Forex Analysis

FX Daily

The main event is the ECB meeting. We expect the ECB to keep the powder dry

Longer German bond yields edged marginally higher yesterday (10-year yield by half a bp),

Supported by stronger-than-expected UK PMI Services data and a well received Autumn Statement from

The pair opened at $0.8405 this morning, just above the US session low of $0.8397,

Another lackluster morning for the EUR today with the ECB’s policy decision due ahead in a few hours.

Another day of losses for the JPY with the dollar edging closer to the Y120.00 mark vs. the yen,

The trade deficit narrowed to $1.3bn in October.

Retail trade rose by a stronger than expected 0.4% in October,

We don’t have any inside knowledge of whether the RBNZ Governor attended the recent Rolling Stones concert.

The RBNZ is set to contend with still-robust activity data but

The Euro only saw modest support from a slightly better than expected Retail sales result for October.

The Swiss has forged yet another downside breakout which suggests the trend