Latest Forex Research
GBP/USD Analysis
The pair closed in Wednesday at $1.6982 after rate’s (US GDP prompted) recovery off intraday lows of $1.6952 faltered above $1.7000.
USD/JPY Analysis
JPY marked small gains this morning in Asia, thanks to the dollar’s broad declines following last night’s disappointing GDP reading.
Asian Currencies Technicals
USD/SGD managed a brief spike above the previous Sgd1.2511 resistance level on Wednesday only to remain capped ahead of the 21-DMA and
Daily FX Wrap and Strategy
The NZD was the standout performer amongst the majorsovernight, rising 0.7% against the USD, to 0.8730.
Aussie Currencies Technicals
The 21-DMA confirmed its significance as support on Wednesday with the bounce from just ahead of this support keeping bullish hopes alive.
Atlanta Fed Paper: Unconventional Policy Reduced Unemployment By 0.13%
A new working paper published by the Atlanta Federal Reserve shows the central bank’s unconventional monetary policies reduced the unemployment rate by 0.13% from where it otherwise would have been.
EUR/GBP weekly– 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 hourly– Make or break at 1.6924!
Starting to back off from key-pivotal resistance 1.7044/49 (2009 high/2005 low) the risk of having marked an intermediate top at 1.7063 has increased significantly.
EUR/USD daily – Below 1.3671/76, the market remains vulnerable
The market has finally 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
U.S. equity softness was carried over into the Asian and European sessions; keeping a weigh on U.S. 10yr yields (currently at 2.57%);
EUR Mid-day Analysis
Yesterday the Euro managed to trade right through discouraging data with an upward tilt and
CHF Mid-day Analysis
The uptrend pattern continues in the September Swiss with support today off the last two weeks lowsseen at 1.1167.