Latest Forex Research
Housing Finance – March; ABS House Prices – QI 2014
The total number of housing loans to owner-occupiers fell by 0.9% in March, to be up 7.3% over tha past year.
Asian Currencies Technicals
After making headway above the 21-DMA ($0.9322) the AUD/USD is pausing at the $0.9395 resistance level. Initial support is now noted at the $0.9348 May 9 low with bears needing a close below to ease the bullish pressure.
Daily FX Wrap and Strategy
The NZD/USD has been tightly range-bound over the past24-hours. It sits little changed at 0.8620 this morning.Overall, currency markets traded without too much dramaovernight, and the NZD was no exception.
This week the scorecard recommends buying GBP…
This week the scorecard recommends buying GBP, NZD and CHF while selling NOK, AUD and USD.
USDJPY – hourly channel resistance & uptrend break suggest pullback
Again price have held above the key 101.33 level and momentum has created a bullish double bottom at the key 40 zone. Without a move below these levels,
Daily FX Update
FX markets are mixed, with growth currencies outperforming and safe havens weak. Equities are generally firmer and the U.S. 10‐year yield is up to 2.64%.
EUR Mid-day Analysis
The Euro has respected last week’s spike down lows and is showing some consolidation capacity to startthe action today.
CHF Mid-day Analysis
While the Swiss seems to have found some support on the charts, the currency did forge a quasidownsidebreakout and that could hint at more downside action in the days ahead.
JPY Mid-day Analysis
While a rise in bank lending activity facilitated some selling in the Yen this morning, the market looks tohave fairly solid support just under the market at 98.00.
USD Mid-day Analysis
A slight retrenchment in the Dollar is being seen to start as the Dollar was probably a bit overdone intothe overnight highs. One might have expected
CAD Mid-day Analysis
Obviously the Canadian was injured by its April jobs results. With the disappointing jobsresult, one has to doubt the validity of the recent rally in the Canadian.
GBP Mid-day Analysis
The Pound has managed to respect its up-trend channel support line and recover overnight. With aslight corrective setback at the end of last week that should balance the