Latest Forex Research

The Global Macro Pulse

The USD and JPY strengthened initially but have since lost ground.

EUR/USD’s recent bounce is likely over. As aresult, a full retracement towards the key supportat 1.2501 is favoured.

EURUSD: The pair initially fell down between the 1.2625 and 1.2605support points before

Kiwi has tested and failed at .8020/50 which was the old breakdown level and a large 38.2% retracement.

A quiet day on the data front. German consumer confidence released at 08:00 isexpected to

Bond yields jumped and curves steepened on the back of an upward surprise in Euro-area PMIs and rallying US equities,

The recovery from ahead of the $1180.2-1182.4 region resulted in the first pop above the 55-DMA ($1249.4)

The $84.08 resistance level remains key this week with bulls needing a close above to

The pairclosed in NY at $0.8760 after having again largely traded sideways, this time within a $0.8749-0.8806 range on the day.

The pair started in Asia at $1.2646 after it had traded a high of $1.2676 in overnight dealings,

The pair closed in NY Thursday at $1.6031 after rate had managed to recover off UK retail sales react lows of $1.5995 to

Stoxx50 continues to recover lost ground with immediate focus having shifted to the 21-DMA.