Latest Forex Research
AUD: Outlook & Forecasts
The AUD has been well supported recently, irrespective of rising risk aversion.
BOE MPC Minutes Preview
With analysts anticipating that the vote at the Bank of England Monetary Policy Committee’s July 9 and
Asian Currencies Technicals
The Sgd1.2446-57 region confirmed its significance as resistance last week with previous highs, the 21-DMA,
Daily FX Wrap and Strategy
The NZD/USD sits a little lower at 0.8660 this morning. The NZD/USD drifted lower during the course of yesterday in the absence of domestic data releases,
Aussie Currencies Technicals
AUD/USD managed a spike above the 21-DMA Tuesday but has so far lacked follow through with the pair closing marginally below the 21-DMA ($0.9396).
Euro Decisively Breaks Below $1.35; For How Long?
The euro decisively broke below the psychological $1.3500 mark Tuesday, with the pair posting a new 2014 low around $1.3459 before stalling.
AUD/NZD Techincal Analysis
AUD/NZD’s bounce from the current July low at 1.0616 has taken it out of its bullish wedge formation to the current July high at 1.0840.
USD/CAD Techincal Analysis
USD/CAD’s is still bouncing off its current July low at 1.0622 which was made within the
NZD/USD Techincal Analysis
NZD/USD’s ascent has come very close to the .8845 2011 peak before failing at the current July high at .8836.
AUD View – BNP Paribas
BNP Paribas thinks that AUD should underperform both CAD and NZD on a relative basis and remains short AUD/CAD.
US: Core consumer prices rise less than expected
The overall trend of inflation remained subdued in June Core consumer prices rose just 0.1% m/m in June, less than expected (0.2%) and
Daily FX Update
Equities have firmed, the US 10‐year appears comfortable close to 2.5% while the USD is mixed.