Forex Analysis
Daily FX Update
FX Market Update – Entering the NA session, markets are quiet and favouring risk aversion. China released slightly weaker than expected industrial production and
US Morning Update
Major overnight headlines: • Italy sold 2.25% 2016 bonds at a yield of 1.92% versus roughly 2.30% at the last auction on April 11th
Mid-Day FX Market Analysis
USD: The Dollar is finding minimal support at the start of the new trading week, and still has some way to go in order to move back up and beyond last Friday’s spike highs.
Central European Daily
The CNB plans no unconventional measures… …and focuses solely on the koruna’s exchange rate
Economy returns to focus in a busy data week…
JPY was centre stage to close the week following the USD/JPY break higher over the 100 level in Thursday’s US session.
Morning FX Market Commentary
At the end of last week, the dollar was in very good shape across the board. The US currency was supported by a low jobless claims report on Thursday.
CFTC: Dollar bought ahead of the spike due to AUD weakness
Hedge Funds were already busy buying dollars ahead of the Thursday spike during the week ending May 7 according to the
FX Daily
Key news – G7 meeting focused on Japan and the weak yen. – Fed’s exit plan is back on the agenda.
USD/JPY Analysis
The weekend G7 meeting concluded without any aggressive communication, reaffirming their commitment to refrain from deliberately weaken currencies via
GBP/USD Analysis
The pair closed in NY Friday at $1.5358 after recovering off lows of $1.5315. Rate had been pressed lower through Friday’s session,
EUR/USD Analysis
The pair closed in NY Friday at $1.2989 after rate had managed to recover off extended lows of $1.2936. The absence of any aggressive communication out of the weekend G7,
USD/JPY Analysis
The extraordinary momentum in USDJPY reached another milestone last week, pushing the dollar above 100 yen for the first time in four years.