Latest Forex Research
Weekly CFTC Trader Positioning Data
• This week there was a surge in bearish EUR sentiment while most other position changes paled in comparison.
ECB Coeure: Would Use QE If Needed But Don’t Expect This Situation
The European Central Bank will resort to quantitative easing if circumstances warrant it but expects recent measures it took to preclude such a situation,
Daily FX Update
Developments in Iraq drive a hint of risk aversion; but not enough to swap markets. Into the NA open FX markets are active with EUR sinking,
EUR Mid-day Analysis
While the Euro has managed a slight rebound overnight, talk that the ECB might be investigating the needfor additional stimulus probably serves to
CHF Mid-day Analysis
The Swiss has forged a week ending short covering bounce but we don’t see the fundamental setupshifting and allowing the bull camp to consistently regain control.
JPY Mid-day Analysis
Yen might see its flight to quality role tempered today as Chinese data overnight was slightly positiveand US data later today might be seen as acceptable.
USD Mid-day Analysis
The September Dollar forged another lower low overnight and in the process the Greenback reacheddown to the lowest level since June 14th.
CAD Mid-day Analysis
Overt weakness in the US Dollar has helped the Canadian become a little moreresponsive to rising metals and energy prices.
GBP Mid-day Analysis
As we suggested earlier this week, the Pound is expected to remain in vogue because its economicrecovery is head and shoulders above other key economic zones.
Daily Technical Report
EUR/USD’s bullish intraday reversal on 5 Junehas created a key support at 1.3503. The recentpickup in buying interest near that level favours afurther phase of consolidation.
€uro comeback? AUD/NZD resumed its downtrend.
EURUSD: The return back inside the 55d Bollinger bands is yetanother sign that a short term development should be amove higher.
UBS Morning Adviser
ECB has no FX target but prior policy drivers are having less of an effect The ECB will be the first to remind FX markets that irrespective of how they view the exchange rate’s impact on