Latest Forex Research
FX Majors Trading Strategies
EUR/USD: EURUSD provided a great selling opportunity just above the month-high and has now reversed to yesterday’s open.
Euro area: PMIs lower than expected
Weakness in manufacturing far from over. Services undershoot in Germany.
Norway: GDP growth stronger than expected
Mainland GDP was stronger than expected. Underlying growth was stronger than expected by Norges Bank.
Time to take some profit on EUR/USD shorts
With less than six weeks left until Christmas, our 1.25 year-end target for EUR/USD has already been met.
Commodity ccy’s and the yen continue to weaken.
EURUSD: The market last night, after FOMC, printed a high at 1.2602 before retreating back to
FX Daily
Euro PMIs are due for release and it will be interesting to see whether theimprovement in the financial ZEW expectations is mirrored in the PMIs.
EURUSD – neckline break at 1.2578 needed to resolve bullish base
Regarding the developing head & shoulders bottom, Monday we wrote “once this right shoulder completes,
FI Eye-Opener: Fed on course towards policy normalisation
In China, the flash manufacturing PMI fell to a six-month low of 50.0 in November (from 50.4).
