Latest Forex Research
AUD/USD Analysis
Aussie started this morning at $0.9307 after powering to a $0.9313 high during the European session yesterday. It ran into early weakness to $0.9301 but
EUR/USD Analysis
The pair started in Asia at $1.3602 this morning after last night’s $1.3595 to $1.3626 US trading range. Euro-dollar encountered some early weakness as euro-yen retreated,
IMF: Japan Needs No Extra Easing Now; External Factors Risks
The International Monetary Fund said Friday in its staff report that it agrees with the Bank of Japan leadership that the economy does not need additional monetary easing at this point and
USDJPY – range continues to tighten, n/t channel resistance is 102
It appears that $JPY is feeling the pull from both US yields (lower) and stocks (higher) and the net effect has been an ever tightening range for the last 5-months.
EURUSD – falling bullish wedge targets 1.3680
There is a clean bullish falling wedge’ in the Euro that has met the wedge support level and is so far bouncing. The wedge target line aligns with the first fib retracement zone at 1.3680.
Crédit Agricole: USD/CAD Ahead Of Canadian GDP
The focus in Canada this week will be on today’s release of GDP and April industrial production.
USD/JPY Analysis
JPY opened at Y101.78 this morning, off the US low of Y101.43 while euro-yen started at Y138.45 in Asia today. Month-end dealings were muted with
GBP/USD Analysis
The pair closed in NY Thursday at $1.6717 after rate saw a sharp reversal off session lows of $1.6693 to $1.6741 during the European morning,
EUR/USD Into ECB June Meeting: Next Week Range & Outlook
The following are EUR/USD range and and bias for next week as provided by Bank of Tokyo-Mitsubishi UFJ, Ltd (BTMU).
Asian Currencies Technicals
AUD/USD again found support ahead of the key $0.9176-0.9205 region with the result being a solid move higher with initial support having developed on the hourly time frame at $0.9275.
Daily FX Wrap and Strategy
The NZD continues its recent run of underperformance,falling against the USD, unlike most of its peer. It has alsoplunged against the AUD.NZD/USD flirted with
US: Real GDP Tumbles at a 1.0 Percent Pace in Q1
Revised data show that real GDP declined at a 1.0 percent pace in the first quarter, compared to a preliminary rise of 0.1 percent. Real final sales rose at a 0.6 percent pace, only slightly less than first reported.