Forex Analysis
Central European Daily
Better than expected PMI figures had small effect on FX market Hungary confirms its improving trade balance position The first day of the summer holidays was relatively calm in the CEE region.
The Global Macro Pulse
After weakening overnight, the USD has regained ground against the AUD and traded flat against the EUR.
Morning FX Market Commentary
Dollar fails to profit from rebound in manufacturing ISM On Monday, the long list of business confidence indicators was not able to give currency trading a clear direction.
RBA cash rate decision July 2013
· The RBA again kept the cash rate unchanged at a record low of 2.75%, while retaining an easing bias.
FX Daily
Market movers today • In terms of data releases, the calendar is very thin. In the UK construction PMI data are released at 10:30 CET,
USD/JPY Analysis
The pair closed in NY Tuesday at Y99.61 after rate had eased away from intraday recovery highs of Y99.86.
GBP/USD Analysis
The pair closed in NY Monday at $1.5219 after rate had recovered off a NY session low of $1.5206.
EUR/USD Analysis
The pair closed in NY Monday at $1.3067 after rate had recovered off a session low of $1.3014, the recovery aided by support at the 4pm fix,
ECB Meetings and EURUSD in 2013
Here’s a chart simply highlighting the ECB meeting days on a EURUSD chart. Note that at least three of the six meeting thus far this year have been
Focus Germany
Does Germany’s special situation pose a risk to the euro? The findings of the latest Pew Research Center survey paint an impressive picture of the economic divergences within the euro area.