Latest Forex Research

Daily Market Technicals

EUR/USD remains heavy after again failing to make any impact on the $1.3159 level. Layers of resistance remain $1.3159-1.3485 with

EUR/USD Analysis

The pair opened at $1.3133 this morning in Asia following a $1.3111 to $1.3134 range overnight.

EuroStoxx50 Technical Analysis

Daily studies at O/B levels remain the key concern for bulls with a close above the 3223.9 July 24 high

GBP/USD Analysis

The pair opened at $1.6615 on Tuesday and after concerns were raised that the Scottish Independent referendum showed a narrowing of the NO votes,

USD/JPY Analysis

The pair opened at Y105.09 this morning, down from the overnight peak of Y105.21 traded during the US hours.

Daily FX Wrap and Strategy

The NZD slid along with most major currencies as the USDrallied broadly overnight,

Aussie Currencies Technicals

Last week’s failure at $0.9374 has seen the aussie close back below the 21-DMA with immediate focus having shifted to

EUR: Weaker

It is clear that the divergence in policy between the euro-zone and the US is becoming wider and

JPY: Weaker vs USD

BOJ action of any kind doesn’t look imminent. The BOJ did downgrade its assessment on exports at its meeting in August but

USDJPY – confluence of targets align b/w 105.44/77

As opined, wave-4 completed at 103.56 and since we have seen prices move towards our “wave-1=5 target at 105.55”.

EURUSD – wave-v of 5 of (3) closing in on 1.3092/78 target cluster

Euro failed to close the gap window and better 1.3242. The rally to 1.3220 was just a bear flag wave-iv consolidation.

Daily FX Update

The most recent round of manufacturing PMI re-leases has provided for a tightened focus on the shifting global growth outlook,