Latest Forex Research
Fed Williams: FOMC Will Not Raise Rates “For Some Time”
The U.S. central bank won’t raise rates “for some time” but it is moving toward a more normalized monetary policy, San Francisco Federal Reserve Bank President John Williams said Monday.
EUR/CAD – Above 1.4482, the start window for a 5th wave advance remains open
Having overshot the crucial Fib.-retracement at 1.4582 (int. 38.2 %) only marginally we still see
EUR/GBP – A range breakout between 0.7959 & 0.8079 is needed for directions
Having already exceeded the internal 76.4 % retreatment at 0.8005 quite a bit, chances of running into
GBP/USD – Below 1.7063 the setback risk remains high
The market failed once more to break decisively above key-pivotal resistance 1.7044/49 (2009 high/2005 low) on
EUR/USD – Unchanged! Below 1.3673/76, the market remains vulnerable
The market has managed to trade away from key-support at 1.3477 (2014 low) which supports our view that a stronger bounce (wave 2 or wave B) could be looming.
Daily FX Update
A slew of event risk in the next 12‐hours—with quarter‐end rebalancings, China’s PMIs, Japan’s Tankan and the RBA meeting have left markets vulnerable.
EUR Mid-day Analysis
Euro zone inflation readings were as expected and for some that might have been positive enough tosupport the Euro,
CHF Mid-day Analysis
A pattern of higher highs and higher lows leaves the technical picture in the Swiss in the bull’s court.
JPY Mid-day Analysis
The Yen has remained in an upward track overnight in the face of discouraging Japanese housing starts forMay and
USD Mid-day Analysis
While the Dollar could have been supported by somewhat favorable US scheduled data flows at theend of last week,
CAD Mid-day Analysis
Apparently the Canadian Dollar has become short term overbought or perhaps theretrenchment in energy and
GBP Mid-day Analysis
While UK mortgage applications fell to an 11 month low for the month overnight actual lending in the UK rose and