Forex Analysis
EUR/USD Analysis
The pair closed the NY session Thursday at $1.2933 after rate had recovered off an earlier low of $1.2822 to $1.2957 before drifting lower into the close.
Monthly FX Outlook
CURRENCY STRATEGY HIGHLIGHTS • After a shaky couple of weeks our bias for being long the US$ is bearing fruit again.
Economic Fact Book Germany
Germany is the fourth largest economy in the world measured by nominal GDP and the largest economy in the euro area – accounting for about 28% of euro area GDP.
Mid-Day FX Market Analysis
USD:The Dollar continues to see vicious price action this week, and is in-line for a second large-scale reversal in as many sessions.
Negative Rates Are More Likely Than You Think
Negative rates in Europe are not our baseline. But we think the odds of a depo cut are higher than what the market is currently pricing.
No cut from Norges Bank after all
After unexpectedly low inflation in March, and a persistent downward trend in core inflation, price growth surprised on the upside in April,
FX Daily
Market movers today • Euro-area flash PMIs are expected to improve but to remain in recessionary territory.
USD/JPY Analysis
The pair closed in NY Wednesday at Y103.14 after rate had seen extended highs of Y103.74 before dropping back to Y102.73 on reaction to Fed Bernanke comments,
China: HSBC PMI suggests continued near-term softness
• The HSBC manufacturing PMI in May dropped below 50 and the details suggest continued weakness in the short run.
GBP/USD Analysis
The pair closed in NY Wednesday at $1.5050 after recovering off a low of $1.5020, seen after rate had seen volatile reaction to Fed Bernanke comment,
EUR/USD Analysis
The pair closed in NY Wednesday at $1.2859 after recovering off a pullback low of $1.2834. Rate had seen volatile action during Fed Bernanke’s testimony,
Chinese Monthly Update
• Partial economic indicators lack any strong indication that conditions are improving in China. While indicators for April came in broadly consistent with expectations,