Latest Forex Research
Daily FX Update
A U.S. holiday leaves expectations for the NA session as notably quiet. Yesterday’s strong employment release from
Central European Daily
CE currencies slightly stronger after solid US figures Czech retail sales surprisingly weaker What does the combination of positive payrolls and
We Hold EUR/USD Shorts
Morgan Stanley reiterates its bearish EUR view and expresses that via holding 2 short EUR/USD positions as a short-term and medium-term recommendations.
Sweden: Very weak production and orders
Following the sharp rise of 2.8% m/m in April, we saw a big drop by 3.2% m/m in May manufacturing production.
The Global Macro Pulse
The dollar has drifted against the major currencies with AUDUSD up a touch to 0.9360,
SEK pressure to persist. EUR eroding support
4th of July celeb’s in the US. Well eventful was perhaps an understatment…
UBS Morning Adviser
RBI exchanging onshore gold for international gold should boost INR stability On Wednesday the Reserve Bank of India (RBI) announced plans to swap domestic gold reserves with
AUDUSD – post triangle thrust completes 5-waves up; n/t targets .9350/25
Aussie followed the script, to a tee, for a wave-4 triangle and final wave-5 thrust. Now that 5-waves up are complete we are on the lookout for a meaningful correction or trend change.
EURUSD – awaiting a break of 1.3644 to signal further weakness
By way of background, we are viewing the sell-off from 1.40 as wave-1 in a larger decline.
USDJPY – impulsive rally pausing at channel resistance; 102.17 next
The rally continued to initial targets yesterday. This impulsive rally in $JPY follows an a-b-c decline that was underscored by a b-wave triangle.
EuroStoxx50 Technical Analysis
The recovery from the June monthly lows set earlier this week has resulted in a relatively bullish close above the 21-DMA,