Latest Forex Research

GBP/USD Analysis

The pair closed in NY Wednesday at $1.6899 after rate had seen extended recovery highs of $1.6922, on reaction to the release of strong retail sales data,

USD/JPY Analysis

JPY rose to its strongest vs the dollar since early-Feb last night during the European session but was in a mild recovery mode since the end of the US session.

Asian Currencies Technicals

The move lower continued on Wednesday with it having paused ahead of the May 2 low so far. Bears remain firmly focused on a break lower that initially targets the 200-DMA and then the 100-DMA.

FX markets are quiet and mixed with GBP and JPY outperforming; while AUD and EUR are weak and CAD is flat. US markets are entering the day having improved, with equities higher and the U.S. 10‐year up at 2.53%.

EUR Mid-day Analysis

Like the Dollar, the Euro has tracked sideways and in a very tight range. In other words, there is very littledistinction between the Dollar, Euro, Swiss and Canadian and

CHF Mid-day Analysis

While the Swiss showed a temporary rally overnight, the trade clearly wasn’t interested in supporting thatkind of move.

JPY Mid-day Analysis

With an upside breakout in the Yen overnight it is clear that something new is unfolding. With the BOJsuggesting they are half way to their inflation targets that

USD Mid-day Analysis

The Dollar has slowly eroded on the charts and we doubt that the trade will come away from the FOMCmeeting minutes later today with a distinctly bullish track.

CAD Mid-day Analysis

The Canadian is partially undermined by a decline in wholesale trade figures and by signsof soft auto sales results.

GBP Mid-day Analysis

We didn’t even need to look at a Pound chart this morning to know the currency was on the rise againas we saw generally higher equity prices, upbeat Japanese dialogue and

Central European Daily

Polish industry surprised positively in April Construction activity continues to pick-up The Central European currencies barely moved against the euro yesterday.

BOE May Minutes: Some MPC See Case For Earlier Hike

The Bank of England Monetary Policy Committee is split, with some members seeing the case for an earlier hike, although the vote for unchanged policy was unanimous, the May minutes revealed.