Daily Archives: September 1, 2014
Daily FX Wrap and Strategy
The NZD was the best performing major against the USDlast night, though to be honest, it did not take much.
Aussie Currencies Technicals
AUD/USD did little Monday with the pair having failed to make an impact on the key $0.9374 resistance and
FX Majors Trading Strategies
EUR/USD: remains heavy after opening this week near the low from September last year.
GBP Outlook: Weaker versus USD, stable versus EUR
During August the pound weakened against the US dollar in terms of London closing rates from 1.6883 to 1.6579.
USD Outlook: Stronger
During August the US dollar strengthened against the euro in terms of London closing rates from 1.3383 to 1.3145.
Technician
EUR/USD: Momentum strongly pro-decline. Euro clearly oversold. Correction likely, closeness of 1.300 level increases the likelihood of this.
AUD/USD Technical Analysis
In AUD/USD, Commerzbank notes that it comes off the 55 day moving average at .9360 which is still expected to cap,
USD/JPY Technical Analysis
USD/JPY still bounces off the 61.8% Fibonacci retracement at 103.66 hovering around the 104.13 April high, notes Commerzbank.
Central European Daily
Election of Tusk as next EC President makes PLN nervous Polish PMI remains below 50
Daily Technical Report
EUR/USD continues to move lower and is nowclose to its key support at 1.3105 (06/09/2013low).
FX Daily Majors
Today’s highlights: EURUSD breaks to a new cycle low leaving the trend directly bearish to 1.3104, then our 1.3020/15 target.
USD/JPY: Sep-Oct offer bullish opportunity
September is here. We are now approaching the biggest focal point for the year regarding how the USD/JPY uptrend will pick up pace.