Forex Forecast
Technical Alert – More pressure on the EUR , NOK/SEK, oil
After a couple of days digesting the €uro drop dark clouds are again gathering and renewed pressure seen in most euro pairs.
Technical Alert: Minor congestions ending(?), NOK/SEK to be watched
Basically continued congestion seen overnight with many pairs in what we see as the latter stages of this minor correction. EURUSD the ideal pattern calls for a corrective top now to be in place, hence downside pressure to increase, EUR index continued to print fresh lows yesterday pointing to the underlying weakness of the common […]
Technical Alert – commodity universe in decline and $ in fashion
The demand for dollars continued also yesterday and execept for a short pause (currently in the midst of it) we see more of the same. Commodities (CRB basically free falling after Monday’s break of key support and Oil breaking its neckline).
Technical Analysis: Technical Alert: The euro got trashed again
Though not so good for those still wearing euros it is… EURUSD has been allowed below the 1.3145 ref and focus turns to the even more important 1.2860 level… EURJPY holds the Sep low of 100.70 fully in sight and AUDUSD is likely to fall further – then with a possible 0.9770 objective in mind…
Technical Alert: Europhobia (and some scandie & CEE weakness)
There was a good post-summit euro-bashing going through yesterday (only scandies & CEEs did worse)… EURUSD is thought to take out the 1.3145 ref today (despite rumored options defense ahead of it) and bring an upside break above 79.84 in the dollar index…
Technical Analysis: Technical Alert – Scandies back to square one
Strong surge in German yield – keep an eye at 2.27%. The key day reversals reported Friday has seen mixed outcomes. Scandies has more or less fully reversed its signals whereas AUD, NZD & CAD ones remains fully valid.
Asia Strategy Focus: USDAsia: Near-term bearish, medium-term bullish
I have been on a research trip to China, India, Indonesia, and Korea over the last 3 weeks. The key conclusion from these trips and from what we can observe in Singapore is that global negative factors will push USDAsia up in the near-term (see Figure 1 in attached report). However, in the medium-term fundamentals […]
Technical Alert – Reversal patterns printed in SEK, NOK & AUD
Still much of a euro waiting game but some very interesting signals given yesterday. EURSEK, EURNOK, USDNOK, AUDUSD, USDCAD, NZD/USD, USD index (and more) all posted key day reversals yesterday arguing for the congestion/correction to accordingly having ended.
Technical Analysis: Technical Alert – Waiting game
Very little happening overnight and more sideways action expected. EURUSD short term erratic clouded picture, $ index struggling to close above 78.73, EURSEK v v oversold so expect 8.98 support to cushion, USDSEK still resting on the trend line,
UBS Spot Desk: EURUSD Still A Dip Buy
Brave buyers of EURUSD on the lows yesterday have been rewarded with a rally of more than a big figure back to 1.3450 this morning. We still believe that risk sentiment, and therefore EURUSD, will stay supported into tomorrow’s ECB meeting and the EU summit on Friday, and we will continue to buy dips in […]
Technical Alert: CAD & scandie strength, swissy weakness
EURUSD seems confined to range still, but stay open minded since near-term up,- & downside risks are evely weighted… EURCHF looks near-term bullish so hold recent highs fully in sight (a confirmed triangle breakout could score notable swissy losses)…
Morgan Stanley FX: FX Daily Trading Recommendations
Optimism short-lived. Any optimism generated by the agreement between Merkel and Sarkozy on a common proposal regarding the future fiscal governance of the eurozone ahead of the EU Summit appears to have been quickly reversed by the credit rating warnings for the AAA members of Europe by S&P.