Forex Analysis
Norges Bank keeps key policy rate unchanged
– Key policy rate unchanged at 1.5% – Norges Bank waits for more data, sum-up so far on the weak side
US Morning Update
The morning session in London today – amidst mixed euro area data flow – kept to the general theme of tighter EMU bond spreads and a buoyant EUR alive and well.
Mid-Day FX Market Analysis
USD: The Dollar has once again come into a morning trading session under moderate pressure,
FX Morning Rundown
Following the strong close for the US (S&P +0.52%), Asian equities are trading broadly higher, with the Nikkei again leading the charge (+0.9%).
Morning FX Market Commentary
On Tuesday, the risk rally on global markets continued unabatedly. However, the impact on the most major currency cross rates was limited.
German factory orders holding up
AUD/USD has lifted modestly off the Asian session low of 1.0155, boosted by China posting a larger than expected trade surplus of $18.2bn. in April.
FX Daily
Key news – Asian equity markets follow the positive trend from Wall Street yesterday as Chinese export data surprise on the upside.
RBNZ Concerned Over Growing Financial Stability Risks
The RBNZ managed to keep more capitals and curb loans at the largest banks in New Zealand to curb the recent prices increase especially in houses prices
Markets Wrap & Startegy
NZD The NZD/USD has shed a little over ½ cent over the past 24 hours, dragged lower by a weaker AUD in the wake of yesterday’s surprise RBA rate cut.
LATAM Daily FX Update
Positive earnings results have helped lift risk appetite in the overnight session as liquidity comes back to the market following Monday’s bank holidays in the UK and Japan,
Daily FX Update
FX Market Update ‐ Risk appetite is strong leading into the open, driving equities higher, bond yields up, risk metrics lower and a mixed USD.
Daily Points
KEY POINTS: – Risk markets drifting higher – RBA cuts benchmark rate, cites elevated AUD