Latest Forex Research
Portugal ignites EZ worries
EZ worries escalated yesterday (the €stoxx bank index having been the canary in the mine) with accelerating losses in the equity markets.
AUDUSD – wave-ii rally satisfied as RSI moves to and fails at 60
Aussie suffered a deeper than expected wave-ii correction but the up move failed at the underside of the recently broken channel.
USDJPY – b/l 101.24 lows shifts focus to next key level at 100.82
We have promoted the idea that a large bull triangle ended at 101.24 on 6/30;
Gold Technical Analysis
Thursday’s rally to fresh 4 month highs and close above the $1332-1334 region confirms a break of
FX Daily
With a very light calendar focus will be on the fate of Banco Espirito Santo(BES) in Portugal.
FI Eye-Opener: Portuguese jitters not the start of another crisis
Core bonds initially rallied in earnest yesterday and curves bull-flattened, supported by weaker risk appetite and flight-to-safety flows as well as disappointing Euro-zone economic data.
Daily Market Technicals
EUR/USD was unable to capitalize on recent bounces with the sharp reversal lower Thursday seeing the immediate focus
AUD/USD Analysis
Aussie opened at $0.9395, near the top of the early $0.9378 to $0.9396 high si far this morning.
EUR/USD Analysis
Another dull session for the euro this morning as it opened at $1.3609 after last night’s $1.3589 to $1.3618 US range.
EuroStoxx50 Technical Analysis
The move lower continued Thursday with Stoxx50 bouncing a little from
GBP/USD Analysis
The pair closed in NY Thursday at $1.7134 after rate had initially corrected off Asian highs of $1.7168 to $1.7105,
USD/JPY Analysis
JPY opened at Y101.34 this morning, off last night’s US high of Y101.37 while euro-yen started at Y138.