Forex Market
GBP/USD Analysis
GBP consolidated gains and closed in NY Monday at $1.6235, the rate having eased off intraday highs of $1.6274.
EUR/USD Analysis
Closed in NY Monday at $1.3182, the rate recovered off pullback lows of $1.3173 after earlier posting a high of $1.3228.
Asian Currencies Technicals
AUD/USD: Daily Tech Studies Correcting From Oversold. The pair begins the new year having consolidated within a $1.0340-15 range for the past two weeks.
Mid-Day FX Market Analysis
EUR – Euro-dollar opened on a buoyant tone in Asia and lifted on strong cross demand to $1.3235, before profit take sales eased.
Daily Market Technicals
EUR/USD: Seen Pressuring Fibonacci Support At $1.3156. Euro trades with a heavy tone and seen pressuring Fibonacci support at $1.3156, 23.6% of $1.2662 to $1.3308 move.
USD/JPY Analysis
Late profit take sales pared gains to close in NY Friday at Y85.87, the rate having eased off 28 month highs of Y86.63 following speculation that the BOJ could introduce further stimulus measures to boost the economy.
EUR/USD Analysis
Closed in NY Friday at $1.3215, the rate having recovered off earlier lows of $1.3166 following the lack of progress in Fiscal Cliff negotiations.
Asian Currencies Technicals
AUD/USD: Remains Heavy To End 2012. The AUD/USD remains heavy as 2012 draws to a close with a close back above the Dec 24 high needed to relieve the immediate downside pressure.
Mid-Day FX Market Analysis
EUR – Closed in NY Thursday at $1.3240 after experiencing a sharp pullback to $1.3202 from an intraday high of $1.3284 as rate reacted to negative Fiscal Cliff comments.
Daily Market Technicals
EUR/USD: Bear-Divergence Signals On Daily Studies Warns. Daily studies continue to show bear-divergence signals and last week’s dragon-fly doji candlestick formation warns of a correction lower.
USD/JPY Analysis
Negative comments on the Fiscal Cliff negotiations Thursday acted to drop dollar-yen back from Y86.15 to Y85.75,
GBP/USD Analysis
Closed in NY at $1.6110 having seen a sharp corrective pullback from $1.6203 to $1.6067 as markets reacted to negative Fiscal Cliff comments.