Forex Market
EUR/USD Analysis
Closed in NY Friday at $1.3160, off late session highs of $1.3174. Rate opened the Asian marked higher, as market reacted to the landslide victory of the LDP and NKP in Japanese lower house elections at the weekend,
Asian Currencies Technicals
AUD/USD: Overall Focus Remains Topside. The 21-DMA remains the key support for the AUD/USD with initial support now seen at the Dec 13 lows.
Mid-Day FX Market Analysis
EUR – Opened early Europe at $1.3096, Euro-dollar closed in NY at $1.3077 after rate saw another reversal off $1.3100, with rate recovering off a NY afternoon pullback low of $1.3060.
Technical Alert
Basically more of the same…a bid euro, weaker jpy, US bond futures lower, S&P500 lower…and GOLD unch. Shanghai C flying up to a key reference resistance.
USD/JPY Analysis
Yen continued to trade with an underlying soft tone through Asia, with dollar-yen able to extend its recovery off Thursday pullback lows of Y83.25,
Daily Market Technicals
EUR/USD: May 1 Trendline Key Initial Resistance At $1.3100. The pair failed to break above the May 1 trendline at $1.3100, still key initial resistance and the cap to the previous two sessions.
GBP/USD Analysis
Closed in NY $1.6112 after rate had been pressed to lows in this session of $1.6085 as market reacted to S&P putting the UK outlook to negative from stable (catching up on Moody’s and Fitch).
EUR/USD Analysis
Closed in NY at $1.3077 after rate saw another reversal off $1.3100, with rate recovering off a NY afternoon pullback low of $1.3060.
Asian Currencies Technicals
AUD/USD: Immediate Topside Pressure Relieved. The immediate topside pressure has been relieved a little with the break back below the Dec 13 low which increases the risk of a pullback to the $1.0442-46 region with the 21-DMA noted at $1.0446.
Mid-Day FX Market Analysis
EUR – Opened early Europe at $1.3083, Euro-dollar closed in NY at $1.3072 after easing off post FOMC react highs of $1.3097, finding support ahead of the close at $1.3060.
Technical Alert
Stronger euro, weaker dollar, weaker US 10y note contract and weaker gold post FOMC….? EURUSD up close to key resistance levels (1.3127/40),
Daily Market Technicals
EUR/USD: May 1 Trendline Key Initial Resistance At $1.3101. The pair failed to match the Dec 5 high which will disappoint bulls,