Latest Forex Research

GBP/USD Analysis

The pair closed in NY Monday at $1.6360 as rate continued to recover off Friday’s closing lows around $1.6285,

Stoxx50 failed to capitalize on Fridays gains with it dipping a little to start the new week.

It’s been a thin market for the JPY with markets in Japan closed today for the Autumn Equinox holiday.

Friday’s bearish close saw fresh 2014 lows to start the new week with bears firmly focused on the 2013 low at $1.2745.

The NZD drifted lower with its commodity-linked brethren(AUD and CAD) overnight, before staging a recovery earlythis morning.

AUD/USD continues to work its way towards the 2014 low with fresh 6 month lows yet again Monday.

The Bank of Canada outlined a position Monday that says its economystimulating policy interest rate

European Central Bank President Mario Draghi warned Monday that growth and

EUR/USD: Momentum strongly pro-decline. Euro clearly oversold. From technical point of view, consolidation should continue for some time.

With little natural resistance above, the next upside level of interest is the measured move target at 109.96;

The first signal that wave-3 (1.37-1.2826) is complete is a rally through 1.2925 followed by 1.2995.

The Non-reportable Net Short position in the Euro has hit a new record level at 53,777 contracts and