Latest Forex Research
EuroStoxx50 Technical Analysis
With daily studies now at modestly O/S levels Stoxx50 bounced to close marginally above the 100-DMA and record a relatively bullish close,
USD/JPY Analysis
The pair opened at Y101.54 this morning, just off the overnight low of Y101.46, and edged higher in light, early dealings amid an improved risk environment.
RBA Board Minutes – July 2014
Today’s July RBA Board minutes can be combined with the Governor’s recent public statements to give a reasonably clearindication that the neutral monetary policy bias will be with us for a while.
Yen Softer Ahead of BOJ Decision, Market Seeks Clarity
The yen weakened modestly against the dollar and on the crosses Monday, ahead of Tuesday’s Bank of Japan monetary policy decision.
Draghi: Monetary Policy To Remain Accommodative For Extended Period
European Central Bank President Mario Draghi reiterated the Bank’s forward guidance policy and
Fed Bank Directors Again Denied 1% Discount Rate
The periodic message the directors of the Philadelphia, Kansas City and Dallas Federal Reserve Banks send to Washington – raise rates – was disregarded in June at Fed headquarters,
Aussie Currencies Technicals
AUD/USD continues to look a little heavy with it struggling at the 21-DMA ($0.9401) to start the new week.
BoC Preview
We expect rates on hold (at 1.00%). We expect the MPR to revise up the inflation forecasts for both headline and core CPI,
BoJ Preview
We expect the BOJ to maintain its monetary policy (Monetary Base Target at ¥270T, same as consensus and previous).
Technician
EUR/USD: Momentum almost neutral with exception of ROC50, which is pro-decline. Momentum favors decline from current levels.
Daily FX Update
Markets are entering the week on an encouraging tone. Equities are stronger, U.S. 10 year is at 2.52%,
EUR Mid-day Analysis
The Euro has been able to overcome a definitively discouraging Euro zone industrial output releaseperhaps because