Latest Forex Research
Asian Currencies Technicals
The spike higher Thursday lacked follow through, marginally trading above the 21-DMA (Sgd1.2492).
Daily FX Wrap and Strategy
After a fair amount of volatility over the past 24-hours the NZD/USD sits a little lower this morning, at 0.8750.
Aussie Currencies Technicals
Wednesday’s correction gathered momentum with the bearish close confirming a break of the 21-DMA and rising daily channel base with
US Data Reaction
BofA: Nonfarm payroll growth surged to 288,000 in June, exceeding expectations of a trend-like 215,000 clip.
ECB: Draghi’s soft touch
Details on the upcoming refinancing operations and changes to the meeting schedule gave some colour to an unchanged monetary policy assessment.
US: Another strong labour market report
Today’s US labour market report was very strong. More jobs than expected had been created in June and the unemployment rate dropped significantly.
Nonfarm Payroll give US Dollar Much Needed Boost
Going into today’s US nonfarm payroll release expectations were for a strong number with many believing there’d be a better figure than the expected 215k and
Daily FX Update
Leading into the U.S. holiday weekend markets are looking towards the ECB press conference and the release of U.S. employment for direction.
GBP/USD Technical Analysis
In Cable, Commerzbank it has a TD perfected set up on the 240 minute chart and a 13 count with TD resistance at 1.7205.
EUR/USD Technical Analysis
EUR/USD’s rejection of price from the 55 day ma at 1.3693 has been quite emphatic which
EUR Mid-day Analysis
In addition to economic optimism toward the Dollar, the Euro is seeing added pressure from expectationsof ECB easing.
CHF Mid-day Analysis
Like the Euro, the Swiss is feeling pressure from the looming ECB easing expectation.