Latest Forex Research
Asian Currencies Technicals
AUD/USD managed a brief dip below $0.9358 that was quickly reversed with bulls eventually asserting dominance with fresh 2 month highs and
Daily FX Update
Volatility remains low, markets are generally quiet even as there is building focus on oil prices (WTI has rallied up to $106 and Brent up to $112) on the back of security concerns in Iraq.
EUR Mid-day Analysis
As suggested in Dollar coverage this morning’s Euro zone data released overnight has tempered bearishattitudes toward the Euro which was clearly definitively bearish earlier this week.
CHF Mid-day Analysis
Like the Euro, the Swiss continues to face a bearish chart setup and lingering bearish fundamental vibes.
JPY Mid-day Analysis
Yen comes into the action today holding above its 50 day moving average at 97.92 and seeminglypoised to continue to claw higher on its charts.
USD Mid-day Analysis
The Dollar is somewhat off balance this morning because of fairly decent Euro zone industrial outputfigures provides some pause to would-be Dollar buyers.
CAD Mid-day Analysis
Like the Pound, the Canadian remains in favor. We suspect that the recent chain of gainsin Chinese equities, positive industrial output readings from the Euro zone and
GBP Mid-day Analysis
The Pound is back in favor and it seems to have definitively rejected a temporary retest of the 50 daymoving average down at 1.6790.
Central European Daily
Hungarian inflation data weighed on forint CNB signals later exit from intervention regime Negative Hungarian inflation fuelled speculations that the NBH would deliver one more base rate cut.
ECB Bulletin: No Deflation Threat to Eurozone At Present
The European Central Bank said Thursday that there is no present risk of deflation in the euro area but
Daily Technical Report
EUR/USD’s bullish intraday reversal on 5 Junehas created a key support at 1.3503. Monitor thatlevel as buying interest has thus far remainedweak.