Forex Analysis
GBP/USD Analysis
The pair closed in NY Friday at $1.4890 after rate had been shoved down to extended lows of $1.4855 following the release of strong US employment data,
USD/JPY Analysis
The pair on Friday briefly broke above the daily Ichimoku cloud top at Y101.16 in the US, supported by the payrolls data reading,
EUR/USD Analysis
The pair fell to a low of $1.2806 on Friday in New York, following a positive reading of US non-farm payrolls for June,
Weekly Forex & Interest Rate Outlook
NZD/USD has been stuck in a 0.7685-0.7860 range for two weeks but a break to the downside looms.
Weekly Commentary
After a very quiet New Zealand data week, we’ve decided to step back and review the three big themes of the past month
FX Comment: green shots
“The whole management of the domestic economy depends on being free to have the appropriate rate of interest without reference to the rates prevailing elsewhere in the world.” (Keynes)
Weekly Economic & Financial Commentary
• Modest domestic U.S. growth remains the outlook as both the ISM manufacturing and non-manufacturing surveys signaled continued growth but not an acceleration.
Still looking for USDJPY correction potential
Today’s US employment report saw the bottom coming out of the US treasury market.
Mid-Day FX Market Analysis
USD: The Dollar had a very good holiday and continues to drive further into new high ground this morning,
Some like it hot
Seasonal price swings stem from the comings and goings in, and changes of behaviour of, groups of market participants at different points in time.
The Global Macro Pulse
Equity markets have rallied across the region with the Nikkei up 1.3% and the HSI up 1.4%, and S&P futures have risen 0.9%.