Forex Analysis
US dollar just said something – we should listen
The greenback made a sweeping statement yesterday that could prove a signal for strong further gains – as USDJPY broke 100 late yesterday.
FX Daily
– Focus today: There is a very thin data calendar today with only tier 2 data. Italian industrial production data and Norwegian CPI data might attract some attention.
USD/JPY Analysis
A reported large dollar-yen buy program executed Thursday was cited for the rate making its eventual break above Y100.00,
GBP/USD Analysis
The pair closed in NY Thursday at $1.5442 after rate had been pressed to lows of $1.5426, the move seen pressured on large dollar program demand.
Statement on Monetary Policy – May 2013
– The RBA has cut its inflation forecasts but left the GDP projections unchanged. – The easing bias was not explicitly stated but the risks lie with another rate cut in August following the next inflation update.
EUR/USD Analysis
The pair closed in NY Thursday at $1.3034 after rate had been pressed to extended pullback lows of $1.3011 after the dollar was given a general boost by a strong dollar buy program.
Who will sell to the Bank of Japan?
– The Bank of Japan’s plan to end deflation rests on an aggressive plan to buy JGBs, including long term JGBs.
Markets Wrap & Startegy
NZD Currency markets exploded into life overnight, ensuring this week’s NZD rollercoaster ride continued. Having bounced back above 0.8460 yesterday afternoon,
LATAM Daily FX Update
Market tone is moderately softer overnight, as China released higher than anticipated CPI data, pushing European equities to post moderate losses.
Daily FX Update
AUD & NZD RETRACING WED LOSSES; BOE HOLDS RATES – USD is weaker entering two day G7 meetings; dovish Fed Evans at 10am EST is biggest risk in subdued data week.
USDJPY more ready than ever for a try at 100
If government bonds stay on the defensive after today’s five-year low in US weekly jobless claims (as the good jobs data is raising the odds again of the
US Morning Update
Major headlines: – Spain sells a total of EUR4.57bln in 2016 and 2018 paper, above the planned 3.5bln – R4.5bln range – UK industrial production rises 0.7% m/m in March, above the 0.2% consensus