Latest Forex Research
JPY Mid-day Analysis
A fresh downside breakout overnight rekindles expectations of a resumption of the downtrend pattern.
USD Mid-day Analysis
The Dollar starts out higher today and within striking distance of the old high.
CAD Mid-day Analysis
Like the Pound, the Canadian is deriving some spillover lift from overt weakness in the Yen,
GBP Mid-day Analysis
The Pound is drafting some support from overt weakness in the Euro, Swiss and Yen.
FX Daily Majors
Today’s highlights: EURGBP appears to be forming a bearish “symmetrical triangle” continuation pattern.
FX Majors Trading Strategies
USD/JPY: With nothing new from the BoJ, we want to go along with risk and
$ remains bid and especially so USD/PLN
EURUSD: The move below 1.2321/16 has put further pressure on the pair
EURUSD – 3-wave rally leads to new 5-wave decline; target 1.2227
The thrust out of the triangle was short-lived and failed well below our minimum 1.27 target.
USDJPY – 5-wave rally targeting 120.35/45; next key is 119.10
With an A-B-C decline complete the path of least resistance is now higher for $JPY.
FI Eye Opener: Up
Yesterday was a day of recovery for the rouble but we expect volatility to remain high.