Latest Forex Research
Daily Market Technicals
Since breaking and closing below the 100-DMA for the first time since early Feb the pair had consolidated below as it hesitates ahead of the rising daily trend line and Apr 4 monthly low.
AUD/USD Analysis
It’s been a fairly lackluster session for the aussie today after it opened at $0.9372. It started with slight move lower as risk sentiment tilted in favor of the US dollar, with aussie-dollar then slipping below $0.9370.
EUR/USD Analysis
The pair started this morning at $1.3715 after a $1.3703 to $1.3723 range in the US last night. It drietd down a few points to a $1.3713 low but then picked up demand from various accounts from
GBP/USD Analysis
The pair closed in NY Wednesday $1.6766 after rate had been sold off from $1.6875 following an initial reaction to the wage component of the UK jobs data,
USD/JPY Analysis
The pair opened at Y101.90 this morning and ran into mild early weakness, which nudged it down to Y101.80 in the opening hours. It was holding just under when Japan’s Q GDP data were released and
Asian Currencies Technicals
AUD/USD continued to work its way towards the $0.9426-61 region on Wednesday but the pullback from the highs in NY is a little worrying.
Daily FX Wrap and Strategy
The NZD was the strongest performing major currencyovernight, gaining 0.4% against the USD to 0.8670.In a night where bond markets seemed to express a viewthat US, EZ, and UK bond yields would remain low for longer,
ECB Weidmann: Open to Act if Needed But Naturally Await Data
The European Central Bank is in principle willing to take action, but whether it takes any depends on the latest data, ECB Governing Council member Jens Weidmann said Wednesday.
EUR Mid-day Analysis
The Euro bulls have to be cheered by the capacity to bounce today in the face of fresh ECB easing hints.In fact, the Euro has managed to track higher despite news that Euro zone March Industrial output declinedrelative to
CHF Mid-day Analysis
The Swiss continues to track in sync with the Euro and it is impressive to see the Swiss higher thismorning in the face of fresh ECB easing talk.
JPY Mid-day Analysis
An apparent downside shift in global macro-economic expectations has rekindled long interest in the Yen.Therefore a slight safe haven tilt appears to have re-surfaced with Fitch affirming Japan’s A+ rating.
USD Mid-day Analysis
Seeing the Dollar tracking slightly lower this morning in the wake of easing hints from the ECB,highlights a currency that is slipping back out of favor.