Forex Analysis

Mid-Day FX Market Analysis

USD: The Dollar remains well supported and continues to drive further into new high ground going into this morning’s trading.

Norway: Rebound in mainland growth

– Mainland GDP will probably rebound in Q1 – in line with Norges Bank’s view – Norges Bank would have to change its view significantly in case of another weak figure

While Czech GDP figures point to a deeper recession,… …Hungary’s GDP on the other hand surprises positively Markets in Central Europe have to digest key eco figures from the whole region. Already yesterday,

Fed’s inflation problem suggests no QE end

– Negative on risk sentiment – Still bullish on EUR/SEK – We stick to being bearish on EUR/USD

Morning FX Market Commentary

After a pause on Monday, the dollar restarted the rebound from the end of last week. The euro had popped up early in Asia on media reports that US hedge fund returned to

Macro View: Soft, but Signs of Stabilization

The economic data flow over the past week did little to clarify the near-term pulse of global growth,

USD/JPY Analysis

The pair closed in NY at Y102.32 after rate had been driven to extended highs of Y102.40 into the close. Rate came under early pressure into Asia,

GBP/USD Analysis

The pair closed in NY Tuesday at session lows of $1.5208, the rate having broken through its 50% retrace of the move up from 2013 lows of $1.4832 to $1.5607 at $1.5220.

FX Daily

Key news – Another good day for equity markets. – JPY continues to weaken and yields surge as Bank of Japan’s policy is seen as credible.

EUR/USD Analysis

The pair closed in NY Tuesday at $1.2927 having touched an extended low of $1.2912 late session before edging back into the close.

AUDUSD – triple top & wave symmetry both target .9632

Last week we raised the case for a break of 1.0170 and further decline to near 1.000. The break has cleared major support and led to an even deeper decline.

Going tactically short USDJPY

While it may seem like it, USD/JPY has been highly-correlated to the US/Japan yield differential for pretty much all of 2013.