Latest Forex Research
Bundesbank Nagel: Cautions On Risk Mispricing As Bond Yields Drop
Bundesbank Board member Joachim Nagel Tuesday cautioned of an emerging mispricing of risk as Eurozone government bond yields approach pre-crisis levels.
Daily FX Wrap and Strategy
The NZD/USD trades a little higher this morning, around0.8780. The NZD was fairly directionless over the course of the dayyesterday.
Aussie Currencies Technicals
Monday’s bounce has been followed up with fresh 2014 and fresh 9 month highs with immediate focus having shifted to the $0.9536-49 region.
USDJPY: Levels & Targets
USD/JPY appears to be stabilizing/bottoming near the lows of the range and the price action is beginning to look constructive, notes CitiFX Technicals.
USD/SEK – Above 6.6509 to 6.6264, a straight extension higher can be expected
The general idea that that market is getting ready for a broad C-wave up to at least 7.6200 (C = A) on
EUR/GBP – A range breakout between 0.7959 & 0.8074 is needed for directions
Having already exceeded the internal 76.4 % retreatment at 0.8005 quite a bit,
GBP/USD – An extension to 1.7332 or to 1.7768 is indicated
Having finally managed to break decisively above key-pivotal resistance 1.7044/49 (2009 high/2005 low)
EUR/USD – The break above 1.3673/76 opened limited upside to 1.3877
Following the defense of key-support at 1.3477 (2014 low) the market finally managed to clear key-resistance at
EUR Mid-day Analysis
While the Euro remains right on its highest price level since mid-May in the early going today,
CHF Mid-day Analysis
Like the Euro, the Swiss remains pegged to its recent highs in the early Tuesday action. It might take aclean sweep of US data to
JPY Mid-day Analysis
Optimism from a number of global PMI results has prompted an exodus of safe haven interest in the Yen.
USD Mid-day Analysis
The Dollar is marginally higher this morning but it is also facing a significant flow of data later in thetrading session.