Forex Forecast
Technical Alert: Softer euro & stronger dollar, part II
Little has changed over the past 24hrs… EURUSD, GBPUSD, AUDUSD & EURJPY all trades with a short-term downside bias, with important refs below at 1.3259, 1.5577, 1.0140 & 103.35 – All within reach…
USD/CAD: fragile bounce on 1.0080 support level
EUR/USD We cannot rule out a rise back to last Friday’s high of 1.3550, or even to the 1.3610/15 resistance area, before the EUR/USD points back to the early October low of 1.3145.
Technical Alert: Softer €uro, stronger $ and lower bond yields
Weaker euro – stronger dollar seems to be the name of the game. EUR/USD ended its upward correction Friday and should continue drifting lower, EURJPY same thing, 103.35 crucial support, EURSEK no visible support of importance until 8.98/9.00, EURNOK 7.7340 kind of a watershed support,
Daily FX Technical Strategy – Not yet a game changer
Concerted intervention yesterday by the major central banks was successful in driving short end yields lower as liquidity problems eased. Risk rebounded sharply but it is too early to assume that this action was a game changer.
Technical Alert: EURSEK scene changed after GDP & USD correction completed?
Most leads indicate that the correction lower in the dollar is over. Above 79.37 in the dollar index and below 1.3273 in EURUSD would fully confirm this… AUDUSD seems to have at large respected overhead resistance and is also southbound again…
HSBC: Currencies: Technical Analysis: Euro: magazine cover alert
Sentiment towards the Euro is negative. Although we still anticipate lower levels ahead, we highlight an indicator that is worth noting. Volume in stocks expanded on strong breadth during yesterday’s up day.
Technical Analysis: Technical Alert – reaction time
Theme for today seems to be countermoves… EUR/USD gapping higher from a deeply oversolde status makes continued upside reaction likely, USDJPY posted a bullish weekly candle,
Technical Alert: Key junction ahead – make or break?
Bascially same theme as yesterday only with the difference that many markets (dollar pairs, EURSEK, EURNOK, CRB, Bonds, equities etc) now eveb closer to their respecive key junction. Short term stretched conditions might trigger a short term setback before breaking.
Daily FX Technical Strategy – Temporary firebreak
The Thanksgiving Day holiday in the US today should act as a firebreak to the recent risk sell-off but there is little to suggest it will prove a watershed.
G-10 Spot Trading Commentary
EURUSD Support: 1.3320 1.3279 1.3240 1.3145 EURUSD Resistance: 1.3420 1.3540 1.3570 1.3610 (trendline resis) 1.3620 1.3660 1.3720/30 1.3820 Another day of selling from the real money community yesterday was eventually met with good end user demand on a 1.33 handle, which has slowed the selloff for now.
Technical Alert: dollar in demand, the rest..not. Bunds having peaked?
Dollar seems to be increasingly in demand with the Dollar index soon at its previous peak, an important junction confirming that we are leaving the base area and entering a trending phase.
Technical Analysis: Technical Alert: Commodities and their FXers in trouble
Commodities trade lower and their FXers goes down with it and this edge out as a key theme in ann overall backdrop of poor risk appetite… AUDUSD could extend losses into the mid-0.96s and USDCAD could advance further (with a target at 1.0640)…