Forex Analysis
Midday FX Market Analysis
USD: The Dollar has been able post moderate gains early in today’s session, but has made comparatively little headway with recovering from this week’s Fed-fueled downdraft.
Central European Daily
Inflation in Hungary stays well below the NBH target Our Czech Flash leading indicator signals recovery Yesterday’s release of the Hungarian inflation confirmed that it stayed well below the NBH target.
Morning FX Market Commentary
Dollar looking for new equilibrium after ‘post-Bernanke’ sell-off. Yesterday, the dollar tried, until now unconvincingly,
Michigan confidence and Eurozone industrial production to round off the week
Trading through the European day was surprisingly quiet given Fed Chairman Bernanke’s big speech on Wednesday night.
USD/JPY Analysis
Yesterday the pair trade between Y98.26 and Y99.94, the Japanese currency went back to watching stock markets today for leads,
GBP/USD Analysis
The pair closed in NY at $1.5186 after rate had seen a decent recovery off European morning lows of $1.5035 to NY session highs of $1.5222,
EUR/USD Analysis
The pair closed the US session at $1.3097 and spent the early part of the Asia-Pacific session between $1.3086 and
Confluence of Factors Turn up the Heat on the RBA
Economic data from Australia show weakness in the labor market, a lack of business confidence and increased pressures from abroad.
Midday FX Market Analysis
USD: The Dollar was able to make a fairly sizable comeback this morning, but still has a long way to go in order to fully recover from a brutal 12 hours of trading.
Japan’s Balance of Payments Monitor (July 2013)
Japan posted a seasonally adjusted current account surplus of ¥623.3 billion in May, down from ¥852.7 billion in April.
Fed Chairman Bernanke sets markets straight…
Bernanke’s speech and his Q&A, 2 hours after the release of the FOMC minutes, were more influential.