Latest Forex Research
GBP/USD Analysis
The pair closed in NY Wednesday at $1.6737 after rate had recovered off an intraday low of $1.6699 to $1.6768 on the back of stronger than forecast UK services PMi data,
Citi: ECB Preview
In a note to clients today, CitiFX summarized Market expectations ahead of the ECB with the following scenarios ranked from most to least positive for EUR:
NZD Corporate FX Update
We’ve made no secret of our disappointment in the USD’s performance over Q1 2014. Last month, we pushed back our expectations of its eventual recovery into the second half of the year.
Asian Currencies Technicals
The $0.9180-0.9233 region remains key support for the AUD/USD with this region continuing to support on dips.
Daily FX Wrap and Strategy
The grind lower continues. NZD/USD is 0.2% weaker thismorning, holding just above 0.8410.
ECB has the potential to surprise
Market movers ahead • Lower inflation in the euro area has also strengthened our expectations that the ECB will deliver an aggressive easing move at Thursday’s meeting.
Daily FX Update
Entering the second half of the week, FX markets are trading in narrow ranges as looming risk of central bank meetings and nonfarm payrolls looms.
EUR Mid-day Analysis
Euro zone data overnight was a little weaker than expectations but with the readings still sittingcomfortably above the 50.0 growth/no growth line, the undershoot versus expectations is discounted.
JPY Mid-day Analysis
A decline below a critical moving average and an additional downside extension overnight leaves the bearcamp in firm control.
USD Mid-day Analysis
The Dollar enters the Wednesday trade sitting just under its recent highs and poised to encounter asignificant wave of economic information.
CAD Mid-day Analysis
Apparently record high Canadian auto sales in May were of little interest to the Canadiantrade, as the June Canadian initially forged a fresh lower low for the move overnight.