Daily Archives: February 8, 2012
EUR/GBP Technical Analysis
(0,8340) EUR/GBP is confirming further consolidation interior the inside day with 0,8400 – 0,8270 still the levels to follow in the coming hours. The closing last night was strong above the top of the previous session suggesting further strength.
FX Market Technical Research
EUR/USD is right at the top of the 1.3280 range, this represents a return to point of break out from the previous uptrend (see weekly chart on the next slide). However the move yesterday looks directional and that the market appears to be breaking higher from a bull flag pattern.
Technical Analysis
It’s a euro relief rally… possibly towards 1.34 in EURUSD and above 102.50 in EURJPY… This move is also felt in EURCHF which is eyeing resistance at 1.2110 – an opener for 1.22 (the yearly high) and in EURAUD where a bullish “Key-day reversal” is in the making…
Bond Analysis
German government bonds are opening lower Wednesday amid optimism over a Greek deal. This optimism is despite delay in talks yesterday between the three coalition party leaders and deferred until today due to “arrival of new document” containing the reforms and austerity measures.
EUR/JPY Technical Analysis
(102,30) The EUR/JPY confirmed a strong closing last night well above the resistance of the inside day at 100,85 supporting the extension that this morning favoured a test of the 102,45 area.
EUR/USD Technical Analysis
(1,3274) The EUR/USD confirmed a strong closing last night above the resistance of the positive outside day at 1,3230 supporting further strength. Possible an overshooting toward the 1,3450 area!! The indicators of the daily chart are still well positive supporting further strength.
UBS Morning Adviser Europe
Optimism Rises On Deals The euro is trading on a firm note as markets are somewhat more optimistic that several outstanding issues on Greece are close to resolution. Firstly, late into the session on Tuesday a Greek government spokesperson finally announced that political leaders would meet on Wednesday to respond to the bailout proposals by […]
GBP/USD Analysis
Closed in NY at $1.5900, just off its recovery highs of $1.5906 seen as rate was pulled higher by EUR/USD stronger rally as market reacted to reports that a Greek debt deal was close to conclusion.
USD/CHF Technical Analysis
(0,9113) The USD/CHF is confirming further consolidation interior the negative outside day with 0,9265 – 0,9100 still the levels to follow in the coming hours. A daily closing below 0,9100 will support a deeper correction toward 0,9077 our s/t target with even a possible undershooting toward the 200 days line.
Gold Analysis
Spot gold is heading higher again this morning in Asia after posting strong gains in NY yesterday as optimism builds that the Greek cabinet will accept the austerity agreement finally drafted yesterday.
USD/JPY Technical Analysis
(77,04) The USD/YEN failed to confirm the small negative day reversal extending instead the move up above 77 with already a test of the 100 days line at 77,16. The indicators of the daily chart are now positive supporting further strength.
EUR/USD Analysis
Closed in NY at $1.3261, just off recovery highs of $1.32708 seen after the euro made strong gains on reports that a Greek debt deal was nearing conclusion. Rate initially edged to $1.3266 into early Asian dealing on EUR/AUD demand, with demand for EUR/JPY also seen into the Tokyo fix.