Latest Forex Research

EUR/USD Analysis

Latest EUR weakness, while in conflict with our week-ahead view for a stable currency, is in-line with the ongoing move in short-term interest rates.

EUR/USD declined further yesterday. Prices arenow close to the key support at 1.3503 (see alsothe long-term rising trendline from the July 2012low).

EUR/USD continues to extend its recent move lower, approaching a key post-ECB low of 1.3503, notes BNP Paribas.

Although EURUSD weakened slightly to 1.3528, AUDUSD rose a bit to 0.9359 from its overnight lows and USDJPY fell to 101.55.

EUR/USD tests the 1.3526/1.3503 support zone. The yearly low at 1.3477 is a medium-term key ref to keep in mind.

After finding support at the 55-DMA Tuesday gold has recovered lost ground and currently trades marginally above

It is a very light calendar today in terms of macroeconomic numbers. Focus will be oneuro-area inflation and US initial jobless claims.

Bonds continued to perform yesterday. Yields fell and curves bull-flattened. The German 10-year yield edged back below 1.20%,

Aussie opened at $0.9368 this morning and briefly dipped to $0.9362 before rebounding to a $0.9371 high.

The move lower saw EUR/USD close below the Bollinger band base ($1.3533) with the pair now consolidating ahead of

The pair started in Asia at $1.3525 this morning after last night’s $1.3520 to $1.3540 range during the US session.

Choppy trading around the 100-DMA, failure to retest last week’s lows and O/S daily studies looking to