Latest Forex Research

Daily Market Technicals

The sharp rejection from above $1.3583 with falling daily trend line off May highs also seen capping keeps bearish hopes alive.

AUD/USD Analysis

Aussie also witnessed a dull session in the Asia-Pacific today, opening at $0.9337 after a $0.9329 to $0.9366 range overnight.

EUR/USD Analysis

A very dull session for the euro this morning in Asia. The pair opened at $1.3547 after a $1.3536 to $1.3571 US session range.

The pair closed in NY Tuesday at $1.6960, euro-sterling at stg0.7985. The rate slipped to $1.6938 on release of UK CPI data which saw an unexpected drop in the headline number to four year lows of 1.5%.

USD/JPY Analysis

The pair opened at Y102.07 this morning and staged a rally in early dealings, getting up to Y102.20.

Buffers Buffer Better

We were amazed at this morning’s NZ Balance of Payments figures – amazed that they were so very close to expectations.

Daily FX Wrap and Strategy

The NZD slid along with other major currencies against the USD overnight, with NZD/USD 0.3% lower at 0.8650.

Aussie Currencies Technicals

The move lower gathered momentum on Tuesday with the sharp break and close below $0.9374 combined with the correcting O/B daily tech studies adding weight to the bearish case.

GBP/USD: Looking for minor dip ahead of further gains

GBP/USD is struggling to maintain a foothold above 1.7000. the new high of 1.7011 has not been confirmed by the daily RSI and

EUR/USD: Pausing ahead of this years low + uptrend at 1.3476/54

EUR/USD remains in consolidation mode just ahead of the recent low at 1.3503 and we suspect the market is pausing ahead of this years low at 1.3476 and the 2012-2014 uptrend at 1.3454.

US Morning Update

The main ‘mover’ during the London morning was the GBP again, around the release of the May CPI inflation data.

Daily FX Update

Geopolitically there is a lot of disruption with Russian’s decision yesterday to cut off gas supplies and building tensions in Iraq;