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FX Daily

Another quiet day on the data front. Only number of interest will be US existing homesales, which is expected to have stabilised over the summer.

German bond yields ended the day slightly lower yesterday, but above their intra-day lows.

The bounce to start the new week sees pressure having shifted back to layers of resistance

The pair closed in NY Monday at $0.8782 after having traded a $0.8744 to $0.8801 range to start the new week.

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

The pair closed in NY Monday at $1.6163 as rate drifted back from intraday highs of $1.6179, seen in the US afternoon, post London fix.

The pair started this morning’s session at $1.2800, after marking a $1.2755 to $1.2817 range last night in the US.

Bulls were unable to capitalize of Thursday and Friday’s bounces with initial resistance now noted at 2966.2.

The recent hesitation at the $1.2845 level is a concern with bulls needing a close above to add support to the case for

The pair traded a Y106.78 to Y107.01 range during the NY session last night before closing just below the high at Y106.95.

The NZD has been the strongest performer amongst itspeers over the past 24-hours,

EUR/USD: Momentum pro-decline. Room for continuation of correction seems limited.