Trial now

(Z1) Off Lows, But Remains Weak


Still Vulnerable


Bullish Price Sequence

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • The greenback traded poorly Thursday, falling against most others in G10 as a lower, flatter yield curve drained recent greenback strength. The USD index showed below the 94.00 handle, but managed to recoup some of the lost ground just after the London close.
  • JPY resumed recent weakness, underperforming all others as both equity markets and treasuries surged. USD/JPY traded either side of the 113.50 level, not quite touching the week's cycle highs of 113.80, but clearly signalling that another test of the highs is within range.
  • Growth proxies and commodity-tied currencies extended Wednesday's outperformance, with NZD and CAD trading solidly throughout. NZD/USD traded at a new October high, topping the 50- and 100-dmas in the process at 0.7003 and 0.7026 respectively.
  • US retail sales data for September crosses on Friday, with import/export price numbers also due. UMich data is prelim for October, so could also draw focus. Fed's Bullard, Harker and Williams are also due to speak.