Forex Strategies
Daily FX Update
Markets are mixed and relatively quiet. News flow was focused on Governor Carney’s less hawkish stance and PM Abe’s growth strategy; but FX reaction has been muted.
FX Daily Majors
Today’s highlights: USDCAD stays bearish for the 38.2% retracement of the 2012/14 rise at 1.0650, where we would look for buying to emerge.
UBS Morning Adviser
SARB’s purchase of Korean sovereign bonds signal another positive for won Yesterday officials at South Korea’s Financial Supervisory Service announced
Daily FX Wrap and Strategy
The week started with the NZD (and AUD) buoyed by the monthly “flash” update of Chinese Manufacturing PMI courtesy of HSBC.
Daily FX Update
Markets are mixed reacting to China’s HSBC manufacturing PMI release of a seven-month high of 50.8 juxtaposed against a softer than expected Eurozone PMI release and rising oil prices.
FX Daily Majors
Today’s highlights: USDCAD continues to fall sharply after completing a bearish continuation pattern and
UBS Morning Adviser
Headline CPI of +2.7% YoY shows inflation still elevated after MAS cut forecast Singapore May headline CPI released today showed ongoing upward pressure in all major areas except for clothing and communication,
Daily FX Wrap and Strategy
The NZD slipped 0.2% against the USD on Friday, in whatwas an extremely quiet session for markets. NZD/USDclosed just below 0.8700.
FX Daily Majors
Today’s highlights: GBPUSD above multi-year range resistance at 1.7044/49 should see strength extend to our target of 1.7330.
Daily FX Update
Markets are quiet; with equities relatively flat, the U.S. 10‐year yield in a tight range, the USD retraces some of its losses and volatility still falling. There is no U.S. data today or Fed speakers.
UBS Morning Adviser
Central banks target long-term economic potential The Federal Reserve and Norges Bank both surprised market expectations this week to the dovish side.
Daily FX Wrap and Strategy
The NZD has given up some of its post-FOMC gains,falling 0.3% against the USD to 0.8710.Some of the wind was taken out the NZD’s sails by an asexpectedGDP outturn.