Forex Analysis
Mid-Day FX Market Analysis
USD: The Dollar is finding modest early support this morning, but is still lacking enough strength to move above yesterday’s high for move.
Central European Daily
Likelihood of June rate cut in Poland rises Koruna hits 1-1/2 year high Although the Czech koruna temporarily returned below EUR/CZK 25.90 yesterday (probably due to local exporters’ hedging),
Emerging Markets Briefer
The Asian story – from China to Japan There have been two big stories in the financial markets recently. On the one hand, there is the continued slowdown in the Chinese economy and fears of a further slowdown.
Morning FX Market Commentary
Currencies: Euro drifting further south Yesterday the news flow brought negative news both for the euro and the dollar. The euro was hit the hardest as EMU Q1 GDP growth was reported well below the market consensus.
Eurozone economy contracts again, BoE inflation report adds little new…
Advanced estimates of QI GDP revealed that the Euro-zone economy contracted again in the first three months of 2013.
FX Daily
Key news – Japanese Q1 GDP beat expectations. – Positive risk sentiment continued yesterday but Asian session has been mixed.
USD/JPY Analysis
The cross closed a volatile US session at Y102.26 after rate had extended recent recovery highs to Y102.75,
GBP/USD Analysis
The pair closed in NY Wednesday at $1.5232 after rate had bounced between $1.5174-$1.5273 with the softer euro,
EUR/USD Analysis
The pair closed the NY session Wednesday at $1.2883, having recovered off an afternoon session low of $1.2847
US Morning Update
Major overnight headlines: • BoE says “recovery in sight” for UK economy, sees GDP accelerating to 0.5% in Q2, lowers inflation forecsts
Bank of England May Inflation Report
Higher growth and lower inflation but current policy stance seems to remain Growth forecast: According to the Committee’s judgment, both demand and effective supply look set to pick up gradually over the next year,