Latest Forex Research
EUR/USD Analysis
The pair started in Asia this morning at $1.3709 after a $1.3648 to $1.3732 range in the US last night. It traded up to $1.3717 but lost ground as risk appetite took a hit from weak regional stocks.
GBP/USD Analysis
The pair closed in NY Thursday at $1.6788 after rate had recovered off earlier session lows of $1.6732, seen as rate tracked euro-dollar slippage,
USD/JPY Analysis
The pair started in Asia at Y101.58 after recovering from the overnight fall to Y101.31 lows. Early selling pressure saw dollar-yen slip a bit and this accelerated after Japanese stocks opened lower.
Nordea: USDJPY Analysis
Nordea Markets official forecast is unchanged: USDJPY at 102 in 3M, with downside risks.
US Yields Drop Sparks Risk Aversion: Something Is At Work?
The sharp drop in longer-term U.S. Treasury yields, seen in recent sessions and again Thursday, has sparked risk aversion in other asset classes, with the dollar tumbling versus most majors, and commodity and stock prices falling.
USD: Recovery Delayed, Not Dead
We retain conviction in our view that the US dollar recovery will gain traction as 2014 progresses and into 2015. At the same time, our mid-2014 forecasts for most G10 pairs now look to be a stretch.
Daily FX Wrap and Strategy
Having failed to crack 0.8700 overnight, the NZD/USD is 0.3% lower this morning at 0.8640. Both the AUD and the NZD drifted higher into yesterday evening,
EUR/USD At A Turning Point: New FX Forecasts
Mario Draghi’s ‘promise’ of further ECB easing in June could very well be the turning point for the euro and in general we have pencilled in more euro weakness to
EUR/USD: ‘Killing It Softly’; How To Trade It Now?
Appreciation of the EUR has unnerved the ECB and the Central Bank has signalled that it is ready to act as early as June, notes Nordea Markets.
EUR: From Hero To Sub-Zero Or Not Yet?
Investors have put on fresh EUR-shorts expecting more ECB action ahead of the June meeting, notes Citi.
ECB Constancio: ECB To Act ‘Swiftly’ on Too-Low Inflation If Needed
European Central Bank Vice-President Vitor Constancio said Thursday that the Eurozone was sitting in a “creditless recovery” with very low inflation but
EUR Mid-day Analysis
A huge range down extension in the Euro is justified in the wake of dismal economic readings fromFrance and Italy. Some might suggest that seeing Euro zone April CPI figures ring in at