Latest Forex Research

USDCAD – triple RSI divergence implies wave-(4) pullback to 1.0850’

The only sign of a pullback in $CAD is the triple RSI divergence on the hourly chart; this divergence has surfaced right at

Following plenty of releases last week, we are heading for a quieter week on theglobal agenda.

Core bonds rallied on Friday, as there were no real signs of wage pressures in the US (see more below), while curves mostly bull-flattened.

The pair closed in NY Friday at $1.6821 after rate had seen extended lows of $1.6812 following the release of weaker than forecast UK mfg PMI data,

The pair closed in NY Friday at $1.3427, off recovery highs of $1.3445 seen after the release of US NFP and earnings data,

After finding support ahead of the 100-DMA last week the EUR/USD bounced to marginally trade above the previous $1.3444 resistance.

Thursday’s close below the 200-DMA resulted in further sharp losses and

The pair started the week at Y102.53 in Asia having traded a NY range of Y102.34-Y103.03,

Very little action on the Aussie today with the currency slightly stronger across the board, and holding on to a 8bp gain as Europe awakes,

Leveraged funds turned net long in USD for the first time since mid-June ahead of the nonfarm payrolls release.

Attention turns to the labour market this week. While we expect Wednesday’s trio of labour market reports to

NZD/USD Outlook: Neutral this week We retain a negative medium term bias toward NZD/USD,