Latest Forex Research
USD/JPY Analysis
The pair opened at Y102.79 this morning, after a Y102.73 to Y103.01 range during the US hours last night.
Daily FX Wrap and Strategy
The NZD maintained its station in and around the 0.8500figure over the past 24 hours, keeping a tight range.
Aussie Currencies Technicals
Fresh 2 month lows continued Thursday as the AUD/USD managed the first close below the 100-DMA since mid-March.
GBPUSD – the initial 5 wave decline is targeting 1.6914/6872
Because Sterling is tracing a 5-wave decline from THE high,
USDJPY – above 102.80 signals major bull triangle breakout
By breaking 102.80, the bull triangle base case is now front and center and the alternate breakdown case has been negated.
EURUSD – next key daily target zone is just below 1.33
The downtrend in Euro shows no signs of a reversal, a basing pattern or waning momentum.
EUR Mid-day Analysis
In spite of today’s major Euro zone data points, the Euro has also stayed within a very tight trading rang egoing into this morning’s session.
CHF Mid-day Analysis
The Swiss was able to climb back above the key 1.1000 level late Wednesday and hold there this morning,
JPY Mid-day Analysis
The Yen has found its footing after Wednesday’s sharp slide, but for the moment is showing few signs of
USD Mid-day Analysis
The Dollar has consolidated recent gains within a tight trading range this morning as the market has already put Wednesday’s critical events in its rear-view mirror.