Latest Forex Research
ECB preview: Buy what, how much and how fast?
From the ECB policy meeting next Thursday, we expect more details on the ABS and covered bond purchase programmes but
The Global Macro Pulse
US: Q2 GDP (T), Consumer Sentiment: We expect second quarter growth will be revised up to 4.6% from the current 4.2% reading,
A lurking $ reaction. Bond buyers has returned
EURUSD: The break, however non sustained, below 1.2740 was a veryimportant message
FI Eye-Opener: Some volatility
Bonds rallied and equities took a beating yesterday on the back of geopolitical concerns, while curves bull-flattened.
Gold Technical Analysis
The $1242.7 level remains key resistance with bulls needing a close above to
EURUSD – still tracing 5-wave decline from 1.29; next support is 1.2635
Yesterday we wrote that “the right divergences are in place for a bottom to form in Euro but still in need of
USDJPY – small wave-4 consolidation still underway, then 110
The call for a wave-4 still stands but there is a case for a more shallow correction (a flat or triangle).
USDCAD – wave-1 of (3) completing; look for fresh long exposure on dip
The breakout above 1.1050 promoted the case from more upside.