Latest Forex Research
FI Eye Opener: Who needs rate hikes anyway
Bond yields fell both in Europe and the US as economic indicators failed to rise to the occasion.
AUD/USD Analysis
Aussie closed in NY Wednesday at $0.9303 after having traded a $0.9263-0.9320 range.
Daily Market Technicals
Recent topside failures ahead of $1.3445 resistance have kept bearish hopes alive. $1.3333 further confirmed its
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6691 as rate held just off session lows of $1.6685 after the pound was sold off across the board following the dovish BOE QIR released late in the European morning.
EUR/USD Analysis
The pair traded a $1.3355 to $1.3416 range during the US hours last night and then opens at $1.3364 this morning.
EuroStoxx50 Technical Analysis
Pressure has returned to initial resistance as daily studies begin to correct from O/S levels.
Economy Watch – Spending Up Large!
Those looking for evidence of weakness in the economy would have been sorely disappointed by today’s release which was stronger than market expectations and
USD/JPY Analysis
The pair finally managed a close above the 200-day moving average (Y102.36) last night, with the pair also spiking above the previous Y102.46 resistance level.
Daily FX Wrap and Strategy
Much of the same from the NZD yesterday, with anotherlook at support rejected around 0.8420.
Aussie Currencies Technicals
O/S daily studies have finally had an impact with the rally Wednesday and possible close above confirming an easing of bearish pressure.
EURJPY – long-term trendline and major pivots create strong support
The weekly chart highlights a key support here at ~136. The uptrend line from 2012 and
EURUSD – 1 point corrective range forming between 1.3333/3433
The correction of the 1.37-1.33 decline is still unfolding and appears to have completed waves-a & b.