Latest Forex Research
Daily Technical Report
EUR/USD has made a bullish intraday reversalnear the key support area between 1.3673 (seealso the long-term wedge formation) and 1.3643(see also the 200 day moving average).
Commerzbank AUD/USD View
Commerzbank enters a short AUD/USD at market as a technical trade recommendation with a stop at 0.9310, and a target at 0.9060. CB plans to add to this short at 0.9275.
Commerzbank EUR/USD View
Commerzbank re-trails the stops on its short EUR/USD to 1.3780. The trade entered at 1.3955 with a target at 1.35.
FX Daily Majors
Today’s highlights: USDJPY continues to threaten an important top, with a break below 100.75 needed to confirm.
The Global Macro Pulse
USDJPY broke lower to 101.15 even as EURUSD traded flat at 1.3702. AUDUSD edged lower to 0.9233. Most EM Asia currencies softened modestly against the dollar.
FI EYE-OPENER: Spreads widen more
The Bundesbank warns carry-chasers Spread widening continues for e.g. Italien govies The EURUSD FX is in a wait-and-see position This afternoon, minutes from FOMC and Yellen speaks Bank of Japan refrains from adding even more stimulus
UBS Morning Adviser
US Investors’ Overseas Interest Narrowing We have long held the view that US investors’ global allocation is a big marginal driver for the dollar.
FX Daily
Only tier-2 data on the global agenda today. UK retail sales are expected to havestrengthened again in April after soft spending in March.
AUD/USD Analysis
Aussie opened at $0.9243 this morning and has since been trading mostly lower through the Asia-Pacific session. Aussie-dollar lost ground in early dealings to around $0.9232 soon after
Daily Market Technicals
EUR/USD continues to consolidate below the 100-DMA while remaining supported ahead of the 200-DMA. Bulls need to see a close above the 100-DMA to
EUR/USD Analysis
The pair witnessed a quiet morning n the Asia-Pacific today, starting the day at $1.3702 after last night’s $1.3688 to $1.3706 range in the US.
EURJPY – weekly channel break shifts focus to confluence zone at 133
Last update we highlighted “below 140 confirms recent up channel break…” Prices are now clear of the uptrend from last summer and sitting on a final shelf support at 138.79/68.