Latest Forex Research
EuroStoxx50 Technical Analysis
Yet another dip below the 21-DMA (3049.1) has resulted in a bounce from ahead of the key 3026.4 support.
GBP/USD Analysis
The pair witnessed a relatively quiet US session tied to a narrow $1.5628-59 range on Monday.
Daily Market Technicals
The sharp correction lower from Monday’s spike above the 21-DMA has reconfirmed the bearish bias and
RBA Board Minutes: Nothing to see here, move along please!
The RBA kept its oft repeated mantra that “the most prudent course was likely to be a period of stability in rates”.
EUR/USD Analysis
The pair traded a $1.2445 to $1.2506 range during the US hours last night before it opened at $1.2450 this morning in the Asia-Pacific.
USD/JPY Analysis
The pair opened at Y116.45 this morning after a Y116.08 to Y116.55 range during the US hours last night.
Asian Currencies Technicals
Bulls have so far been unable to capitalize on the close above the 21-DMA ($0.8733) Friday with the pair correcting lower to
Draghi enjoys the decline of the euro
In reaction to the a series of indicators that confirmed the strengthening of US growth,
USDJPY – waiting for confirmation (<115) that 5-waves up are complete
Because the trend is still clearly up we’ll need to
EURUSD – a break through h&s neckline at 1.2578 projects to 1.2798
Supportive of our call for a rally in Euro is the base building process on the hourly chart.