Latest Forex Research
EUR Mid-day Analysis
While the June Euro has managed to respect the 1.3586 level 4 times on the charts in the last 5 sessions,the real test of the Euro looms on Thursday in the face of an ECB rate decision.
CHF Mid-day Analysis
The June Swiss did see a fresh lower low for the move overnight but the market has rejected thatbreakout and has recovered slightly in the wake of favorable Euro zone jobless results.
JPY Mid-day Analysis
The Yen has initially managed to respect the prior session’s low but a decline in Japanese April wageslooks to leave the path of least resistance pointing downward.
USD Mid-day Analysis
While the Dollar is slightly lower to start today the currency remains within striking distance of its recenthighs. Factory orders and Auto sales will be released today and
CAD Mid-day Analysis
Slack Canadian manufacturing growth and a minor setback in trade talks with the EU hascontributed to a slide this week in the Canadian.
GBP Mid-day Analysis
The Pound has slowly recovered in the wake of a shift back toward a global risk-on vibe.
Central European Daily
Hungarian bond yields fall to record low NBP unlikely to surprise markets A lower than expected Polish PMI did not affect the market.
FX Daily Majors
Today’s highlights: NZDUSD remains poised for a test of key price support at .8432, below which should trigger a decline towards .8416.
Daily Technical Report
EUR/USD remains in a short-term bearishtechnical structure as long as prices stay belowthe resistance at 1.3650 (27/05/2014 high, seealso the declining trendline).
A macro model for Kiwi
What drives the NZD? The NZD is at post-float highs and is one of the highest returning G10 currencies to date this year.
The Global Macro Pulse
After opening up, most USD-Asia pairs are close to flat today with the exception of the THB which rallied down to 32.72.