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  • Asia-USD Index: Having upset the trend of higher highs and higher lows, the ADXY Index now seems likely totest support levels at 113.58-113.95 as it has done every year since 2011.
  • USDKRW: Continues higher and is likely to rally to 1,096 (200 week moving average). Focus is on Korean 2year yields relative to the policy rate. An inverted curve there, should we see it, would be a good indication of arate cut.
  • USDTWD: In line for a bullish monthly - confirmed on a close above 30.05 tonight.
  • USDPHP: A close tonight above 44.29 would result in a bullish outside month.
  • USDTHB: Closed above the double bottom neckline which suggests a rally to 32.90
  • USDCNH and USDCNY: While USDCNH closed above the 55 day moving average we did not see the sameon USDCNY. In addition USDCNH still needs to rally through the double bottom neckline at 6.18. What...

More Latest Stories


USD: USD buying is stretched against every G10 currency, so strong data is needed to keep momentum to the USD buying. Personal income personal spending, PCE, Dallas Fed and Evans (2015 voter) are today. Spending should rebound after a soft July (if not sell USD), Core PCE is expected to fall on base effects.

EUR: Tomorrow’s CPI the focus for EUR, Germany and Spain are...


USD: Consolidation in USD trades is likely today and long USD positions are stretched (dev. From 200d MA). Third print of Q2 GDP is expected to be revised higher. The surprise would be is 4.8% or above. Focus is shifting to next Wednesday’s ISM and Friday’s NFP.

EUR: Heading into CPI and ECB next week, investors are likely to maintain a bearish view however be wary of...


USD: Market shaking off still dovish tone from Evans overnight. Durable goods (13:30BST) is typically second tier, but further strength after convincing housing numbers would be bullish USD. Bounce in core orders expected following the dip in July. Topside pressure point on non-defense cap goods ex-aircraft is at 0.5%. Headline should be discounted as impact of large aircraft order rolls off...

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Format: 31/10/2014
Format: 31/10/2014


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