Latest Forex Research
EUR/USD Analysis
The pair closed in NY Monday at $1.3593, the rate having held close to its intraday trading base of $1.3582, after it had squeezed lower from earlier European highs of $1.3669.
Rosengren: Raise Rates When w/in 1 Yr of Jobs, Inflation Goals
Boston Federal Reserve Bank President Eric Rosengren Monday said if he had things his own way the Fed would not implement the first increase in
Daily FX Wrap and Strategy
The NZD/USD sits only fractionally lower this morning, at0.8490, having touched intra-night around 0.8530.
Asian Currencies Technicals
AUD/USD started the new week with fresh highs and initial support now noted at Friday’s low. Bears need a close below Friday’s low to
EURUSD – yet to confirm bull reversal, below 1.3589/57 = further weakness
The Euro reversal has yet to see bullish confirmation via a rally through 1.3675. For now we can view the rally to
EURJPY – wave-D rally towards ~142 but first a pullback to ~138.50
A look at the daily chart suggests that prices are rallying in wave-D as part of a late stage triangle. The downtrend & extension target zone for this leg of the coil are 141.50-142.90.
CHF Mid-day Analysis
The Swiss looks to start the new trading week out on a soft track and it might be poised to slide backtoward last week’s initial lows down around the 1.1116 level.
EUR Mid-day Analysis
News that Portugal saw its 1st quarter GDP contract by 0.6% leaves the Euro under a weak bias to startthe new trading week.
JPY Mid-day Analysis
Favorable Japanese economic readings released overnight would seem to leave the Yen in a downwardtrack on its charts at the start of the new trading week.
USD Mid-day Analysis
The Dollar is slightly higher this morning in the wake of a generally positive reception to last Friday’spayroll results, lackluster Chinese commodity import data and
CAD Mid-day Analysis
Like the Pound, the Canadian continues to see mostly upbeat global economic conditionsand that leaves the bull camp in the Canadian with a slight edge.