Latest Forex Research
FX Daily
Euro industrial production is expected to decline in March in line with the movementacross countries. The lower production is partly due to fewer working days in March.
Daily Market Technicals
After having found support ahead of the 100-DMA to start the new week the EUR/USD finally managed the first close below the 100-DMA since Feb which adds weight to the bearish case and
AUD/USD Analysis
Aussie traded a $0.9343 to $0.9383 range in the US last night and then moved higher after it opened at $0.9360 this morning.
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6827 after rate had extended lows to $1.6819 in late NY trade but struggled to build on the move. The recovery extended into Asia from an early low of $1.6825,
EUR/USD Analysis
Another day of broad weakness for the euro this morning in the Asia-Pacific, although the single currency has stayed above the US low so far.
USD/JPY Analysis
A morning of mild gains in the yen today after it started at Y102.26 vs the dollar and at Y140.13 against the euro. Dollar-yen started the session in a tight Y102.22/29 range and
BOE QIR: Putting the Focus Back On Inflation Projections
Analysts expect the Bank of England Monetary Policy Committee may use Wednesday’s May Quarterly Inflation Report and accompanying press conference to
Daily FX Wrap and Strategy
The NZD/USD was shunted around with the rest of themajors as markets responded to the US retail sales report. But overall, the currency is little changed,just 0.2% higher at 0.8630.
AUDUSD – bull flag on daily lead to s new bull flag on hourly; to .9600
We flattened our Aussie long near wave-(3) anticipating a wave-(4) correction minimally to .92. The correction completed and held key channel support.
April Retail Sales Affected by Revisions to March
Retail sales increased 0.1 percent in April after March’s increase was upwardly revised to 1.5 percent.Revisions to March’s numbers were across the board. April’s control group retail sales were down 0.1 percent.
Import Prices Temper in April as Food and Energy Pull Back
Import prices unexpectedly fell in April, declining o.4 percent. The drop came as food and energy prices pulled back, but prices for core imported goods recorded mild increases. On balance, import prices remain tame.
Daily FX Update
Markets are relatively quiet with the USD focused on individual domestic stories and negative developments for EUR. The Bundesbank has suggested that it would support stimulus;