In today’s Morning Coffee Brief we find yesterday’s U.S. equity markets saw its first day controlled by the bulls on bullish global data most notable from Germany’s export data report. The report indicates export levels not seen since the crisis started in 2008.
The AUD/USD pair fell during the session on Tuesday, showing significant resistance near the 0.90 handle.
The EUR/USD pair went back and forth on Tuesday, ultimately settling into a slightly negative candle.
Ahead of Janet Yellen becoming FED chair focus has turned to the USD dollar and whether it is now set for a period of sustained strength, and one reason offered by dollar bulls as to why it still hasn’t taken off is because the euro is even stronger!
As we begin the U.S. Pre-Market equity session the S&P 500 futures are clawing their way higher indicating a stronger open this morning.
The AUD/USD pair went back and forth during the session on Monday, ultimately settling nothing.
USDJPY stays within a upward price channel on 4-hour chart, and remains in uptrend from 96.94 (Oct 25, 2013 low), the fall from 105.44 could be treated as consolidation of the uptrend.
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