Latest Forex Research
Daily FX Wrap and Strategy
The NZD/USD was the weakest performing currency overthe past 24-hours. It sits at 0.8490 this morning.Fonterra announced its forecast payout for the 2014/15season yesterday morning.
Daily FX Update
Globally, bond yields are lower with the U.S. 10‐year entering the NA session at 2.50%, flirting with its May 15th low of 2.47%.
EUR Mid-day Analysis
The Euro remains pinned to the bottom of its recent trading range despite very upbeat consumersentiment results.
CHF Mid-day Analysis
Like the Euro, the Swiss remains under a negative technical cloud and the downward bias is accentuatedby disappointing Swiss economic readings.
JPY Mid-day Analysis
A recent pattern of lower highs and a temporary probe below 98.00 would seem to leave the bias in the Yenpointing downward.
USD Mid-day Analysis
The Dollar remains within close proximity to its recent highs and the charts would seem to project morenew highs for the move.
CAD Mid-day Analysis
While the bias remains up in the Canadian, recent weakness in a host of physicalcommodities, residual strength in the US Dollar and
GBP Mid-day Analysis
The Pound has failed again on the charts overnight and that action was largely the result of softer thanexpected May UK retail sales figures, some geopolitical drag from the Scottish issue and
FX Daily Majors
Today’s highlights: EURUSD back below the 200-day average maintains thoughts of a bear “wedge” and further weakness to 1.3520.
Daily Technical Report
EUR/USD is consolidating near the strong support at 1.3643 (see also the 200 day moving average). Monitor the hourly horizontal range between 1.3619 and 1.3669 (27/05/2014 high).
Commerzbank: GBP/USD View
In GBP/USD, Commerzbank notes that yesterday it charted an outside day to the downside breaking below the 6 month uptrend at 1.6784.
Commerzbank: EUR/USD View
EUR/USD continues to consolidate around the 200 day ma at 1.3638, notes Commerzbank.