Forex Analysis
GBP/USD Analysis
The pair closed in NY at $1.6449 after rate had had initially posted extended recovery highs of $1.6605 into early European trading before squeezing to lows of $1.6410 in NY before recovering into the close.
EUR/USD Analysis
The pair opened at $1.3672 after a $1.3631 to $1.3689 range in the US last night. It spent the first few hours of the day trading in a choppy $1.3660 to $1.3673 range but without seeing any dramatic moves in the holiday-thinned market.
USD/JPY Analysis
The pair opened around Y104.79 this morning after it gave up the Y105.00 mark overnight in the US session. Initial morning trades were subdued with dollar-yen holding near Y104.80 in the early hours
AUD/USD Analysis
Aussie seeing solid stop activity through $0.8950 in thin trade as we approach the European open, as talk of continual corporate buying over the past two days has shorts in cover mode.
EUR Mid-day Analysis
With a gap down failure on the charts, weak European equities and lingering talk of additional US taperingearly in 2014 leaves the path of least resistance is pointing downward in the Euro.
CHF Mid-day Analysis
A gap down extension in the Swiss starts the New Year out on an extremely weak track. Initial support isseen down at the December low of 111.18 but more significant up trend channel support is seen down at 1.1006 today,
JPY Mid-day Analysis
A gap lower opening in the March Yen gives the bear camp an edge, even though the gap was fairly small.The Yen was undermined by softer than expected Chinese economic data,
USD Mid-day Analysis
The Dollar has started 2014 with a surprising jump up on the charts. In fact, after seeing discouragingDollar action in the wake of potentially supportive US data in the second half of December,
FX Daily
Market movers today * In Europe we expect further improvement in manufacturing PMIs in Italy and
GBP/USD Analysis
The pair managed to extend its 2013 highs to $1.6580 on the last trading day of the year Tuesday, the rate touching a high of $1.6580 before it eased off to $1.6530 in late thin trade ahead of the new year celebrations.
EUR/USD Analysis
A quiet start to 2014 for the euro this morning, as it opened at $1.3763 and, after a brief retreat to $1.3741, rebounded to $1.3775 even before any of the main Asian markets were fully open.
USD/JPY Analysis
The pair started the new year continuing with recent weakness in thin trading conditions, as markets in Tokyo remained closed for the rest of the week.