappointing earnings from Microsoft and Google that were released after the bell on Thursday.
Weekly Economic & Financial Commentary
A Soft Patch of Economic Data • Retail sales data for June pointed toward a downshift in consumer spending for the month, rising just 0.4 percent.
FX Sentiment Report
The absolute change in FX positioning was relatively small this week, likely as the market was nervous leading into Chair Bernanke’s appearance before Congress.
What’s Behind Higher Inflation in Canada?
Canadian inflation picked up for a second month in June. In this report, we consider what this means for interest rates in the context of an upgraded growth outlook from the Bank of Canada.
Mid-day FX Market Analysis
USD: The Dollar has come through a rather bumpy overnight session under moderate pressure, but is staying well clear of any retest of this week’s lows this morning.
European Strategy and Trades
We summarise the main changes to the ECB collateral framework, which show a clear bias towards easing rules for ABS.
Morning FX Market Commentary
Dollar rebound running into resistance On Thursday, the dollar couldn’t maintain the positive momentum from the previous session.
EUR/USD Analysis
The pair saw a lackluster start to the Asian session today, after it had ended in the US around $1.3109, off that session’s $1.3121 high.