Latest Forex Research
FI Eye-Opener: Bulls not gone to holiday yet
German bond yields ended yesterday with very limited moves, but US bonds rallied towards the evening despite positive economic data,
Daily Market Technicals
A triangle has formed on the dailies that is suggestive of a breakout at some stage. Bulls look for a close above $1.3643 to
AUD/USD Analysis
Aussie also witnessed a narrow session today in the Asia-Pacific after it opened at $0.9368 this morning, just below the $0.9371 low seen during the US session,
EUR/USD Analysis
The pair opened at $1.3606 this morning, after pulling back from the overnight high of $1.3627 during the US session.
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6985 after rate had been pressed to session lows of $1.6966 (post London fix),
USD/JPY Analysis
Another of mild JPY gains amid the ongoing risk averse environment, as dollar-yen opened at Y101.97 and euro-yen at Y138.74.
Time To Sell Cable
GBP/USD has been testing a historically pivotal area around 1.7040-1.7170 but has failed to sustain a rally through there, notes Citi FX Technicals.
Asian Currencies Technicals
USD/SGD continues to trade sideways in narrow ranges below the initial resistance at Sgd1.2511.
Daily FX Wrap and Strategy
The NZD lost ground amid broader USD strengthovernight. The NZD/USD is 0.3% lower this morning at0.8690.
Aussie Currencies Technicals
Bears take comfort in the pullback from ahead of 2014 highs and relatively bearish close with immediate focus now on the $0.9322-45 region.
Not Yet Time For USD/JPY Topside Break
After bottoming around Y101.60 in mid June, dollar-yen has made slow progress higher,
Fed Plosser: Need to Control, Not Boost Inflation Next 3-4 Yrs
Philadelphia Federal Reserve Bank President Charles Plosser said Tuesday the FOMC will need to control, not try and boost, U.S. inflation “in the next three to four years.”