Latest Forex Research

Norway: Stronger than expected labour market

With NOK much weaker than expected and unemployment decreasing a rate cut is very far away.

EUR/USD is in an underlying downtrend.However, the last two days have displayed largelower shadows,

G10 FX has traded sideways. USDJPY is at 102.89, EURUSD is trading 1.3388, and AUDUSD is flat to its Asian open at 0.9295.

We expect today’s jobs and ISM reports to show continued solid improvement. All eyes on average hourly earnings.

EURUSD: Correction higher consolidation. The 1.3375-50 target/support zone still attracts some buying.

Bond yields tried to rise yesterday on the back of a report showing wage pressures picking up in the US (see more below),

The move lower continued Thursday with the close below the 200-DMA ($1285.1) the first since the sharp break above in late June.

The US employment report and ISM manufacturing will wrap up a busy week.

EUR/USD again found support Thursday ahead of the 100-WMA with s close below last seen in July 2013.

The pair traded a $1.3371 to $1.3399 range overnight in the US but failed to make progress beyond $1.3400.

Recent sideways trading resulted in a triangle forming on the dailies with

The pair closed in NY Thursday at $1.6887 after rate had managed to recover off extended lows of $1.6857