Forex Analysis

Australian Markets Weekly

GDP, the Outlook and the RBA • Overall GDP was OK. However, the data revealed mixed fortunes across the economy

Morning FX Market Commentary

Currencies: Dollar hammered as markets fear a poor payrolls report EUR/USD was supported as ECB Draghi didn’t give any hints that the ECB will ease policy further anytime soon.

USD/JPY Analysis

The pair closed in NY at Y97.12 after rate had seen an impressive sell off through Thursday’s London fix with triggered stops through Y97.80-50 providing the

FX Daily

Market movers today • The main market mover today will be the labour market report in the US. We have scaled down our forecast for non-farm payrolls from

GBP/USD Analysis

The pair closed in NY Thursday at $1.5601 after rate had extended its earlier gains through resistance between $1.5460/70,

EUR/USD Analysis

The pair closed in NY Thursday at $1.3245 after rate had seen a spike to $1.3306 after the Thursday’s London fix with the dollar under general pressure led by a sharp fall in dollar-yen.

Is the spill over from quantitative easing receding?

• The key theme in financial markets over the past month has been the changed perception about how long the Fed will continue to loosen policy settings.

May: It’s All Been One Way

• The key currency theme was a stronger USD closely aligned to higher US bond yields and a weak JPY

Mid-Day FX Market Analysis

USD: The Dollar could not sustain an overnight rebound, and has now fallen to a fresh 4-week low coming into this morning’s session.

The NBP cuts by 25 bps to a new historical low at 2.75 % Final Hungarian GDP figure confirms a preliminary result The Polish central bank matched our and market expectations as it cut interest rates by 25 basis points to a new all time low 2.75%.

EUR-crosses Look Beautiful

It has fallen under the radar. But another story in the making this year is euro outperformance against all G10 FX despite dollar strength.

ECB action unlikely as data improves

Bottom line: Since the European Central Bank cut its main refinancing rate by 25 basis points to 0.50 percent on 2 May data has generally been better than expected,