Fundamental Analysis

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    March 06 2013 1:21 PM

    USD is broadly stronger ahead of three central bank meetings: BoE, BoJ and ECB - EUR fell against the USD on debates the ECB may hint at a future loosening policy - Commodity currencies benefited from improved risk appetite as the Dow average hit new heights

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZDDaily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    March 05 2013 1:13 PM

    USD is broadly stronger as the DOW reached its highest levels since 2007 - EUR flattened against the USD on better Eurozone economic data - Commodity currencies strengthened amid positive growth numbers abroad

  • Weekly Summary on USD, EUR, JPY, GBP, AUD, CAD and RMBWeekly Summary on USD, EUR, JPY, GBP, AUD, CAD and RMB

    March 04 2013 1:39 PM

    The US dollar is broadly stronger across most major currencies after the White House cited the continuing resolution (CR) of government funding for the sequestration that is set to expire on March 27. The CR will give the Government more time for a further budget evaluation, into which could result into a more carefully targeted deficit reduction plan. President Obama, for the first time this weekend, proposed possible areas to be trimmed, citing that reform to Social Security and Medicare as suggestions for how to navigate out of the sequestration. Despite the indecisions of the White House to finalize government spending cuts, the dollar looks to hold within its higher ranges on the Fed’s continued support over quantitative easing. In domestic news, the ISM purchasing manager index in New York reported a drop of 7.1% in February from the previous month. Today’s decrease in the ISM suggests a slowing pace of manufacturing and nonmanufacturing business activity in the New York area. For the week, both unemployment and Non‐farm Payrolls data are due this Friday with expectations of 7.9% and +160K respectively.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZDDaily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    March 01 2013 1:49 PM

    USD stronger against most major currencies - EUR at a year-low after release of weak economic data - JPY uncertainty remains as new BoJ board transitions in

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZDDaily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    February 28 2013 12:33 PM

    USD stronger on GDP and unemployment figures - EUR lower on weak CPI data - Commodity Currencies mixed despite stronger data out of Canada

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZDDaily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    February 27 2013 2:47 PM

    - USD weakened despite strong data - EUR is supported by strong bond auction - Commodity Currencies lower on weaker data

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    February 26 2013 1:29 PM

    USD is stronger on bullish consumer confidence - EUR is weaker on stalemate in Italian Election - Commodity Currencies weaker with lower oil prices

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZDDaily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    February 25 2013 1:25 PM

    This week’s focus is mainly centered on politics and central banks. It appears unlikely that there will be agreements for a compromise on the sequester budget cuts by the March 1 deadline, which will weigh on the US growth outlook. Domestically, the ISM index climbed last month, as the index went up by 2.9. Following the large rise, the ISM may move sideways for some time, as recent tax increases begin to dampen demand and take some pace out of the US recovery.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZDDaily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    February 22 2013 1:01 PM

    USD is stronger after disappointing repayment to ECB. EUR is weaker ahead of Italian elections Commodity Currencies mixed amid weak CAD data

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZDDaily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    February 20 2013 12:49 PM

    USD is mixed after housing starts and PPI - JPY is stronger on resolve for further easing - Commodity Currencies lower on weak data

  • Weekly Summary on USD, EUR, JPY, GBP, AUD, CAD and RMBWeekly Summary on USD, EUR, JPY, GBP, AUD, CAD and RMB

    February 19 2013 1:25 PM

    The US dollar is stronger against most major currencies despite little major data due today and meager data from the home building sector. US home‐builder confidence for single family homes eased slightly in February from last month's seven‐year high. However, the dollar holds solid as consumers were a bit more upbeat early this month, even as they paid more for gasoline and saw an increase in taxes. In further support for the greenback was production data in November and December which were much stronger than expected. In addition, the "Empire State" general business conditions index rose to 10.0 from ‐7.8 the month before. February's index showed the first growth in the sector since July and the best performance since May 2012. The rebound was driven by new orders, which hit their highest level since May 2011. As headline data remains limited this week, the market will extend its focus to tomorrow's FOMC minutes.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    February 14 2013 12:20 PM

    USD is higher on better unemployment figures - GBP tumbles on bearish outlook - Commodity Currencies higher on strong data

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZDDaily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    February 13 2013 1:35 PM

    USD is higher on retail sales - EUR and GBP lower on new G-7 statement - Commodity Currencies mixed on data

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    February 12 2013 12:18 PM

    USD is mixed after G-7 addresses currency wars - JPY weakens after G-7 and Outlook - Commodity Currencies lower on weak data

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZDDaily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    February 08 2013 1:58 PM

    USD is mixed after trade balance figures - EUR stabilizes after market digests Draghi’s comments - AUD held ground after strong Chinese exports

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    February 07 2013 2:27 PM

    USD gains ground on technical moves after the European Central Bank meetings - Yen continues to be pressured at a 33 month low - Commodity currencies lower on economic data

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZDDaily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    February 06 2013 1:53 PM

    USD is higher head of ECB and BOE meetings. - EUR is weaker as rates remain unchanged. - Commodity currencies weak against the USD due to weak economic data in Canada and Australia.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZDDaily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    February 05 2013 12:38 PM

    USD is broadly lower against most major currency on better Eurozone data - EUR is stronger as PMI data came in better-than-expected - JPY weakened further after BoJ Governor announced an early departure from office

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZDDaily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    February 01 2013 2:05 PM

    USD tumbles to a 14-month low against the Euro. - Eurozone PMI data stronger than expected in January. - Commodity currencies lower against the dollar after the release of stronger US domestic data.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZDDaily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    January 31 2013 1:53 PM

    Market awaits tomorrow’s U.S. jobs data, expecting higher numbers in non-farm payrolls - Euro holds just below key psychological level of 1.36 - Commodity currencies push higher with strong economic backdrop