Latest Forex Research
The Global Macro Pulse
EURUSD barely moved at 1.3634, while both the AUDUSD and USDJPY wereever so slightly lower at 0.942 and 101.74, respectively.
AUD/NZD resuming its bear trend. Bonds in demand
EURUSD: The attempt to rise above the 1.3644 resistance was sooncaptured and the market thereafter returning back into itsprior range.
UBS Morning Adviser
The UK’s rebalancing needs go far beyond what the FPC can recommend The Bank of England’s financial policy committee’s (FPC) release of recommendations on
GBP: Buy The Dip
The GBP has been under pressure of late, mainly on the back of BoE Governor Carney providing a less clear message with regards to the timing of higher interest rates.
BNZ Strategist
Economic Outlook – NZ GDP growth is hitting its straps. Sizable contributions are coming from: construction (both residential and non-residential,
Will retail spending respond to the sharp fall in consumer confidence?
The sharp fall in consumer sentiment after the release of the 2014-15Federal Budget has sparked concerns of a sustained slowdown inconsumer spending.
FX Daily
Today US PCE core inflation is due for release and we expect the PCE core toincrease to 1.5% y/y in May from 1.4% y/y in April.
FI Eye-Opener: Forget Q1 – US economy doing much better already
Bonds rallied on both sides of the Atlantic, but especially in Germany, while more bull-flattening was seen.
Daily Market Technicals
EUR/USD looks to be hinting at a topside break to the daily triangle but bulls continue to look for a close above $1.3677 to confirm a break of the 200-DMA.
USDJPY – awaiting break of tightening, 102.21/101.74, range
The coil is coming to a head and the range continues to tighten. The pattern from 102.80 (6/3 high) fits the standards of
AUD/USD Analysis
Aussie started this morning at $0.9408, a touch above the US high of $0.9403 and right at the high for Wednesday’s global session.
EUR/USD Analysis
The pair started in Asia at $1.3629 after trading up to a $1.3651 high during the US session overnight following the US GDP results.