Forex Analysis
FX Daily
Market movers today • The calendar is somewhat lightweight with UK industrial production figures the key event.
GBP/USD Analysis
The pair closed in NY Monday at $1.4949 after rate had managed to extend its recovery off Friday’s post NFP release lows of $1.4855 to $1.4967,
USD/JPY Analysis
The pair opened at Y100.96 in Asia this morning while euro-yen started near Y129.95 after hitting highs of Y101.27 and Y103.17, respectively overnight.
EUR/USD Analysis
The pair ended in New York Monday around $1.2871, off traded highs of $1.2883, with traders attention remaining on Wednesday’s Fed’s minutes for June,
The day after
Five days after the ouster of President Mohammad Morsi by mass protests demanding early presidential elections, with support from the army, the situation in Egypt remains in flux.
Mid-Day FX Market Analysis
USD: The Dollar is showing mild weakness at the start of this new trading week, but has held onto a large portion of the sharp gains posted since Wednesday’s pre-holiday close.
Conditional pre-commitment
Last week saw an unprecedented move by central banks in Europe towards stronger guidance about the outlook for monetary policy.
Central European Daily
U.S. payrolls weighed on CEE currencies The Czech government should be completed today On Friday, the CEE currencies have wiped out all gains triggered by ECB meeting.
Morning FX Market Commentary
Dollar nearing key resistance after strong US payrolls On Friday, the dollar jumped higher as a strong US payrolls report gave the UK currency additional interest rate support.
FX Daily
Focus today will be on markets digesting Friday’s strong payrolls out of the US in light of what this means for Fed tapering its quantitative easing (QE) programme.