Latest Forex Research
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
The Global Macro Pulse
AUDUSD rallied to 0.9432 in response to higher-than-expected trimmed mean inflation in Q2. USDJPY drifted off of its overnight highs to trade at 101.41.
Gold Technical Analysis
The 100-DMA confirmed its significance as initial support Tuesday with gold briefly dipping below before recovering.
FI Eye-Opener: Some easing in Euro-zone deflation threat
German bond yields posted a small rebound yesterday and the curve steepened a bit. The 10-year yield edged higher by 2bp, but remains depressed.
AUD/USD Analysis
Aussie started at $0.9394 this morning following a $0.9380 to $0.9423 range during the US hours last night.
FX Daily
On the data front, the calendar is thin today with minutes from the Bank of England(BoE) July meeting as the main event.
Daily Market Technicals
Fresh 2014 and 8 month lows continued for the EUR/USD this morning with immediate focus having shifted to the $1.3400-21 region
EUR/USD Analysis
The pair posted new 2014 lows near $1.3459 last night in the US before ending below the psychological $1.3500 mark,
EuroStoxx50 Technical Analysis
Dips continue find support ahead of the key 3123.7-3129.1 support region with bears needing a close below
GBP/USD Analysis
The pair closed in NY Tuesday at $1.7063 after recovering off a NY low of $1.7042, extending the move, post London fix, to $1.7067.
USD/JPY Analysis
A generally subdued session for pair this morning although there was some interest in yen crosses earlier.
CPI – QII 2014 – Headline inflation at 3%
The underlying CPI outcomes were a touch above market expectations and are a reminder that not all inflation risksare to the downside.