Tag Archives: JPY
Monthly FX Outlook
• The US$ strengthened on the Fed’s perceived hawkish statement, and should gain further ground to eclipse year-to-date peaks on Fed tapering in Q4.
Mid-Day FX Market Analysis
USD: The Dollar is finding mild pressure early, but has given back little of the sizable gains posted during the past two days.
FX G10/EM Morning Trader Views
EUR – Eur , helped by eur x selling, caught up yesterday with the broader usd move posting a low at 1.3161
Mid-Day FX Market Analysis
USD: The Dollar has extended yesterday’s huge post-FOMC reversal with a sizable upside follow-through this morning,
Mid-Day FX Market Analysis
USD: The Dollar was able to bounce back from a new 4-month low and post a modest gain this morning,
FX G10/EM Morning Trader Views
EUR – Definitely didn’t move as expected yesterday as eur defied general bullish USD in g10 and eur x’s rallied hard to topside led by eurjpy/eurgbp.
FOMC meeting is today’s main focus
Today’s FOMC meeting remains a key focus. We do not expect the Fed to change its policy settings at this meeting (7pm BST).
Global FX Strategy – A new paradigm?
EURUSD has of late also been supported by higher peripheral bond yields, which attracts investors to EUR assets,
Mid-Day FX Market Analysis
USD: The Dollar is posting moderate losses this morning, although the market has survived an overnight retest of yesterday’s new low for the move.
FX G10/EM Morning Trader Views
EUR – Quiet in the main yesterday although remains firm on a 1.33 handle as we approach FED tomorrow – ZEW out later this morning could possibly add some volatility to eur,
Mid-Day FX Market Analysis
USD: The Dollar has been fairly subdued to start out this new trading week, but was able to grind out a modest gain coming into this morning’s session.
CFTC: AUD short reaching record; EUR short almost removed
Hedge funds cut their long dollar exposure through IMM currency futures by almost one-third during the week ending June 11.