Forex News
FOMC: No surprises
As expected, there were no significant changes in the FOMC statement or forecasts. But there were tweaks to the first paragraph in particular.
Cyprus Update: what we have learnt so far
Confusion reigns supreme in the Cyprus bailout. So it is fairly risky to stick out your neck commenting on an unknown outcome that could leave you exposed to ridicule in hours if things change.
Daily FX Technical Strategy: A thorough test of the 200-day
Charts suggest short-term funding pressures are awakening once again. Euribor futures fell sharply within its range in place since last year.
NZD/USD Analysis
The kiwi is trading lower during Wednesday’s Asian following a wider-than-expected reading of New Zealand’s fourth-quarter current account deficit.
US initial jobless claims fall
Initial jobless claims, one of the most timely indicators on the US economy, came out at 332K vs. 350K expected supporting the view that the US labour market continues to improve.
NOK: Norwegian consumption started 2013 on a stronger note
The solid gains in retail sales and overall consumption of goods in January are reassuring, coming at the heels of softness over the second half of 2012.
USD/CAD Technical Analysis
(0,9963) The USD/CAD is still consolidating interior the inside day with 1,0050 – 0,9945 still the levels to follow in the coming hours.
FX Daily Strategist: Europe
– Earlier BoJ transition spells a weaker JPY USDJPY uptrend remains strong and the pair reached a high of 94.07.
FOMC: Economy “paused” but the Fed does nothing new
After the fireworks at the December meeting the Fed does nothing new in January. But somehow the Committee had to acknowledge the weak GDP number;
NZD/USD Analysis
The New Zealand dollar slid against the U.S. dollar during Monday’s Asian, despite a public holiday in Auckland, on news that New Zealand policymakers are set to look into the currency’s recent strength at the behest of exporters.
Early Morning Reid: Macro Strategy
Today is the day the ECB unofficially starts to exit from unconventional monetary policy as Euro-area banks now have the option to repay some of the 1 trillion Euros of LTRO money afforded to them last year. Banks can now hand back money with one week’s notice, and today at 11am London time is the […]
US Housing stats continues to improve
The USD trimmed gains against the euro and extended gains against the yen on Thursday, after data showed that U.S. housing starts rose to a four-year high in December,