Latest Forex Research
EUR Mid-day Analysis
A series of lower highs this week and French calls for the ECB to begin asset purchases should leave thebias in the Euro pointing downward today.
CHF Mid-day Analysis
The Swiss also has a pattern of lower highs and lower lows but the magnitude of the slide from therecent highs is rather narrow.
JPY Mid-day Analysis
A pattern of lower highs looks to extend in the Yen as Japanese business sentiment improved overnight and
USD Mid-day Analysis
It would appear that the Dollar has found some support on the charts around the 79.80 to 79.83 level.
CAD Mid-day Analysis
Canadian bulls might take exception to the statement that the Pound is the mostdominating trend in the currency markets
GBP Mid-day Analysis
The rise in the Pound continues in the wake of stellar UK construction results but the Pound is short term overbought and
Central European Daily
Hungarian forint hits yet another three-month low NBP should not cut rates, but may sound dovish On Tuesday, regional PMIs for June eventually had no significant impact on trading.
Daily Technical Report
EUR/USD has broken to the upside out of itshorizontal range defined by 1.3503 and 1.3677.The short-term bullish momentum is intact aslong as the hourly support at 1.3651 (previousresistance) holds.
FX Daily Majors
Today’s highlights: AUDUSD surges above .9463 to complete a bullish continuation pattern for .9584 – the 38.2% retracement of the entire 2011/2014 bear trend.
Stok[k]ing the zloty
Two European central banks facing a similar dilemma will today (Poland’s NBP) and tomorrow (Sweden’s Riksbank) decide on whether to reduce rates further.
The Global Macro Pulse
G10 FX markets drifted sideways with EURUSD at 1.3677 and USDJPY up marginally to 101.62.
USDJPY – bear flag suggests wave-c of E still not complete; target 101
Prices have not yet reached the ideal 101 level where wave-a = c (within wave-E).