Latest Forex Research
Daily FX Wrap and Strategy
The NZD was sent sharply lower overnight on broader USDstrength, as well as another dismal dairyauction.
Aussie Currencies Technicals
AUD/USD marginally traded above the previous initial resistance before heading sharply lower and managing a relatively bearish close.
EUR/USD Analysis
EUR/USD has declined below the 1.3400 support level once again this morning, notes BNP Paribas.
Daily FX Update
Soft services PMI in China and Europe have done little to deter risk taking, as equity markets are strong and the U.S. 10‐year yield sits just below 2.5%.
EUR Mid-day Analysis
In a telling reaction, the Euro has remained under pressure overnight despite generally favorable Eurozone retail sales and PMI results.
CHF Mid-day Analysis
The Swiss remains in a downward track on the charts and it failed to show positive action in the face of
JPY Mid-day Analysis
Despite a tight range in the Yen overnight, the currency remains in a pattern of lower highs and
USD Mid-day Analysis
Despite potentially undermining Euro zone economic data overnight the Dollar has remained in anupward track on its charts.
CAD Mid-day Analysis
Residual strength in the Dollar, recovery action in the Pound and hints of a US/Canadian trade flap would seem to
USD: Are We There Yet?
In regards to the US economy the message after the July round of data is clear: gradual progress in the strength of the economic recovery persists.
Daily Technical Report
EUR/USD is bouncing within its underlyingdowntrend. Monitor the hourly resistance at1.3444 (28/07/2014 high).