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Forex Analysis.

Currency analysis list

24/04/2015

CMC Markets, Michael Hewson said: yesterday’s euro decline bounced off the support line from the 1.0520 lows keeping the recent uptrend intact. This keeps the prospect of a move back to 1.1000 v ... [more]

23/04/2015

The euro continues to edge higher towards the highs of last week, towards 1.0850, and the potential for a move towards 1.1000. Only a break below trend line support at 1.0680 from last week’s lo ... [more]

20/04/2015

The last time the euro posted 4 days in succession was over 12 months ago, suggesting that we could be gearing up for a rebound, said Michael Hewson, analyst at CMC Markets. For the EUR/USD, last week ... [more]

20/04/2015

For today, the ECB will announce details of its QE purchases, while ECB Vice President is scheduled to speak at the European Parliament. The only notable release is euro area construction output which ... [more]

20/04/2015

For today, the ECB will announce details of its QE purchases, while ECB Vice President is scheduled to speak at the European Parliament. The only notable release is euro area construction output which ... [more]

20/04/2015

For today, the ECB will announce details of its QE purchases, while ECB Vice President is scheduled to speak at the European Parliament. The only notable release is euro area construction output which ... [more]

10/04/2015

Michael Hewson, chief analyst at CMC markets noted that “With the problems in Greece continuing to act as a running sore it is becoming increasingly apparent, despite yesterday’s latest re ... [more]

12/03/2015

CMC MARKETS: EURUSD – the euro continues to close in on the 1.0500 level, after this week’s slide below 1.0800. A break below here has the potential to open up a move towards parity. To st ... [more]

12/03/2015

DANSKE BANK. The combination of euro weakness and a re-pricing of the Fed has led to a significant decline in EUR/USD over the past weeks and we see no reason why it should stop just yet. We have been ... [more]

12/03/2015

The USD rally continued yesterday, GBP traded markedly lower against USD having performed relatively better compared to the other G10 currencies, said analysts at Lloyds Bank. US retail sales may att ... [more]

10/03/2015

According to analysts at Lloyds Bank we start the day with European data, which if positive is likely to see market participants sell into EURUSD and limit the upside, 109.20/1.1045 is trend resistanc ... [more]

10/03/2015

DANSKE BANK. The USD rally gained further tailwind yesterday and EUR/USD dropped below 1.08 overnight supported by some hawkish comments from Dallas Fed president Richard Fischer (non-voter, Hawk) say ... [more]

06/03/2015

MICHAEL HEWSON, CMC MARKETS. Weekly jobless claims have come in above 300k for three of the last four weeks in a sign that job losses in the manufacturing sector could well be starting to bite as US o ... [more]

05/03/2015

DANSKE BANK. The EUR is falling like a stone, particularly against the USD. We think this move has further legs. It appears that rising FX hedge ratios from real money investors into EUR assets are d ... [more]

05/03/2015

The USD made gains against EUR, GBP and other European currencies yesterday, while the commodity currencies held relatively better, said analysts at Lloyds Bank. This could be market positioning ahead ... [more]

04/03/2015

For EUR/USD, Eurozone PMIs are likely to have a muted market reaction, said analysts at Lloyds Bank; instead we expect USD to be the main driver. The year’s low of 1.1098 is the next focus on th ... [more]

03/03/2015

EURGBP has reached and is holding important support around .7250, with a number of technical indicators looking for a move at least back to .7410-.7475, as analysts at Lloyds Bank noted.After the Euro ... [more]

02/03/2015

DANSKE BANK. The coming week will be eventful and will, in our view, drive more USD strength, particularly against the EUR. European asset markets are performing well and foreign inflows are picking u ... [more]

02/03/2015

We start the week with European data. The EUR is already under renewed pressure, with the EURUSD back to recent range lows, analysts at Lloyds Bank alerted.More relevant comments by Lloyds Bank expert ... [more]

26/02/2015

DANSKE BANK. The GBP has performed strongly so far in February appreciating more than 3% against both the EUR and the USD. Fundamentally, the recovery remains on track in the UK and we are still optim ... [more]

26/02/2015

Having seen the USD come under pressure despite a relatively neutral tone from Yellen at her testimony to the Senate earlier this week, US data this afternoon has potential to prompt further USD weakn ... [more]

25/02/2015

Fed Chair Yellen’s testimony before the Senate yesterday prompted a general USD sell-off, according to analysts at Lloyds Bank. More so against the commodity currencies, US equities traded highe ... [more]

25/02/2015

DANSKE BANK. Relative monetary policy is back on the agenda in the global FX markets. Although Yellen’s statement in her semi-annual testimony to Congress yesterday was quite neutral, we still e ... [more]

25/02/2015

BK ASSET MANAGEMENT. The Federal Reserve is in no rush to raise interest rates according to Janet Yellen’s semi-annual testimony on the economy and monetary policy. While the central bank govern ... [more]

24/02/2015

DANSKE BANK. Focus will be on Janet Yellen's semi-annual testimony at 16:00 CET in the Banking Committee of the Senate. Following dovish minutes but hawkish comments from Fed members after the la ... [more]