Forex Market
GBP Analysis
Opened early Europe at $1.5367, stg0.8072, GBP closed in NY Friday at $1.5360 after rate had seen post US NFP lows of $1.5279 before spiking to $1.5440 as market turned focus onto the possibility of QE3 based on the jobs data.
JPY Analysis
Opened in early Europe around Y78.17 and Y96.96, USD/JPY closed in NY Friday at Y78.03, after rate had seen extended lows of Y77.652 on release of weaker then expected US NFP data Friday, the rate then spiking to Y78.724 on intervention concerns.
FX CFTC: Dollar long rising again – look out for the correction
Speculators expressing their views through the holding of IMM currency futures increased their net long exposure to the dollar again during the week ending May 29. The increase however was the smallest recorded during the last four weeks of dollar buying with the selling not concentrated against one single currency alone but spread out particularly […]
EUR Analysis
Opened early Europe at $1.2404, Closed in NY at $1.2435, after rate had spiked from post US NFP initial react lows of $1.2288 to $1.2459. Rate dipped to a registered Asian open of $1.2405 before quickly closing the gap as early market reacted to press reports suggesting Germany was softening its opposition toward European bonds/banking […]
AUD/USD Analysis
Closed in NY at $0.9695, after rate had seen initial NFP react lows of $0.9581 before spiking back to $0.9723. Rate got an early lift to $0.9707 into local trade, the move seen in tandem with EUR/USD, before turning lower.
GBP/USD Analysis
Closed in NY Friday at $1.5360 after rate had seen post US NFP lows of $1.5279 before spiking back up to $1.5440 as market turned focus on to the possibility of QE3 based on the jobs data.
Technical Analysis
USD & JPY strength on hold, gold surge, oil not…. EUR/USD Corrective forces at play… EUR/JPY Enough selling for now?… EUR/SEK Up from the base formation… USD/SEK Pause not turnaround… EUR/NOK Full speed ahead!… NOK/SEK Completed correction?… USD/CAD Higher but not without a stretch.
EUR/USD Analysis
Closed in NY at $1.2435, after rate had spiked back from post US NFP initial react lows of $1.2288 to $1.2459. Rate dipped back to a registered Asian open of $1.2405 before quickly closing the gap as early market reacted to press reports suggesting Germany was softening its opposition toward European bonds/banking union (though this […]
Asia today: A confused Asia holds the EUR at higher levels
After Friday’s EURUSD rebound, Asia kicked off the week with an uncertain, directionless session for both risk and the single currency. EURUSD initially pushed higher following a weekend WSJ headline that Germany would eventually be willing to give some ground on the latest crisis plan with the pair pushing up to just above 1.2440.
USD/JPY Analysis
USD/JPY, at Y78.16, hold just about dead-center of the day’s range after seeing a nasty spike higher shortly after the morning US data that shows dismal jobs growth in the US economy.
GBP Analysis
Opened early Europe at $1.5370, stg0.8034, GBP closed in NY at $1.5406, having seen pressured lows in this session of $1.5360. Rate came under fresh sell pressure into early Asia, with rate pressured down to session lows of $1.5365 as it tracked the sell off in EUR/USD.
JPY Analysis
Opened in early Europe at Y78.48 and Y97.02, opened in Asia at Y78.35 and quickly picked up a bid tone in Tokyo trade, the move up to Y78.65 aided by FinMin Azumi warning of decisive action on yen. The recovery met decent supply around the Y78.65 level and eased back to settle around Y78.40.