Latest Forex Research

Daily FX Update

Markets are still digesting yesterday’s Fed release, with equities stronger, the US 10year at 2.61 and the USD mixed leading into the open.

Evidence of stimulus action from the ECB leaves the Euro in a downward trajectory especially in the

Sluggish export data, global slowing fears and an entrenched up trend in the Dollar leave the Swiss

Like the rest of the non-Dollar currencies, the Yen remains entrenched in a downward motion on the charts.

The Dollar forged yet another new high for the move overnight as the news of an on-hold Fed was clearly

The overall environment for the Canadian is negative as the outlook for Chinese growth isinjured,

The Pound has forged a short covering bounce of roughly 250 points because of ideas that there might be a “no vote” on independence.

No change in rates from Norges Bank. No more chance of a cut short term

Only words, no action, as expected. CHF clearly overvalued.

EUR/USD has failed to break the hourlyresistance at 1.2988 (05/09/2014 high).

Today’s highlights: USDJPY has surged higher and we stay bullish for 109.31, ahead of 110.67/111.60.

EURUSD bounced off overnight lows to trade at 1.2867, AUDUSD similarly stabilized at 0.8966 while USDJPY is at 108.62.