Latest Forex Research
EuroStoxx50 Technical Analysis
The recovery from ahead of the 21-DMA continued Thursday with Stoxx50 making its first foray into
AUD/USD Analysis
The pair drifting lower into the European session after mostly regaining the important $0.8545 50% Fibonacci level,
EUR/USD Analysis
The pair opened this morning at $1.2375 after it crumbled to a $1.2364 low during the US/European session overnight following comments from
Daily FX Wrap and Strategy
The NZD has seen a whippy 24 hours, but overall has sunkin line with the majors against the USD.
ECB: Draghi about to move into the super mode again
Draghi dropped plenty of hints that the Governing Council was preparing for more easing.
EURGBP – double bottom breakout projects gains to .7912/26
We are viewing the late September low in the cross as a significant wave-5 low that ended the 5 wave decline from .88 in 2013.
EURUSD – expecting a wave-(b) or 5 low near 1.24/25 this/next week.
The 1.2500 level has contained the latest push lower after first yielding but the larger downtrends are still all pointing down.
BoE: No actions taken
As expected the Bank of England (BoE) maintains the repo rate unchanged at 0.5% and
EUR Mid-day Analysis
As usual the ECB has indicated they will “wait” for recent stimulus to “sink in” and
CHF Mid-day Analysis
The Swiss remains in a downtrend pattern on its charts. Reports that the ECB is going to
