Latest Forex Research

FX Daily Majors

Today’s highlights: USDCAD’s break above 1.1468/77 keeps the immediate trend higher to

EUR/USD: We still see more downside potential but need to

EUR/USD is bouncing after having posted new lows.

The final rate decision this year in Norway takes place on Dec 11th,

AUDUSD has underperformed, dropping to 0.8234 in the wake of a weak NAB business survey and

EUR/USD in limbo between bullish price action and short-term trend-following tools pointing lower.

Another quiet day on the data front today. Germany releases trade balance and wage costs this morning.

German bond yields plummeted again yesterday and the curve bull-flattened on the back of

Friday’s sell-off found support at the 21-DMA ($1189.1) with gold bouncing from ahead

The falling daily channel base at $61.31 remains the initial focus for bears with a close below

Friday we projected a target of 1.5540 to complete wave-C of (b) of an expanded flat correction.

The Euro has been wedging lower since October and the wedge target is 1.2235;