Forex Forecast
Technical Alert – commodities, equities lower – dollar stronger
A surprisingly strong bounce in EUR/USD seen Friday but today we’re seems to be back on track for that outlined break lower…(targeting next 1.3145-ish). Commodites as a general looks soft and perhaps Oil will follow this time.
Technical Alert – weaker commodity currencies, USD back on track higher
After more or less a day of congestion/consolidation the market is back on track for a higher dollar. Notable are also the renewed weakness of the commodity currencies, underpinned by a drop in Chinese equities the past days.
Technical Alert – EUR/SEK & EUR/NOK – upside pressure mounting
Small relief moves seen this morning after the common currency overnight failed to attract follow throug sellers breaking to a fresh low, 1.3421. The relief is however expected to be temporary only…
Technical Analysis: Technical Alert: The euro is still the underdog while the dollar shines
The euro is still under heavy pressure and EURUSD & EURJPY (& AUDJPY) has been allowed to slip below supports (1.3484, 104.74 & ~78.00) which now could act as resistance levels.
Global FX Technical Strategist -15 Nov 2011
EUR/USD: Worrying return around ST 61.8% (1.3567) which is ST/MT pivot EUR/JPY: Worrying move back slightly below critical 104.75/91 support area with doji reversal cancelled
EUR/USD: ST upside potential limited
EUR/USD The 1.3865/75 resistance area should cap the upside and force the EUR/USD to point back to the October low of 1.3145.
Technical Analysis: Technical Alert: Italian yields still in focus & NOK looks exposed
Focus has shifted from Greece to Italy and Italian bond yields are still soaring…. The effect on the euro is so far absent, but the ongoing EURUSD consolidation still looks like part of a broader push lower.
Technical Analysis: Technical Alert: Skittish markets make predictions tricky
It looks like alredy skittish markets will remain edgy while waiting for Greek confidence vote and US jobs data… The move higher in EURUSD looks like a bearish flag, but below 1.3656 is needed to confirm… GBPUSD not as bearish anymore as yesterday thought.
Technical Analysis: Technical Alert – continued AUD selling
Dollar continues to be in favor. EUR/USD about to break down from its minor congestion range, AUD/USD has already done so and EURJPY facing a test of its B-wave low
Asia Strategy Focus: USDSGD: raise stop loss level to 1.307 from 1.286
On November 1, 2011 we recommended sell USDSGD at 1.273, take profit at 1.235 and stop loss at 1.286.
Daily FX Technical Strategy – Material chart damage
Renewed widening of yield spreads within the eurozone starkly highlights the contagion problem that is now taking hold. In turn, European equity markets reversed their recent uptrends, in many cases gapping lower in the process, suggesting extreme weakness is the likely outcome.
Daily FX Technical Strategy – Here we go again
Halloween proved to be a nightmare for the eurozone as sovereign yield spreads began widening once more, equity markets fell sharply and so too did the euro.