Forex Market
EUR/USD Analysis
Closed in NY Thursday at $1.3240 after experiencing a sharp pullback to $1.3202 off an intraday high of $1.3284 as rate reacted to negative Fiscal Cliff comment.
Asian Currencies Technicals
AUD/USD: Sideways Trading Continues For Now. The AUD/USD is consolidating below the 100-DMA ($1.0396) with a close above the Dec 24 high needed to relieve the immediate downside pressure.
USD/JPY Analysis
The pair is likely to trade with a firm undertone today in Asia amid lingering speculation that the Bank of Japan would face stronger political pressure to ease the monetary policy under the government,
Mid-Day FX Market Analysis
EUR – Closed in NY Wednesday at $1.3226 after easing off an extended recovery high if $1.3254.
Daily Market Technicals
EUR/USD: Topside So Far Capped Ahead Of $1.3273 Fibonacci. Gains so far capped ahead of $1.3273, 76.4% of $1.3308 to $1.3159 move.
USD/JPY Analysis
After dollar-yen had settled through Christmas Day between Y84.60/90 the rate continued its recent march higher Wednesday,
GBP/USD Analysis
Closed in NY Wednesday at $1.6141, having pulled back from session highs at $1.6171 and was seen recovering off pullback lows of $1.6109 into the close (rate closed Dec24 at $1.6121 after recovering off a low in that session of $1.6101).
EUR/USD Analysis
Closed in NY Wednesday at $1.3226 (European markets returning today the close Monday was $1.3183), after easing off an extended recovery high if $1.3254.
Asian Currencies Technicals
AUD/USD: Spikes Below Lower Bollinger To Continue. The AUD/USD continues to remain heavy and remains on track for a retest of the $1.0290-00 region.
Asian Currencies Technicals
AUD/USD: $1.0290-00 Remains The Initial Focus. The AUD/USD is little changed from yesterday’s NY close with a retest of the $1.0290-00 region the immediate focus and oscillation around the falling 21 day lower Bollinger band ($1.0362)
USD/JPY Analysis
The pair is likely to trade in a tight range today in Asia, with investors seen refraining from making fresh bets before U.S. lawmakers return to Washington on Dec. 27 to resume their negotiations on measures to avoid the fiscal cliff.
Daily Market Technicals
EUR/USD: Gravestone Doji Warns Of Correction Lower. Last week’s gravestone doji candlestick and reversal in daily Stochastic study from overbought territory,