Forex Analysis
Lower euro area inflation as tax hikes drop out
• Inflation in the euro area has been on a downward trajectory since September 2012. If inflation moves even lower and the risk of deflation increases,
Morning FX Market Commentary
Currencies: Dollar continues to fight an uphill battle USD trading developed again in choppy conditions. The dollar stayed in the defensive ahead of the Fed.
The Global Macro Pulse
Overnight Price Action The 0.8% rise in the S&P overnight has helped the Nikkei to rally 1.3%,
FOMC meeting is today’s main focus
Today’s FOMC meeting remains a key focus. We do not expect the Fed to change its policy settings at this meeting (7pm BST).
FX Daily
Market movers today • FOMC meeting: In addition to the normal statement, the Fed will publish FOMC members’ projections for growth and the Fed funds rate,
USD/JPY Analysis
The pair closed in NY Tuesday at Y95.38 having recovered off pullback lows of Y95.04, after earlier printing a high of Y95.76.
GBP/USD Analysis
The pair closed in NY Tuesday at $1.5645. The rate pressed to session lows of $1.5565 on strong euro-sterling demand throughout the European morning.
EUR/USD Analysis
The pair consolidated gains throughout the US afternoon to close in NY Tuesday at $1.3395. The rate had earlier recovered off intraday lows of $1.3338 to take out the
EURGBP looks ready to challenge higher
The bull move in EURGBP never really went away and the pair may be simply have been coiling in a tight range for a move higher in the coming days,
Mid-Day FX Market Analysis
USD: The Dollar is posting moderate losses this morning, although the market has survived an overnight retest of yesterday’s new low for the move.
Rates on hold and flatter rate path from Norges Bank
The message from Norges Bank has been just as volatile as the import-weighted NOK index over the past year with hawkish and dovish comments swiftly changing.