Latest Forex Research
Aussie Currencies Technicals
AUD/USD extended gains following on from Wednesday’s bounce from the 21-DMA. Initial support is noted at $0.9396 with
We remain long USD
Yesterday BNBP Paribas opted to take partial profit on long USD exposure, closing out its long USD/CHF provision from 0.8044 for a 1.3% gain.
Fed Bullard: To Become Harder To Justify Contd Low Real Rates
St. Louis Federal Reserve Bank President James Bullard Thursday predicted that going forward it will become “more and
EUR/CAD – Make or break at key-support between 1.4582 and 1.4464!
As the big picture below shows the market is currently testing key-support between 1.4582 and
EUR/GBP – The odds for a stronger bounce have improved
Having already exceeded the internal 76.4 % retreatment at 0.8005 quite a bit, chances of running into
GBP/USD – A range breakout between 1.6924 & 1.7037 is needed for directions
Starting to back off from key-pivotal resistance 1.7044/49 (2009 high/2005 low) the risk of having marked an
EUR/USD daily – Below 1.3672/76, the market remains vulnerable
The market has finally managed to trade away from key-support at 1.3477 (2014 low) which supports
Daily FX Update
The USD is soft as yesterday’s data warns that the economic recovery is fragile even as inflationary pressures build.
EUR Mid-day Analysis
Surprisingly the September Euro is off balance to start today and it enters the Thursday US trade sittingjust above up-trend channel support of 1.3601.
CHF Mid-day Analysis
Like the Euro, the Swiss maintains a pattern of higher lows on its charts. Up-trend channel support todayin the September Swiss comes in today at 1.1172 but
JPY Mid-day Analysis
While the bull camp might suggest that they hold a technical edge from the charts, up-trend channel supportis seen today at