Forex Analysis
EURUSD – a-‘ b-c, bull flag decline sets up rally to new highs
The bull flag correction we laid unfolded according to plan and now an a-b-c pullback is complete.
EUR Mid-day Analysis
Improving risk appetites have also been a benefit to the Euro this morning, although there is still somecaution with taking prices back towards this week’s early highs,
CHF Mid-day Analysis
After surviving two retests of the 109.51 support level in as many sessions, the Swiss Franc is showingmoderate signs of strength early in today’s trading session.
JPY Mid-day Analysis
Being the safe-haven destination of choice has not worked well for the Yen late this week, as the markethas been probing the downside early in today’s session.
USD Mid-day Analysis
While still holding onto a sizable portion of recent gains, the Dollar is starting to look a little sluggish atthe end of a turbulent trading week.
FX Daily
Market movers today *In the US the House is expected either today or Saturday to vote on a bill that will temporarily increase the
EUR/USD Analysis
The euro traded in a $1.3505 to $1.3547 range last night in the US and then started in Asia at $1.3520. The pair showed a less-dramatic response to the debt ceiling talks news,
GBP/USD Analysis
The pair closed in NY Thursday at $1.5967 after rate had backed off its NY afternoon recovery high of $1.5979. A mix of disappointing US weekly jobless claims,
AUD/USD Analysis
Aussie had a fairly muted session this morning after it shook off the misery of yesterday’s jobs data to trade a high of $0.9471 in New York.
USD/JPY Analysis
Hopes of a deal to raise the US debt ceiling gave the JPY an early knock as risk appetite improved but things turned around after news that President Obama had rejected the proposal.
EUR Mid-day Analysis
While surviving a retest of yesterday’s low and recovering back towards unchanged levels, the Euro isshowing few signs of making any quick return to the recent highs anytime soon.
CHF Mid-day Analysis
A sizable bounce from a new monthly low has relieved the pressure on the Swiss Franc this morning, butit still has a long way to go in order to repair chart damage sustained in the past 5 sessions.