Latest Forex Research

GBP Mid-day Analysis

Of all the currencies, the Pound looks to have the best fundamental headline flow to start the new trading week.

CZK and PLN jittery ahead of CB meetings Polish PMI returns above 50 points While the forint was barely changed on Friday,

EUR/USD: was rather wild for a change in Asia but has since reversed to trade only 25 pips lower than Friday’s close into the European open.

The PMI for the manufacturing industry declined in line with expectations in October.

EURUSD: Following the recheck and validation of the neckline breakthe market continued its descent down to

A very busy week ahead with PMIs/ISM today, mid-term election in the US onTuesday, ECB meeting on Thursday and US non-farm on Friday.

German bond yields ended the day slightly down on Friday and the curve steepened some (10-year yield down by some half a bp),

The sharp sell-off last week that culminated in break of the key $1180.2-1182.4 resistance region

The pair closed in NY Friday at $1.5995 after rate had managed to recover off NY session lows of $1.5943 to

Despite yet another dip below the $80.00 level Z14 was unable to manage a close below on Friday.

The close above the 3062.0 level Friday confirmed bullish pressure with immediate focus having shifted to

Fresh 2014 and 2 year lows reconfirmed bearish pressure last week with overall focus having shifted to the $1.2042 2012 low.