Latest Forex Research

Daily Technical Report

EUR/USD has broken the strong support at1.2755 and is now testing the other one at1.2662.

Both the speed and the size of the move in the USD have surprised us over the past month.

EUR/USD over 1.2715\25 would target at least 1.2656\65, but not if losing 1.2678 again…

German retail sales and French consumer spending figures are due for release thismorning.

Core bonds rallied again yesterday, especially in the US, while German bonds had to settle with only minor gains.

The $1242.7 level remains key resistance with bulls needing a close above to confirm an easing of bearish pressure.

The pair closed in NY at $0.8719 last night after having traded a $0.8683 to $0.8760 range on the day.

The break and close above the previous $94.12 resistance level has confirmed a break of the long term

The pair closed in NY Monday at $1.6241 after rate had managed to recover off its European morning lows

The pair started this morning’s session at $1.2685 today after coming off last night’s$1.2715 NY session high and

After having recently flirted with the 100-DMA (3198.0) Stoxx50 managed a close below Monday

The Japanese yen started at Y109.44 vs the US dollar this morning while