Latest Forex Research
The Global Macro Pulse
The yen couldn’t sustain early gains after a smaller-than-expected decline in Q2 GDP and is now flat on the day at 102.29 to the dollar.
USDJPY – s/t price action implies test/break of 101.50
Yesterday’s call for a bull flag rally on the hourly chart did see a resolution higher to 102.36 (well short of the 102.50 target).
FI Eye Opener: Germans happy to be worried
Bond yields still at rock bottom. Japanese GDP down in line with expectations. US retail sales today. Bond supply from Germany and US.
FX Daily
Focus will remain on uncertainty related to the situation in Ukraine. In terms of data releases the main event is US retail sales for July,
Gold Technical Analysis
The lack of follow through on rallies remains a concern for bulls but bears continue to
AUD/USD Analysis
Aussie closed in NY Tuesday at $0.9268 dipping from the highs in the last hour of trading after a $0.9247-77 range on the day.
Daily Market Technicals
Recent topside failures ahead of the key $1.3445 resistance level have kept bearish hopes alive.
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6813 after rate had extended its recovery, off early Europe lows of $1.6757, through the US session to a high of $1.6817.
EUR/USD Analysis
The pair started at $1.3369 this morning in Asia, following a $1.3340 to $1.3370 range during the US hours overnight.
EuroStoxx50 Technical Analysis
Despite O/S daily studies remaining at O/S levels Stoxx50 is struggling to regain lost ground with
USD/JPY Analysis
The pair flirted with the 200-day moving average (Y102.34 today) on Tuesday before closing marginally below in New York at Y102.26.
Daily FX Wrap and Strategy
The NZD/USD tested 0.8400 yesterday, but has sincerebounded to 0.8440, down 0.2% for the day.