Latest Forex Research

GBP Mid-day Analysis

The Pound initially ranged downward overnight and managed that slide in the face of data that mighthave been considered supportive.

FX Daily Majors

Today’s highlights: NZDUSD has broken key support at .8432/16, leaving the bias lower towards our core target at .8362/55.

Credit Agricole: We Stay AUD Long

The AUD has been stable of late, mainly due to the RBA keeping investors’ rate expectations stable.

EUR/USD failed to break the resistance at1.3650 (27/05/2014 high, see also the decliningtrendline) yesterday, indicating persistent sellingpressures. Supports stand at 1.3586 and 1.3562(12/02/2014 low).

Don’t Fret About SNB Floor

What can the SNB do if the ECB cuts rates on Thursday? Assuming the floor stays inplace there are three possibilities:

The Global Macro Pulse

The USD gathered strength in Asia trading, supported by higher US yields overnight. The 10y US Treasury yield retraced very marginally to 2.586% but still net 6.5bps higher than yesterday’s open.

AUD/USD Analysis

Aussie had a mixed day Wednesday with much of the positive coming from the stronger than expected Q1 GDP data, which came in at +1.1% qoq and +3.5% yoy.

USD/JPY & AUD/USD sellers should be tempted to step back in

EURUSD: Buyers responded at a marginally fresh low yesterday, butalso showed resistance respect.

UBS Morning Adviser

Is additional US outperformance needed for CAD shorts to work? Having passed up multiple opportunities to talk down the Canadian dollar in statements and

FX Daily

The Spanish and Italian May service PMIs are due for release. The Spanish figureincreased to 56.5 in April, which is the highest print since the beginning of 2007.

FI Eye-Opener: Increasingly hard to dismiss deflation risks

Bonds continued to take a hit yesterday on both sides of the Atlantic and curves bear-steepened. The German 10-year yield leaped by some 4bp,

Daily Market Technicals

The $1.3647-69 resistance region remains key this week with bulls needing a close above to confirm an easing of bearish pressure and