Latest Forex Research
EURUSD – < 1.36 suggest that corrective rally into range highs is done
The Euro traded close to the top end of the 2-month 1.3675/3510 range yesterday.
FX Daily
In the euro area German and Spanish HICP will give the first set of information aboutinflation in June.
FI Eye-Opener: Rates keep falling on my head
Souring risk sentiment sunk equity markets and supported government bonds. Smaller than expected increase in US consumer spending,
Daily Market Technicals
EUR/USD continues to hint at a retest of the 200-DMA following the bounce from Thursday’s lows below the 21-DMA ($1.3596).
AUD/USD Analysis
Aussie traded a narrow $0.9396-0.9418 range Thursday and closed at $0.9412 in NY with aussie-kiwi selling largely keeping a lid on the aussie.
EUR/USD Analysis
The pair started this morning’s session at $1.3612 after last night’s $1.3576 to $1.3618 range during the US session and
GBP/USD Analysis
The pair closed in NY Thursday at $1.7026 after rate had seen highs of $1.7040 following the positive reaction to the release of BOE FPC
USD/JPY Analysis
The pair started the session at Y101.73, just under the US high of Y101.80, and slips to a Y101.67 in the first few hours of the session.
AUD: Outlook & Forecasts
The AUD remains persistently high as markets continue to assume that global short-term interest rates will remain lower for longer, notes Australia and New Zealand Banking Group (ANZ).
Beware The Trade Lags
NZ’s May trade statistics were another strong set of figures. This is a continuation of recent results with familiar themes, namely:
New Zealand At A Glance
The New Zealand economy continues to pick up the pace. While Canterbury’s reconstruction remains a backbone, the upswing is radiating more and more into the various other regions and industries.
Daily FX Wrap and Strategy
The NZD sat atop the G10 leaderboard for the second dayrunning, as bulls sought a break higher. The NZD/USD is0.4% stronger at 0.8770.