Latest Forex Research
GBP/USD Analysis
The pair closed in NY Monday at $1.6863, after rate recovered off an intraday low of $1.6814 (remaining buoyed above recent low at $1.6812 and
EUR/USD Analysis
The pair opened at $1.3422, just off last night’s US high of $1.3425, but has since failed to make further headway,
EuroStoxx50 Technical Analysis
Following Friday’s sharp fall Stoxx50 made minor fresh 5 month lows Monday as it continued to oscillate around the Bollinger band base.
Trade Balance – June 2014
The June trade deficit at $1.683bn came in more narrow than the market had been expecting.
Financial Markets Wrap – July: A Justified Jolt Lower
USD strengthened over July as data continues to print strongly, and Yellen acknowledges risk of earlier rate rises.
Daily FX Wrap and Strategy
The NZD/USD sits fractionally higher this morning, at 0.8520. The release of the ANZ commodity price index passed almost without notice from
Aussie Currencies Technicals
Layers of resistance are noted in the $0.9338-0.9426 region including 55 & 21-DMAs with bulls needing a close above the $0.9426 level this week to
NY Fed Paper: Monetary policy relative to more targeted policies remains
A staff report from the New York Federal Reserve Bank makes the case for using monetary policy to
Technician
EUR/USD: Momentum strongly pro-decline, but euro also clearly oversold. Hint of beginning of correction. Return to 1.3488 level seems likely.
EUR Mid-day Analysis
The Euro temporarily benefited from the some what disappointing US Non-farm payroll results at the endof last week.