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Asian Currencies Technicals

Aussie closed on a heavy note marginally above last week’s low’s with immediate bearish focus on the $0.9307 initially support. Read more »

The Week Ahead in FX

In the week ahead, market watchers will be focusing on U.S. data on housing and manufacturing activity, while manufacturing data from China will also be closely watched. Read more »

Weekly Economic & Financial Commentary

U.S. Review
Signals of Stronger Economic Growth Return
· Retail sales for March climbed 1.1 percent following an upwardly revised 0.7 percent reading for February, signaling that consumer spending was not as soft as first expected to start the year. Read more »

Daily Market Technicals

EUR/USD failure to keep within the area of resistance at $1.3861-$1.3878 is a concern, with Thursday’s gains reaching $1.3862 before turning back. Read more »

ECB Mersch: Continuation of Euro Rise Would Trigger ECB Reaction

A continuation of the appreciation of the euro would force the European Central Bank to take action to maintain monetary accommodation, ECB Executive Board member Yves Mersch said Thursday. Read more »

USDCAD – > 1.1034 can promote next larger wave up; 1.0960 key supp.

$CAD gave us the reversal back above 1.0911 that signaled a tradable low. The rally so far remains below a longer-term uptrend and the previous 1.1000/1070 consolidation; Read more »

EURUSD – stuck in between 1.3865/3789 Fibonacci retrace zone.

The Euro, having reached the limits of an acceptable correction at the 76.4% Fib, has declined only modestly from the 1.39 level. The decline held above the 50% retrace of April’s rally and Read more »

Daily FX Update

Soft releases from Google and IBM have weighed on markets into the NA long weekend. Accordingly equities are off to a softer start, the U.S. 10year has dropped to 2.63% and the USD is mixed. Read more »

EUR Mid-day Analysis

Just as the Dollar needs stellar data to hold value, the Euro apparently needs next to nothing to catch abid. In fact, the Euro is on the rise this morning because of a slight reduction in Read more »

CHF Mid-day Analysis

Like the Euro, the Swiss has managed to come back into favor even in the face of thin news flows. In thenear term we can’t rule out a temporary rise back above the April highs of 1.1443, Read more »

JPY Mid-day Analysis

A pattern of lower highs remains in place and the path of least resistance in the Yen looks to remain down.However, the rate of decline might be limited by the lack of forward acceleration in the US economy and Read more »

USD Mid-day Analysis

The Dollar comes away from the holiday shortened week with a disappointing track especially whenone considers that US data this week was mostly upbeat. Read more »