Latest Forex Research
We Stay USD Long
US front-end yields remained firm on Tuesday, despite a modest setback for equities as new US sanctions on Russia were announced, notes BNP Paribas.
Learning from past FOMC & NFP reactions
Since 2013, FOMC meetings without a press conference have been associated with absolute daily percentage changes in EUR/USD and
The Global Macro Pulse
EURUSD is steady at 1.3409 after its fall in late NYC trading, AUDUSD is similarly flat at 0.9382, and USDJPY is 102.09.
Strong Dollar & strong German bond market, scandies & kiwi weaker
EURUSD: Should extend losses below 1.34. There is nothing in the dailies nor in the intradailies indicating that buyers are about to grab the initiative.
USDCAD – 5-wave rally target 1.0830/60 near-term
The rally of the critical ~1.06 support zone is impulsive and we’ve laid out the confluence of support in the
GBPUSD – the initial 5 wave decline is targeting 1.6914/6872
Because Sterling is tracing a 5-wave decline from THE high, we expect that (post a correction)
Gold Technical Analysis
Tuesday’s rally fell short of the 21-DMA before correcting lower and closing the day back below the 100-DMA
FI Eye-Opener: Bulls still see red
The bond market sentiment certainly continues to be strong amidst all the geopolitical uncertainty.
FX Daily
Main event will be the FOMC statement tonight (no press conference or newprojections at this meeting).
Daily Market Technicals
EUR/USD is hovering precariously above the $1.3390-00 region as it consolidates Tuesday’s break below the 200-WMA ($1.3419),