Forex Strategies

Daily FX Update

News that Japan has fallen into recession is weighing heaving on markets leading into the NA open and

EUR/USD: Stay long even though spot is back to the session-low.

The NZD/USD ended the week at little higher at 0.7910,although slightly below intra-night highs.

The USD is broadly stronger into the open, reacting to both the fundamental currency outlook,

Today’s highlights: GBPUSD removes the top of the 2013 base at 1.5752/22 to

EUR/USD: has had a slow week, trading heavy but holding the 1.2400-1.2500 range.

When the Riksbank cut the repo rate to 0.00%, the corridor around the repo rate for fine-tuning operations was also changed,

The NZD/USD sits at a similar level to yesterday morning, around 0.7890 currently.

The USD is mixed as we head into the NA session, with commodity currencies (ex-CAD) outperforming following the

EUR/USD had a rather volatile session yesterday but is in no man’s land.

Today’s highlights: GBPUSD has declined to test key basing and

We revised our G10 FX forecasts earlier this week to reflect stronger conviction in a USD upswing.