Forex Analysis
EUR/USD Analysis
It was a quiet start for the euro this morning as it opened at $1.3785, toward the low end of the overnight $1.3784 to $1.3810 range.
AUD/USD Analysis
Aussie was among the main movers this morning, as it retreated under pressure from comments by RBA Governor Glenn Stevens early in the day.
USD/JPY Analysis
JPY started the Asian day around Y97.68 and edged higher in quiet early trades to Y97.72, the high for the session so far. It slipped back a few notches but
RBA Governor Jawboning the AUD Lower
* Markets should prepare for the “tapering” shift by the US Fed in coming months.
Markets Outlook – Too Soon To Tell
* OCR review to maintain 2014 rate hike message * LVR impact to date no more than anticipated?
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Down this week The NZD looks set to underperform during the week ahead with the RBNZ likely to sound a more dovish note.
Weekly Commentary
Living in New Zealand comes back into fashion The New Zealand economy is quite volatile compared to others in the OECD.
EURGBP – wave-iv bull triangle ahead of rally to .8585 targets
With the breakout above .8505 confirmed, there is a target zone developing at .8585. From the October low,the wave-2 consolidation between .8428/.8505 led to
EURUSD – 1.3742/3704 critical support this week
We are showing the weekly chart of the Euro again to clarify our shift from bullish to neutral in preparation for amajor turn in the weeks ahead.
USD still in freefall
The US dollar continued its correction against most currencies last week, with the DXY dollar index testing 79.2.
EUR Mid-day Analysis
A quiet weekend has helped the Euro consolidate recent gains, but has also put some near-term brakeson its recent rally as well.
CHF Mid-day Analysis
The loss of safe-haven support has also put the Swiss Franc under modest pressure this morning,although prices have gravitated towards the middle of last Friday’s sizable trading range.