Forex Analysis

Central bank influences on the antipodeans

RBA shifts weaken the AUD, but two cuts are now increasingly priced.

G10 FX is essentially flat. EURUSD is trading 1.2386, USDJPY is at 119.24,

Focus continues to be on the oil market and the potential repercussions on Emerging Markets.

Core bonds rallied further yesterday, curves bull-flattened,

The pair closed in NY Tuesday at $1.5667 after rate had managed to extend its recovery off

The pair ended the NY session at $1.2374 after trading a NY range of S1.2348 to $1.2448.

USD/JPY started at Y119.69 after chopping around a NY range of Y117.95 to

AUD heading into Europe on the day’s highs after earlier weakness on the back of poor data out of China,

The euro is probably short term technically oversold and in need of a temporary recovery

Like the Euro, the Swiss is getting a short covering bounce and

Down-trend channel resistance is seen up at 83.94 and that resistance line falls down to 83.75 on Wednesday.

The Dollar has lost some favor as foreign investors might be a little concerned with the “richness”