Latest Forex Research
GBP/USD Analysis
The pair closed Friday at $1.7088 after rate had recovered off pressured lows of $1.7037(US bank fix sales 1300GMT) before correcting to $1.7094 ahead of the close.
Leveraged Funds Positioning Data
The USD was sold almost across the board in the week ending 15 July by leveraged funds.
EUR/USD Analysis
The pair crumbled below $1.3500 on Friday in the US for the first time since early February and traded a low of $1.3491 before opening at $1.3528 this morning in Asia.
EuroStoxx50 Technical Analysis
The dip below 3150.6 gave bears hope to end the week but the bounce from ahead of the key
USD/JPY Analysis
A holiday in Japan today made for a quiet session in yen pairs. Dollar-yen opened at Y101.37 while euro-yen started at Y137.09 this morning.
Markets Outlook – OCR Hike a Case of Risk Management
If this Thursday’s OCR decision was down to just the marginal economic information then there would be some rationale for the Reserve Bank holding fire,
Australian Markets Weekly – Q2 CPI won’t be a trigger for the RBA
The quarterly inflation print is the most important statistic for financial markets in Australia.
Weekly Commentary
The big news of last week was an 8.9% fall in theGlobalDairyTrade auction price, after a 5% drop a fortnightpreviously.
Asian Currencies Technicals
The Sgd1.2446-66 region confirmed its significance as resistance last week with previous highs, the 21-DMA,
Daily FX Wrap and Strategy
The NZD/USD sat a fraction lower at week end, at 0.8690,having traded a fairly tight range on Friday.
Aussie Currencies Technicals
The $0.9322 support confirmed its significance last with the AUD/USD having bounced from ahead of this level on Wednesday and Friday.