Latest Forex Research
USD Mid-day Analysis
The Dollar has continued to rise overnight despite strong UK output figures and a rather thin release ofUS data yesterday.
CAD Mid-day Analysis
While the Canadian is back off its initial highs into the US trading hours, the up-trendpattern off the early June low has generally remained in place.
GBP Mid-day Analysis
Surprisingly the Pound is off balance this morning despite favorable UK economic data. UK economicdata on April manufacturing output rose +0.4% and
Daily Technical Report
EUR/USD made a bullish intraday reversal on 5June. However, the lack of follow-through andthe current deep retracement suggest persistentselling pressures.
FX Daily Majors
Today’s highlights: EURUSD remains bearish for a test of price support at 1.3503 next.
EUR/JPY could guide EURUSD lower. NOK/SEK trades higher
EURUSD: Sideways with a downside tilt. Buying above 1.3678 never materialized yesterday. The market instead went into a low session close after constant grind lower through the day.
FI Eye-Opener: Sounds of Silence
Asian stock markets mixed. Further intra-Euro-zone spread narrowing. Today industrial production numbers and ECB refinancing operation results. Auction action starting.
UBS Morning Adviser
Delayed second-wave of euro weakness ahead? On Wednesday, the ECB rate cuts announced last week finally take effect.
Daily Market Technicals
ERU/USD managed another brief pop above the 21-DMA but fell short of last week’s high before heading sharply lower and managing a relatively bearish close.
FX Daily
Outside Scandinavia we have a relatively light calendar today. In the euro area bothFrance and Italy will release industrial production (IP) for April,
GBP/USD Analysis
The pair closed in NY Monday at $1.6800 after rate had been pulled lower by euro-dollar’s stronger corrective pullback, the rate pushing down to $1.6784 before drifting higher into the close.
USD/JPY Analysis
JPY started at Y102.53 in Asia Tuesday from US session of Y102.39-Y102.59, the spot made a minor bounce to daily high of Y102.57 before sliding down to session low of Y102.30.