Monthly Archives: October 2011
Technical Analysis: Technical Alert: Another downside EUR/USD attempt
The euro looks offered again… EURUSD focus on the recent 1.3653 low and in EURJPY the high 104s is of great interest… EURCHF broke a triangle earlier and is targeting 1.2535…
FT: Eurozone leaders meet in Frankfurt
France’s president Nicolas Sarkozy flew to Frankfurt on Wednesday night for an emergency meeting with leading players in the eurozone crisis including German chancellor Angela Merkel, as Franco-German differences bedevilled attempts to agree a comprehensive package of measures.
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Still a cautious topping risk, despite rebound ahead of trend support, at 1.3675 today. But rally back through 1.3938 needed to re-energize October upside GBP/USD: Probe of 1.5667 eases bull risk for a mini-top. Despite rebound, threat this week is back down to the 1.5543/25 chart support area
UniCredit EEMEA Daily
News HU: Positive – August gross wages rise 6.5% yoy (p2) LT: Positive – Govt presents 2012 draft budget to parliament and announces details of three-year financial plan (p2) LV: Mixed – Previous parliamentary speaker re-elected, President initiates further coalition talks (p2) PL: Negative – Labor market data confirm economic slowdown (p3) TK: Mixed – […]
FX DAILY STRATEGIST: US – 19 Oct 2011
Eurozone headlines to remain in the driver’s seat Markets have continued to trade the USD in the context of a risk on/off mindset and today risk- on has prevailed with the USD softer across the board. The catalyst in Asia was the expansion of a Japan-South Korea currency swap arrangement by a year and to […]
Bank of England Minutes – go in short GBPUSD and stay short
The strong link between EURUSD and GBPUSD saw GBPUSD dragged higher overnight on reports in the Guardian which claimed that France and Germany had agreed to increase the size of the EFSF to EUR 2trn from EUR 440bn.
Behavioral Finance: Daily Forex Outlook: EFSF leverage unlikely to ease debt worries
EUR/USD (1.3810) The euro and the equity markets moved up on the Guardian’s Tuesday evening report that France and Germany have agreed to boost EFSF to two trillion euros. Germany’s Finance Minister Schauble’s comments later that EFSF will expand to a maximum 1 trillion, although confusing, give an impression that eurozone politicians are at least […]
Technical Analysis: Technical Alert – Whipsaw markets
After Monday’s reversal patterns the market yesterday begun correcting them (and in some cases nullifying them). For today especially some $-pairs coming close to important levels (returning bids or breaking Monday’s low point).
FX DAILY STRATEGIST: Asia – 19 October 2011
Market rallies on story of an expansion of EFSF which was later denied After a breadth of negative euro news resulting in risk-off trade for much of Tuesday, the market sharply turned around on a UK Guardian report that France and Germany agreed to boost the EFSF to EUR2trn. The EFSF would become an insurer […]
Behavioral Finance: Daily Forex Outlook: The deflator
EUR/USD (1.3775) The euro slid almost 200-pips early on Monday after German finance minister Schäuble announced that the October 23rd summit will not present any definitive solution to the eurozone debt crisis.
Technical Analysis – FX Daily Majors
Today’s highlights: EUR/USD: Near bearish “outside” pattern back from key 1.3938 resistance level hints at mini-top. Only below 1.3625 confirms a short-term reversal, confirmed below 1.3565
SG FX Daily – EUR/USD recovery is over
China’s GDP growth duly slowed to a ‘mere’ 9.1% on an annual basis in Q3. Industrial production picked up to 13.8%, retail sales to 17.7%. It is hard to interpret these figures as anything other than an orderly slowdown, but already policy-makers are sounding more relaxed about inflation and warnings about the risk of a […]