Latest Forex Research

EUR/USD Analysis

The pair traded in a $1.2419 to $1.2496 range during the US session last night before it closed at $1.2421.

The pair opened at Y114.83 this morning after peaking at Y114.92 during the US hours overnight,

Recent monthly economic indicators and business surveys show continued moderate global economic growth

Business conditions rose by 12 points to +13 in October, the largest monthly increase in the history of the survey.

It has been a relatively quiet 24-hours of trading for the NZD/USD.

EUR/USD: Momentum clearly pro-decline. Further pressure on 1.25 level likely, breakthrough possible.

Thursday we wrote that we were “expecting a wave-(b) or 5 low near 1.24/25 this/next week”.

Risk aversion has been dampened, equities are strong, the U.S. 10year is stable at 2.29% and the USD is soft.

After seeing the non-reportable positioning in the Euro hit a fresh all-time record short reading it wasn’t surprising to

Like the Euro and Yen, the Swiss is temporarily benefiting from slightly disappointing US non-farm payroll result.

A normal retracement of the last month slide in the Yen could allow for a recovery 89.79 but

While the Dollar was knocked back from its recent highs in the wake of discouraging monthly payroll results