Forex Market

GBP/USD Analysis

Closed in NY at $1.5526, off late NY recovery highs of $1.5535 after rate had seen lows earlier in the day at $1.5470 ($1.5462 post NFP Friday).

Closed in NY at $1.2318, off recovery highs at $1.23248 after rate had seen lows earlier in the day of $1.2225. Early demand into Asia saw a US bank target stops above $1.2325 but efforts were thwarted as rate topped out at $1.2322.

USD/JPY Analysis

USD/JPY was tied to a range of Y79.47/79.60, with little to move the pair. Offers noted layered towards Y80.00, with intraday stops above Y80.05/10. Bids noted at y79.20/25, with stops below Y79.05.

Asia today: Bad news for the AUD as China import growth slows

AUD took a hit in the Asian session, falling across the board and losing some 30 points versus the US dollar, after the China trade report for June showed that port growth had slowed.

NZD/USD Analysis

The NZD is little changed at $0.7962 vs $0.7964 U.S. close after making small gains in the overnight session as the AUD and the EUR rose.

Asian Currencies Technicals

AUD/USD: Bouncing from lows for now. The pair has bounced from the June 29 hourly support but needs to close above $1.0242 to see focus return to tests of the July 5 highs.

Market calms after Friday histrionics. More volatility to come

After Friday’s fireworks, things got pretty quiet today, but there is plenty to ponder in the pipeline of event risks this week as we may have just seen the beginning of a bigger move.

GBP Analysis

Opened early Europe at $1.5493, stg0.7935, GBP closed in NY Friday at $1.5490, off session lows of $1.5462. Rate was pressed lower into early Asian trade, as rate tracked the early downside pressure on EUR/USD, though rate remained above its Friday lows, meeting demand around the $1.5470 level.

JPY Analysis

Opened in early Europe at Y79.70 and Y78.99, opened in Asia at Y79.68 and pressed lower on reaction to Friday’s drop in US yields, dollar extended losses and triggered stops to Y79.42.

EUR Analysis

Opened early Europe at $1.2295, EUR/USD closed in NY at $1.2285, off traded lows of $1.2260, with rate under pressure into early Asian trade as traders marked rate lower on reaction to weaker than expected Chinese inflation data and ahead of today’s Eurogroup meeting where expectations have been dampened by Finland’s comments Friday highlighting the […]

Behavioral Finance: Daily Forex Outlook: Grim resignation over US jobs

EUR USD (1.2290) Although it is common to talk about investor disappointment with the US payroll data, the latest figure was the closest to the consensus forecast so far this year.

FX Trends Daily(FOCUS: EUR/USD)

Last week, the EUR/USD went back to the decline and broke a support at 1.2289 (May 2012 low pivot). This signals an extension of the downtrend towards 1.2134 (longterm retracement).