Latest Forex Research
Trade Deficit Trend Underway
It’s usual for New Zealand’s trade balance to weaken post the June quarter, as rural production passes its peak.
Daily FX Wrap and Strategy
The NZD was the weakest performing currency at the startof the week, now sitting 0.7% lower relative to the USD, at0.8350.
Aussie Currencies Technicals
AUD/USD continues to oscillate around the 21-DMA ($0.9313) with rallies stalling ahead of the $0.9344-74 resistance region.
Yellen’s “Polarization” A New, More Ominous Jobs Factor
Buried deep within Federal Reserve Chairman Janet Yellen’s cloud of possible outcomes for
Last Week of August, Time For Vacationing & FX Positioning
The last week of August is usually known for thin market conditions and lackluster trading as the movers and
USDJPY – wave-4 or (4) this week can see modest corrective pullback
All resistance containing the 7-month triangle/consolidation in $yen was broken via the rallies through 103.09 & 104.13.
EURUSD – need above 1.3242 to consider wave-5 of (3) complete
The bear triangle resolved lower as expected. Since the triangle is considered wave-4 of (3),
Daily FX Update
The USD is strong, but most importantly the EUR is weak, having dropped to a fresh 11‐month low on
EUR Mid-day Analysis
With a quasi-gap lower trade seen overnight it is clear that the promise of easing from the head of theECB last week has left the Euro under pressure.
CHF Mid-day Analysis
Like the Euro, the Swiss remains under the threat of deflationary fears, from geopolitical angst flowing from the Ukraine and
JPY Mid-day Analysis
With a fresh new low for the move overnight the Yen violated a some what critical chart point of 96.00 but