Latest Forex Research
GBP Mid-day Analysis
The Pound appears to have found near-term support just above the 1.6950 level but in spite of comparatively good UK economic data,
Central European Daily
Rising geopolitical tension have left CEE currencies intact The CEE currencies ended the last week relatively unchanged,
Daily Technical Report
EUR/USD has broken the key support areadefined by 1.3503 (see also the long-term risingtrendline from the July 2012 low) and 1.3477(03/02/2014 low), confirming an underlyingdowntrend.
EUR/USD Analysis
This week the focal point for the EUR is the July flash eurozone CPI print on Thursday, notes BNP Paribas.
The Global Macro Pulse
Asian currencies were range bound with few domestic data to dictate direction. KRW initially strengthened 0.3% before retracing gains.
USD/JPY Technical Analysis
In USD/JPY, Commerzbank notes that the rebound last week from its 101.16 55 week m.a took it to cloud resistance on the daily chart, where the move halted.
EUR/USD Technical Analysis
EUR/USD came under pressure all last week – the 2012- 2014 uptrend has given way and the market has sold off to the 1.3424 200 week ma, notes Commerzbank.
FI Eye-Opener: Prepare for a big week
Bonds rallied on both sides of the Atlantic on Friday, and curves bull-flattened. The German 10-year yield fell by some 3bp back to
Gold Technical Analysis
Spot gold recovered some lost ground to end last week with it having bounced from just short of the 200-DMA.
FX Daily
Silence before the storm today as there are no big key figures in an otherwise verybusy week. Only release of interest is US pending home sales,
Daily Market Technicals
Fresh 2014 and 8 month lows continued for the euro Friday before the EUR/USD found support at the key 200-WMA with a weekly close below not seen since Sept 2013.
GBP/USD Analysis
The pair closed in NY Friday at $1.6975 after rate had seen react highs of $1.6992 following the release of in line Q2 GDP data.