Forex Analysis

The Global Macro Pulse

AUDUSD rallied but rejected its overnight high of 0.9340 and is at 0.9320. EURUSD has crept up to 1.3030 while USDJPY traded sideways at 97.7795.

Australia: The AUD, China, the RBA domestic demand & ABS job vacancies

The ABS’s job vacancies series fell 7.3% over the three months to May to be 19.3% lower over the year.

Morning FX Market Commentary

Euro fails to profit from easing global tensions On Wednesday, the downtrend of EUR/USD was extended even as global market tensions eased and as the global repositioning slowed.

Australia gets new Prime Minister. A busier economic day ahead…

The final estimate of US Q1 GDP was revised down from 2.4% (saar) to 1.8% (saar). The downward revision to GDP was largely due to the lower consumption of services,

USD/JPY Analysis

The pair closed in NY Wednesday at Y97.80 after recovering off a session low of Y97.24. Rate had been driven lower as markets reacted to the sharp downside revision in

FX Daily

Market movers today • Focus will be on whether the stabilisation in risk sentiment holds. We believe a lot of positions have been squared out by now,

GBP/USD Analysis

The pair closed in NY Wednesday at $1.5319 after rate had edged off session lows of $1.5297. Rate dipped to $1.5310 in early Asian trade before

EUR/USD Analysis

The pair closed in NY Wednesday $1.3016 after rate had recovered off pressured lows of $1.2985 through to the close.

Business Euphoria

RBNZ Deputy Governor, Grant Spencer, stuck to the Bank’s recent script in his speech this morning.

Mid-Day FX Market Analysis

USD: The Dollar has seen some moderate follow-through to yesterday’s recovery rally, with upside momentum strong enough for prices to drive up into new high ground early this morning.

Jiri Rusnok becomes the new Czech Prime Minister NBH lowered rates by 25 bps and is ready to cut again Milos Zeman, the Czech President, has appointed Jiri Rusnok (Minister of Finance during Zeman’s administration)

Draghi: ECB has `done as much as it can` to promote growth

ECB President Mario Draghi said the Bank has “done as much as it can” to stabilize the euro-area economy and that monetary policy cannot support economic growth.