Latest Forex Research

FI Eye-Opener: Yields can move both ways

Especially US bonds took a beating yesterday after better-than-expected GDP numbers (see more below).

Pressure on the $1.3390-00 region resulted in fresh 2014 and 8 month lows before the pair bounced a little from ahead of the 100-WMA.

USD/CAD continued to see a rapid rally higher, which has now eroded the 4 month downtrend,

The pair fell to a new 2014 low of $1.3367 in overnight dealings following the US GDP data and started the session today at $1.3397.

NZD/USD: NZD/USD has sold off aggressively and the market has already reached its initial target of .8517/01 (late March and April lows).

AUD/USD is under pressure in its range, the intraday Elliott counts are neutral to negative and

Stoxx50 continues to trade sideways within a broad 3129.1-3223.9 range.

The pair closed in NY Wednesday at $1.6913 after rate recovered off lows of $1.6890.

The pair ran up to a Y103.15 high last night in the US in the wake of the US GDP data and the FOMC decision,

Online retail showed further encouraging signs of growth in June, to be 0.9% higher compared to May.

The NZD was whipsawed by a strong US GDP number anda mixed FOMC statement, but remains slightly weakeragainst the USD at 0.8490.

Fresh 2 month lows for the aussie Wednesday and the first dip below the 100-DMA since late March sees focus shift lower to