Forex Analysis
Weekly Commentary
The fall in the New Zealand dollar over the last few weeks highlights the sensitivity of global markets,
Weekly Economic & Financial Commentary
U.S. Review Bernanke Indicates No Easing Up on the QE Gas Pedal • FOMC Chairman Bernanke gave no indication of scaling back asset purchases in his testimony this week and
FX Sentiment Report
TRADERS INCREASE LONG USD EXPOSURE • The net USD position rose to $34bn (a large week‐over‐week increase of $9.3bn). This represents the largest net long position in a year and highlights a notably bullish environment for the USD.
NZDJPY teetering – ready to fall?
The JPY crosses remain nervous – will NZDJPY follow AUDJPY in tripping through the next layers of support.
SEK could be exposed short term
Risk of further krona weakness Our call for a relatively weak Swedish GDP number on 29 May does not bode well for Swedish krona over the next couple of weeks.
Mid-Day FX Market Analysis
USD: The cross is finding moderate pressure in what have been calmer trading conditions than were seen over the past two sessions,
Central European Daily
CE bond markets join global sell-off. The Polish market is facing the biggest, though domestic eco data disappoint. Global sell-off in core bond and
Morning FX Market Commentary
Currencies: Dollar taking a breather after Bernanke On Thursday, the dollar came off the highs set after Bernanke’s appearance before Congress. EUR/USD showed resilient despite overall market nervousness.
Risk off continues in Asia…
Volatility in USD/JPY and cross/JPY, triggered by a sharp reversal in the Nikkei stock market was been the main story in Asian trade.
FX Daily
Market movers today • German IFO expectations are projected to grind slightly higher in line with this month’s ZEW and PMI releases.
USD/JPY Analysis
The pair recovery off Thursday lows of Y100.83 extended to Y102.05 ahead of the session close (close Y101.99) with rate extending this correction into early Asia to Y102.59,
GBP/USD Analysis
The pair closed in NY Thursday at $1.5110 after rate had recovered off session lows of $1.5014 to an eventual high of $1.5129 before drifting off that high into the close.