Latest Forex Research

EURUSD – wave-5 still targeting 1.3320/00 to complete impulsive decline

The impulsive decline from 1.37 still suggests a sell-off towards 1.3320/00 to complete 5-waves down.

Gold managed the first close below the 200-DMA last week since the sharp move higher mid-June with

German bond yields headed higher yesterday, with the 10-year yield rising by 3bp.

German factory orders are expected to rebound in June after a decline of 1.7% m/min May.

Following recent failures at the key $1.3445 resistance level the EUR/USD resumed its move lower Tuesday with fresh 2014 and

Aussie started this morning at $0.9305, and early attention was on the New Zealand jobs data.

The pair opened in Asia this morning at $1.3376 after last night’s $1.3358 to $1.3392 range during the US trading hours.

Stoxx50 made minor fresh 5 month lows Tuesday as it consolidated at the lower end

JPY had a quiet morning today in the Asia-Pacific, opening at Y102.60 vs the dlr and Y137.23 against the euro.

The pair closed in NY Tuesday at $1.6884 after rate had recovered through the NY session off a pullback low of $1.6850 to $1.6887.

Dallas Federal Reserve Bank President Richard Fisher said Tuesday he is comfortable with the direction of

The New Zealand labour market continues to tighten reflecting the strength of the economy.