Latest Forex Research
EUR Mid-day Analysis
The Euro probably dodged a bullet from the UK May manufacturing results overnight as the readingswere softer than expected.
CHF Mid-day Analysis
Like the Euro, the Swiss remains under a bearish technical cloud from a recent pattern of lower highs.
JPY Mid-day Analysis
Overnight the Yen has thrown off the bearish tilt that was in control from the June 30th peak.
USD Mid-day Analysis
The Dollar remains underpinned by last week’s surprisingly positive Non-farm payroll result.
CAD Mid-day Analysis
The revival of US Dollar strength off the last US payroll report started the corrective slidein the Canadian but
GBP Mid-day Analysis
A slide in the Pound overnight reinforces the corrective tilt that has been in place since July 2nd.
FX Daily Majors
Today’s highlights: USDCAD has found renewed buying at support at 1.0612/00, and we continue to look for a base here.
ECB Noyer: ECB Actions Needed To Prevent “Perverse Feedback Loop”
European Central Bank Governing Council member Christian Noyer warned on Tuesday that the
China Reserve: How has this affected on global FX?
China continues to drive global FX reserve accumulation, with close to US$4 trillion in holdings. How has this affected global FX so far, and how will it continue going forward?
Daily Technical Report
EUR/USD made a bullish intraday reversalyesterday, suggesting a potential short-termbounce. Hourly resistances stand at 1.3621(intraday high) and 1.3664 (03/07/2014 high).
The next 48 hours
The next 48 hours will be crucial here in Asia for more than just football. Both the main carry currencies – IDR and INR – have significant event risk to contend with.
The Global Macro Pulse
G10 FX was mixed, with AUD rising to 0.938 on improvement in NAB business survey, while CAD continued to weaken by another 0.2%.