Latest Forex Research
Asian Currencies Technicals
Bears continue to dominate with fresh 2014 lows retaining immediate focus on Sgd1.2342 Oct 2013 monthly low.
Daily FX Wrap and Strategy
The NZD failed to breach the post-float high against theUSD yesterday, falling just three points shy.
Aussie Currencies Technicals
The rally lacked follow through on Thursday but then again so has the sell off with the AUD/USD recovering from just below the previous $0.9368 support.
USD Analysis
The USD ends this week lacking a strong catalyst to rise from the minutes of the July FOMC meeting, and accordingly,
New Research Says Fed’s Inflation Target Inadequate, Needs New Policy
New research published Thursday suggests the Federal Reserve’s inflation target is inadequate because of its inability to deal with large supply and demand shocks.
FX Daily Majors
Today’s highlights: NZDUSD’s extension above .8795 keeps the spotlight higher on medium-term resistance at .8845/61.
EUR/PLN – Make or break at 4.1112!
The main question here is whether we have potentially seen the right shoulder low of
EUR/GBP – A temporary bounce to 0.8098 can’t be excluded at present
With last weeks break below key-pivotal support at 0.7959 we see the internal 76.4 % retreatment at 0.8005 as decisively broken which
GBP/USD – Above 1.6996, the bulls remain in control and 1.7332 in focus next
Having finally managed to break decisively above key-pivotal resistance 1.7044/49
BoE: Nothing new but August will be interesting
The Bank of England expectedly left monetary policy unchanged today, and thus issued no statement.
Daily FX Update
Disappointing economic data from China and Eurozone and concerns over the banking sector in Portugal have weighed on market into the open.