Latest Forex Research
Daily FX Wrap and Strategy
The NZD shrugged off an early-week bout of selling to sit at0.8760 against the USD this morning, up 0.2% for the day.
Aussie Currencies Technicals
The 55-DMA has supported to start the new week with the AUD/USD bouncing back towards the $0.9384-99 region as a result.
USDJPY – a-b-c retracement to just above support at 101.91/88
Yen did realize a move through channel resistance and to 102.17 as posited; this rally appears to have marked the expected wave-3 high.
USD/SEK – On a bigger scale there is still plenty of upside to be explored
With the red lagging line displaying two consecutive higher weekly closes above the cloud
EUR/GBP – The range breakout at 0.7959 is now targeting 0.7755/44
With the latest break below key-pivotal support at 0.7959 we see the internal 76.4 % retreatment at
GBP/USD – On the way towards 1.7332 and 1.7768
Having finally managed to break decisively above key-pivotal resistance 1.7044/49
EUR/USD – Make or break at 1.3557/35!
The failure to even come close to 1.3877 (minor 38.2 %) and the following break below hourly trend line support
Daily FX Update
Markets are relatively quiet leading into the week; equities are soft, two‐year yields are up to 0.51%, the USD is mixed but relatively quiet.
EUR Mid-day Analysis
A lower low for the move leaves the recent down trend pattern in place, especially with disappointing German Industrial output results floated overnight.
CHF Mid-day Analysis
The stronger than expected US Non-farm payroll results continue to weigh on the Swiss,
JPY Mid-day Analysis
The Yen is gaining some lift off a lack of non-Dollar alternatives and also because of some up-beat BOJeconomic views released overnight.
USD Mid-day Analysis
The Dollar has garnered some lift from disappointing German Industrial output results overnight but that setback might be the result of a smaller reporting period.