Tag Archives: USD/CNY
JPY strength. USD/CNH peaking? EUR/SEK higher.
EUR/USD: The pair initially fell down to a 1.3643 low to completed anhourly five wave pattern down from the recent high point.The following bounce,
The Global Macro Pulse
NZD started the day rallying to 0.83 as a stream of positive data and news hit markets. A weak capex survey, on the other hand, pushed AUD down to 0.892 although it has since retraced to 0.894.
€ takes a beating. USD/CAD higher. AUD/NZD down.
EUR/USD: With the break of 1.3708 the triangle scenario was abortedcalling for a slightly premature peak to have been set. Thefollowing violation of 1.3684 has further enhanced theprobability of a top been put in place.
Daily FX Wrap and Strategy
The NZD is weaker this morning, following positive US data released overnight. In the wake of that release, the NZD/USD fell by 0.6% and currently sits at 0.8290.
Daily FX Update
Markets are relatively quiet leading into the NA open and particularly so in FX markets where outside of the Chinese CNY and the Ukrainian UAH, most currency are trading comfortably within recent ranges.
US Morning Update
Most markets were very quiet once again during the London morning, with month-end upon us. Poor investor returns in February have kept the desire to put new trades on very limited this week.
A new dove at the Riksbank and CNY under pressure
This morning the Riksbank published Minutes from the February Monetary Policy Meeting. Despite the decision to keep rates was unanimous (we already knew that) we think the Minutes had a clear dovish twist.
The Global Macro Pulse
The dollar is little changed against the major currencies. EURUSD has traded sideways at 1.374, USDJPY has bounced off of its overnight low of 102.05 to 102.32, and
US Morning Update
Price action in equities and USTs during the Asian and London morning sessions suggest ‘risk off’. We suspect participants have been watching moves in CNY closely.
The Global Macro Pulse
The dollar is little changed against the majors, but slightly weaker against EM Asia currencies. AUDUSD is at 0.9024, off its overnight high in US trading, EURUSD is flat at 1.3736,
Decline In Chinese Yuan Suggest Shift In PBOC Policy
The unusually sharp decline in the yuan in the recent days, which has caught many investors off guard, has given rise to speculation that a policy shift is taking place in the mainland.
The Global Macro Pulse
The dollar has softened against the EUR and the JPY and an early sell-off in the AUD has largely reversed. EURUSD is at 1.3738, USDJPY has fallen to 102.20,