Latest Forex Research
EUR Mid-day Analysis
As suggested already German PPI data probably provided some early selling in the Euro and with theflow of German price data digested, it is clear that the Euro might remain pinned to its recent lows.
CHF Mid-day Analysis
Unlike the Euro which has managed to consolidate periodically, the Swiss has remained in a negativechart pattern. In fact, with an extending pattern of lower highs and lower lows,
JPY Mid-day Analysis
While the June Yen managed an upside breakout yesterday, the trade was unable to hold those gainsdespite seeing some rather impressive Japanese Machinery orders results yesterday.
USD Mid-day Analysis
The Dollar starts out on a positive track today in the wake of negative German inflation readings andongoing ideas that the ECB is preparing to ease next month.
CAD Mid-day Analysis
The Canadian appears to have run into a moderate wall of resistance around 92.00 butpart of that loss of upside momentum might be the result of periodic recovery action in the US Dollar.
GBP Mid-day Analysis
The Pound looks to have won by default overnight. While UK CPI, PPI and RPI readings were justbarely above unchanged, compared to the weaker German inflation readings,
FX Daily Majors
Today’s highlights: EURUSD spotlight remains on key support at 1.3643/30, below which is needed to add weight to thoughts of a larger top.
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).
JPY waiting for higher US rates
We have been the coherent JPY-bears for two years, and still see a rate of 115-120 in 2015. However, a trend of yen depreciation will not continue uninterruptedly in the markets.
The Global Macro Pulse
USDJPY has continued to edged higher to 101.57 after failing to break meaningfully below 101.20 overnight. The AUD remained under pressure, dipping below 0.93,
UBS Morning Adviser
The Increasing Influence of Commodity Prices Iron ore’s drop below US$100/tonne comes at vulnerable time for the Australian dollar,