Latest Forex Research
Daily FX Update
Into the NA open markets are embracing risk with equities higher and a soft USD; however the US 10-year warns as it falls to 2.45%.
EUR Mid-day Analysis
While the 2nd round of sanctions haven’t been fully employed and there is talk of additional sanctions being levied against Russia,
CHF Mid-day Analysis
Like the Euro, the Swiss remains in a down trend pattern on the charts with a fresh lower low and thelowest price since January 31st.
JPY Mid-day Analysis
The Yen is catching some minor lift this morning off a lack of alternatives but also because of supportivecomments from the BOJ overnight.
USD Mid-day Analysis
The Dollar remains within striking distance of its recent highs overnight in the wake of comments from
CAD Mid-day Analysis
The Canadian is showing some initial positive technical action to start today and part ofthat action might be the result of overt weakness in the Euro,
GBP Mid-day Analysis
The Pound remains in a weak downward track on the charts in the wake of suggestions from the BOEthat no rate hike timing is in place.
USD/JPY Technical Analysis
In USD/JPY, Commerzbank notes that, it continues to see a small rebound off the 101.10 55 week ma.
EURUSD Technical Analysis
EUR/USD has seen a minor break into new lows for the year. 2014 low and more importantly closed below the 1.3476 previous low, notes Commerzbank.
BoE minutes: First hike getting closer, but not around the corner yet
BoE minutes showed a unanimous monetary policy decision at the July meeting, but the differing views about the outlook are starting to emerge.
FX Daily Majors
Today’s highlights: EURUSD has finally completed the long-looked for large bear “wedge”, and we target 1.3248, then 1.2755.
EUR/USD bearishly into fresh yearly low
EURUSD: Bearishly into a fresh yearly low. The yearly low was crushed yesterday and pronouncedly so,