Forex News
US Existing Home Sales Decline in October
Existing home sales in the US fell to 5.12 million annualized units in October 2013 from September’s unrevised 5.29 million sales.
CHF Mid-day Analysis
While seeing a fairly sizable pullback from the overnight highs, the Swiss Franc has managed to hold itsground in positive territory as it received a decent amount of support from a sharp jump in
Morning FX Market Commentary
No clear trends, but euro remains well bid. There was again no high profile story to guide trading in the major currency cross rates.
Economy Watch – PPI Affirms Accelerating Nominal Economy
It’s not often that the markets react to New Zealand’s producer price data (a shame, but true). But they did to this morning’s, at least initially.
FX Viewpoint: Central Bank of Turkey remains on hold with hints of more tightening
As universally expected, the Central Bank of Turkey continued to refrain from hiking at today’s monetary meeting, despite surging inflation expectations.
Macro viewpoint: Norway GDP figures shows weak domestic deman
GDP growth mainland Norway fully in line with Norges Bank’s forecast
Morning FX Market Commentary
Dollar remains in the defensive, but no important levels are broken On Monday, the dollar was under some moderate pressure in a session devoid of high profile news.
RBA Board Minutes – November 2013
* The RBA still retain a mild easing bias. Sub-trend growth looks likely, even though confidence measures are lifting.
Morning FX Market Commentary
Dollar under (slight) pressure On Friday, the dollar lost some ground after some disappointing US eco data.
Macro Viewpoint: Mixed figures ahead of Swedish Q3 GDP
Statistics Sweden’s indicator for production in the business sector came out as we had expected. Thus, production declined slightly on the month after the rise in August,
Morning FX Market Commentary
No additional losses for the dollar on soft Yellen comments EUR/USD didn’t show a clear trend yesterday. EMU Q3 GDP data didn’t support the euro.
Canadian September Merchandise Trade Better than Expected
The September 2013 merchandise trade deficit shrank more than expected to $0.4 billion from a $1.1 billion shortfall in August.