Forex Market
Mid-Day FX Market Analysis
EUR – Euro-dollar closed in NY Monday at $1.3162 after trade through this session was contained within a relatively tight $1.3150/79.
Technical Alert
Price action at the top in EURUSD looks hesitant. Under 1.3144 & 1.3127/21 could trip some protective sell-stops…
Daily Market Technicals
EUR/USD: 10-Day Momentum Shows Negative Divergence. The pair broke through $1.3100 but has failed to sustain a move higher,
GBP/USD Analysis
Closed in NY at $1.6202 after rate had seen extended recovery highs of $1.6217 during Monday trade, pulling back to $1.6193 before recovering into the close.
EUR/USD Analysis
Closed in NY Monday at $1.3162 after trade through this session was contained within a relatively tight range of $1.3150/79.
Asian Currencies Technicals
AUD/USD: Inside Day To Start The Week. An inside day to start the week for the AUD/USD as the pair consolidates within a $1.0509-1.0583 range.
USD/JPY Analysis
The pair is likely to trade in a tight range today in Asia before the Bank of Japan kicks off a two-day policy board meeting Wednesday after the LDP, an advocate of powerful monetary easing won the Sunday’s election.
Mid-Day FX Market Analysis
EUR – Opened early Europe at $1.3159, Euro-dollar closed in NY Friday at $1.3160, off late session highs of $1.3174.
Technical Alert
Major events are the EURUSD violation of 1.3140 and the post Japanese election gaps higher in USDJPY, EURJPY, NIKKEI etc (as being seen as continuation gaps those gaps should soon be closed…).
USD/JPY Analysis
The weekend win for the LDP and NKP parties in the Japanese lower house election, though expected, acted to further soften the yen with yen pairs marked higher into the Asian open.
Daily Market Technicals
EUR/USD: Breaks May 1 Trendline, Focus Turns Higher. The pair finally broke through $1.3100, the key former initial resistance level.
GBP/USD Analysis
Closed in NY Friday at $1.6174, just off session highs at $1.6177. The mark up in yen pairs, following the LDP/NKP win in the Japanese lower house election,