Forex Analysis

EUR/USD Analysis

The pair closed in NY Monday at $1.3077 after recovering off a corrective pullback low of $1.3054,

Markets Wrap & Startegy

The NZD/USD has traded a fairly steady path between 0.8550 and 0.8490 over the past 24-hours. It sits at 0.8520 this morning.

Daily FX Update

CAD IS TECHNICALLY STRONG ON ITS CROSSES – USD is slightly stronger on a holiday laden Monday; news flow is light. – CAD is flat; CAD is technically strong on its crosses. Today Ivey PMI.

EUR/USD hits session lows after Draghi remarks

European Central Bank President Mario Draghi spoke about the ECB’s decision to cut interest rates last to 0.5% last week.

US Market Preview

USD: The Dollar was able to shake off overnight pressure and post a modest gain this morning, although trading has been fairly subdued after last week’s significant volatility.

Weekly Forex Outlook

NZD/USD Outlook: Positive Near Term NZD/USD should strengthen to 0.8585 this week. Assuming the NZ employment report doesn’t disappoint,

Mid-Day FX Market Analysis

EUR – Opened heavy in thin European trade and made a show under $1.3100, flushing stops to print a low of $1.3093.

CE yields at all-time lows … On Friday, the Central European currencies were little changed against the euro. Although the currencies experienced increased volatility following a release of April payrolls in the US,

Asian FX Update

Last Friday’s nonfarm payroll number has brought a USD rally, with shorter term US yields surging off of lows around 0.195% on the 2yr Treasury, to around 0.216%.

G10 FX financial scorecard

– This week the scorecard recommends buying JPY, GBP, USD and selling AUD, SEK, NZD.

Global Macro Views

Markets prepared for temporary slowdown – While growth is slowing down, we believe the markets and investor positioning broadly reflect this.

Morning FX Market Commentary

On Friday, a decent US payrolls report was not able to give EUR/USD trading a clear bias. USD gains were temporary.