Daily Archives: September 28, 2011
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Small base through 1.3602, but only above 1.3796/3810 sets up a more sustainable rebound. We look for a cap here and erratic digestion below into quarter-end. October threat still to 1.3050
FX DAILY STRATEGIST: Europe – 28 September 2011
Risk rally built on shaky grounds; we remain cautious Yesterday’s rally is perhaps best characterised as a combination of positioning and a small dose of glass-half-full optimism. Certainly there was some good news: the passage of the Greek property tax; and of the EFSF reform bills by Austria and Slovenia; Finland is expected to follow […]
Behavioral Finance: Daily Forex Outlook: Reality tames euro optimism
EUR/USD (1.3555) An imaginative and hopeful market anticipating an imminent political solution to the eurozone debt crisis pushed the euro to a one-week high yesterday. But over the course of the day the brief optimism over the idea of the enlarged EFSF and the two-trillion euro figure disappeared as European politicians like German finance minister, […]
FX Techtonics Daily – EUR/USD: corrective rise from 1.3360 probably not over
EUR/USD EUR/USD should break above yesterday’s high of 1.3670 and rise to the 1.3795/1.3800 resistance area before pointing back to the January low of 1.2860.
Daily FX Technical Strategy – Markets take a breather
Following the large moves last week, it is perhaps not surprising that so far this week the technical evidence points to a period of consolidation and correction, which would allow momentum and sentiment to normalise from recent extreme readings.
UniCredit EEMEA Daily
News BG: Neutral – GED down 0.4% mom in July, MinFin sells EUR 35mn of 5Y bonds (p2) KZ: Mixed – M3 shrinks 2.3% mom in August (-2.1% momsa) (p2)
Technical Analysis: Technical Alert: Is “risk-on” off again?
In several markets we think we see tentative signs that the correction (risk-on) is fading already, though this has yet to be confirmed to fully realign price action with underlying “risk-off” trends. EURUSD under 1.3481, GBPUSD below 1.5432 & EURJPY under 102.86 would be the confirmations we are looking for in majors…
Emerging Markets Cross Assets: Shooting at moving targets
With recent volatility recalling memories of autumn 2008, the way forward is very unlikely to be either straightforward or smooth. However, while the present investment environment is difficult it offers potentially large gains.
Global Technical Watch – Quick Charts (Sep 28)
On the heels of the reversal signals highlighted yesterday, markets continue to stabilise and take a breather. The pattern in the DAX is encouraging, as it is broadly holding up above lows of a Bullish Reversal week from mid-September and is also threatening to complete a basing pattern.