Forex Analysis
GBP/USD Analysis
The pair closed in NY Tuesday at $1.6049 after rate had been given a boost earlier in the session to $1.6063 on release of stronger than forecast UK services PMI data.
EUR/USD Analysis
The pair traded between $1.3449 and $1.3503 last night in the US and started this morning at $1.3474. Tepid morning trades seen earlier with the pair struggling to
AUD/USD Analysis
Aussie started the session today at $0.9507 and encountered early weakness which pushed to down to an early low of $0.9495.
USD/JPY Analysis
JPY spent quiet morning in Asia within last night’s US range but ran into afternoon weakness as Japanese stocks surged. Dollar-yen opened at Y98.49 and
Financial Markets Wrap – OctobER: Wake Us When It’s Over
• US Congressional dithering kept traded volumes light, volatility low, and ranges tight.
USDJPY – above 98.53 reasserts call for a wave-3 of (3) rally
$JPY is sitting on critical uptrend support this morning with wave-2 retracing a larger than expected portion ofthe rally from 97.81 to 98.85.
EUR Mid-day Analysis
There has been little follow-through from Monday’s reversal for the Euro this morning, although priceshave been able to hold their ground well clear of yesterday’s lows.
CHF Mid-day Analysis
A successful retest of the 109.50 support area has helped the Swiss Franc bounce back from earlypressure, although prices remain on the defensive coming into this morning’s trading.
JPY Mid-day Analysis
Positively received comments from Bank of Japan Governor Kuroda has given the Yen a moderate boostthis morning, but the continued erosion of safe-haven support is helping to keep further gains in check.
USD Mid-day Analysis
While managing to avoid any negative surprises from recent US data, it has been comments by keyFed officials that has softened the Dollar’s upside momentum heading into this morning’s trading.
Morning FX Market Commentary
EUR/USD correction takes a breather EUR/USD found a new equilibrium in the 1.35 area after last week’s setback.