Latest Forex Research
Asian Currencies Technicals
AUD/USD did little to inspire confidence Monday with the pair dipping marginally below Friday’s low.
IMF: Fed Can Afford To Keep Zero Rates Longer Than Mid-2015
The Federal Reserve can afford to keep short term interest rates close to zero for longer than the current market expectation of a first rate hike in the middle of 2015,
USDJPY – above critical 101.49 level keep bullish $ outlook intact
Both outlooks for a rally in $JPY depend on prices holding above 101.43; a break below negates the bullish 1-2-i-ii option as well as the more complete a-b-c-x-a-b-c.
EURUSD – still awaiting wave-(c) rally back to 1.3580 range high
Euro continues to consolidate losses from the 1.3677 level (this is where Euro failed below critical support).
Daily FX Update
USDCAD: Upside bias—Expect range to fall within 1.0814 to 1.1000 (the May 8th low to the psychologically important 1.10).
EUR Mid-day Analysis
The path of least resistance is down in the Euro for a number of reasons. First of all, hints of furthersoftening in the German economy,
CHF Mid-day Analysis
The Swiss looks set to remain in a downward bias on its charts. Top of the down trend channel andresistance is seen today at 1.1157 and that resistance line falls down to 1.1145 on Tuesday.
JPY Mid-day Analysis
Tight ranges are expected to continue in the Yen but a consistent rise in open interest in the Yen since thebeginning of the month gives the June rally some fresh credence.
USD Mid-day Analysis
The Dollar has seemingly rejected the lower probe seen at the end of last week. Part of that recoveryaction might be
CAD Mid-day Analysis
While the Canadian continues to benefit from rising oil prices, the currency is being heldback by slack June Canadian factory data at the end of last week.
GBP Mid-day Analysis
The Pound continues to win by default but hawkish comments from the BOE and weak inflation datafrom the Euro zone highlight a classically bullish fundamental setup for the Pound.
Central European Daily
NBP’s affair hurts the zloty The Polish zloty has been under pressure in today´s early trading.