Forex Analysis

The Global Macro Pulse

AUDUSD has bounced slightly from 0.8480 to 0.8520 following the RBA meeting.

In Europe the only notable releases are Construction PMI for November in the UK and

Core bond yields finally rebounded higher yesterday, as did the oil price.

The European session witnessed a broad sterling rally on Monday and

The pair started this morning at $$0.8491 after a $0.8479 to $0.8533 range last night in the US,

The RBA left the cash rate changed at a record low of 2.5% at its December meeting.

The pair also had a fairly dull Asia-Pacific morning today as all attention remained on

A rather muted session for the JPY in a rare change from recent choppy markets.

The Euro is showing some minor recovery action this morning as a reversal from

Like the Yen, the Swiss is benefiting from overt weakness in the Dollar and

With a fresh ratings cut for Japan overnight, fresh chart damage and weak data flowing from

The Dollar appears to have peaked out overnight as a move to new highs failed to hold.