Forex Analysis
USD/JPY Analysis
The pair was broadly softer in Asian trade today, dollar-yen hitting a high of Y99.55 while euro-yen rose to Y130.77 around midmorning earlier.
EUR/USD Analysis
The pair opened in Asia near $1.3160 after trading a high of $1.3175 in the US last night but ran into early selling from $1.3170.
NZD/AUD Uptrend Has Further to Run
Can the rally continue? One of our highest conviction views for 2013 was our call for substantial NZD appreciation against the AUD.
Equities Weaken on US CPI Rise, Ahead of Bernanke Tonight
A soft German ZEW survey saw European equities in retreat at the start of the overnight session This was followed up by a higher than expected US CPI which added to the negative tone in US equity markets.
A small base for AUDUSD?
One of our core views for 2013 has been bearish AUDUSD, and our .9145 next target has been exceeded.
India – shock therapy…
The RBI has announced measures to dampen speculative positioning interest for a weaker INR.
Mid-day FX Market Analysis
USD: The Dollar is finding fresh pressure early this morning and remains well below yesterday’s early high coming into today’s trading.
Central European Daily
Polish inflation hit all-time low Hungary plans early repayment of IMF loans Polish June inflation came out more or less in line with our expectations.
Morning FX Market Commentary
Topside of the dollar blocked after poor retail sales. In technical trade the dollar tried a cautious rebound on Monday morning.
German ZEW, US industrial production and multiple CPI inflation prints today
First up today will be the first of the major European sentiment surveys for July. The German ZEW report is expected to show modest improvement as the second half of 2013 gets underway.
Asian FX Update
INDIA ENACTS MEASURES TO EASE RUPEE STRAIN • India attempts to tighten monetary conditions in order to ease pressure on the rupee.
FX Daily
Focus will be on inflation. The US figure is of particular interest ahead of Bernanke’s semi-annual testimony to the Congress tomorrow, see FT.