Latest Forex Research
CHF Mid-day Analysis
As in the Euro, the Swiss was due for some technical short covering but one has to think that the ECB and
JPY Mid-day Analysis
Now that the Yen has partially corrected the technically oversold condition from the late July washout and
USD Mid-day Analysis
The Dollar has found its footing again after the US Non-farm payroll results knocked the Greenback off balance at the end of last week.
CAD Mid-day Analysis
Like the Pound, the Canadian is under pressure because of less than optimistic global economic prospects.
GBP Mid-day Analysis
Diminished hope of a quick rise in interest rates continues to pressure the Pound.
FX Daily Majors
Today’s highlights: EURUSD has found a near-term floor at the 50% retracement barrier at 1.3374,
Daily Technical Report
EUR/USD is bouncing within its underlyingdowntrend. Hourly resistances can be found at1.3444 (28/07/2014 high) and
ECB preview: Draghi unlikely to rock the boat
No new measures or monetary policy signals should be expected from the ECB at the August meeting as the threshold for further near-term easing is very high.
Pound’s pay problem may not go away
Nothing is more important for the Bank of England right now than wages. The unemployment rate has reached the top end of
The Global Macro Pulse
AUDUSD moved up to 0.9324, in line with Friday’s highs, but EURUSD and USDJPY are basically flat at 1.3426 and
Risk aversion pressure stocks & EMs, lifts bonds. EUR/USD up 1.35.
EURUSD: Could recheck the high-1.34s. Last week ended with a potentially bullish ‘Doji’ candle for the period.
USDJPY – small wave-iv triangle implies rally to new high above 103.09
O/n the intraday charts completed a wave-iv triangle and this signals a move to above 103.09 today.