Latest Forex Research
Daily Market Technicals
The Bollinger band base appears to be limiting downside follow through but bears remain firmly in control as the EUR/USD hovers precariously above the Nov 2012 monthly low.
Near-Term NZD Outlook Nudged Lower On RBNZ Scorn
Last week, the market was blindsided by a surprise statement from RBNZ Governor Wheeler,
Daily FX Wrap and Strategy
The NZD has been the worst performing currency over thepast 24-hours, losing a further 1.1% relative to the USD.
Aussie Currencies Technicals
AUD/USD continues to work its way closer to the 2014 low with fresh 8 month lows Monday providing bears with comfort.
Technician
EUR/USD: Momentum strongly pro-decline. Euro clearly oversold. From technical point of view, consolidation or correction are likely.
USDJPY – sentiment, divergence supportive of 108.26/109.46 range
Wave-(iv) has been satisfied with a 3-wave choppy range since 9/18.
EURUSD – looking for small 5-wave rally to confirm wave-(v) down is done
From the bear flag high (wave-(iv)), there is now a clear 5-wave decline to 1.2664.
Daily FX Update
Rising concerns on global growth, driven by the Geneva Report, combined with the RBNZ’s confirmation that they have
EUR Mid-day Analysis
Euro zone Consumer Confidence readings overnight combined with a German rail workers strike to
JPY Mid-day Analysis
More technical damage on the charts would seem to leave the downward bias in place in the Yen.
USD Mid-day Analysis
Another new high for the move as a large portion of the world is thought to be mired in slow economic conditions and