Technical Analysis
Big drop in Gold is observed. Renewed OMX selling is a risk
EURUSD: Price action yesterday does not reveal any fresh current in the market. The 1.3576/13651 range has to be violated to indicate an increased chance for a directional move.
Daily Market Technicals
The consolidation within the recent $1.3576-1.3651 region has seen a triangle develop on the dailies.
Aussie Currencies Technicals
AUD/USD continues to look a little heavy with it struggling at the 21-DMA ($0.9401) to start the new week.
Technician
EUR/USD: Momentum almost neutral with exception of ROC50, which is pro-decline. Momentum favors decline from current levels.
Daily Technical Report
EUR/USD is consolidating after Thursday’sdecline. A bearish bias is favoured as long asprices remain below the resistance at 1.3664(03/07/2014 high).
Daily Market Technicals
EUR/USD continues to find support ahead of the $1.3564-76 region with the rising weekly channel base off July 2013 lows coming in at $1.3576 and
Markets Outlook – Speeding Tickets
We anticipate the CPI to show a 0.4% increase in the second quarter. This would see annual inflation rise to 1.8%,
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Up/neutral this week We adopt a cautious positive bias this week.
Asian Currencies Technicals
Bears continue to dominate with fresh 2014 lows last week retaining immediate focus on Sgd1.2342 Oct 2013 monthly low.
Aussie Currencies Technicals
AUD/USD is looking a little heavy following last week’s spike which lacked follow through.
AUD/USD Technical Analysis
In AUD/USD, Commerzbank notes that its key reversal on Thursday led to the 2014 support line at .9365 to be revisited.
EUR/USD Technical Analysis
EUR/USD is heading back down to the current July low at 1.3576 below which lies the much more important 1.3503 recent low and