Forex Market
USD/JPY Analysis
The eventual break above Y83.00 Wednesday, as the pressure pot burst under the weight of buying, saw rate hit initial highs at Y83.20,
GBP/USD Analysis
Closed in NY at $1.6150 after the rate had seen highs of $1.6172 post FOMC, with pullbacks supported at $1.6134 ahead of the close. Rate came under pressure into early Asia,
EUR/USD Analysis
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.
Asian Currencies Technicals
AUD/USD: Sept Monthly Highs Just Above. Immediate focus remains on the Sept monthly highs for the AUD/USD with a break above then seeing the 2012 highs come into the picture.
USD/JPY Analysis
The pair is likely to trade with a firm undertone today in Asia on bets that the main opposition LDP, which is advocate of a powerful monetary easing, would win the Dec. 16 election.
Mid-Day FX Market Analysis
EUR – Opened early Europe at $1.3000, Euro-dollar closed in NY at $1.3003 after easing off a session high of $1.3015.
Technical Alert
EURUSD has made it back to key near-term resistance at 1.3020, but there is also support likely at 1.2975…
EUR/CHF Technical Analysis
(1,2123) EUR/CHF still confirmed a strong closing well above the top of the previous session. We could have a s/t bottom at 1,2060 but very much will depend on today’s closing.
Daily Market Technicals
EUR/USD: Bulls Eye Dec 5 High, Bears Aim Below 38.2% Level. The pair recovered some of its recent losses, but met resistance at $1.3017, the former 23.6% Fibonacci of $1.2662 to $1.3127 and initial resistance.
USD/JPY Analysis
Euro-yen led the overnight pressure on the yen with dollar-yen able to edge up from an early Y82.47 low to Y82.70 as the cross rallied from Y107.27 to Y107.51,
GBP/USD Analysis
Closed in NY at $1.6110 after the rate saw decent demand through Tuesday’s session that got it to an eventual high of $1.6122. Rate edged higher in early Asia,
EUR/USD Analysis
Closed in NY at $1.3003 after easing off a session high of $1.3015. A fairly subdued trading session through Asia with the rate consolidating Tuesday’s recovery between $1.3000/14 for most of the session,