Forex Market
USD/JPY Analysis
Opened in Asia at Y82.08 having spent the start of the week under enormous pressure from real money sales in the EUR/JPY which slapped the cross down from Y111.14 through stops at Y110.00 to lows in NY of Y108.95.
GBP Analysis
GBP closed in NY at $1.6005, below its focus 200-week moving average at $1.6014, though rate had traded to an intraday high of $1.6037 earlier in the session. Release of stronger than forecast Chinese PMI data on Sunday gave an early boost to risk into opening Asian trade, the rate getting lifted to $1.6030 before […]
Speculative Positions
JPY net speculative position lowest since June 2007 SEB Risk appetite index (RAI) RAI roughly unchanged week on week and thus still within the risk neutral zone and contained in an upward channel.
JPY Analysis
USD/JPY and EUR/JPY opened at Y83.05 and Y110.95 respectively after closing in NY on Friday at Y82.86 and Y110.55, the gaps higher seen on the weekend strong Chinese Mfg PMI release. The USD/JPY strength coming on the back of the cross moves.
Behavioral Finance: Daily Forex Outlook: Opinions on eurozone become more favourable
EUR USD (1.3335) A lull period has set in with multiple signs of easing in the eurozone. The finance ministers’ meeting that took place last week has been hailed as a success by the IMF and by the ECB.
Technical Analysis
EUR/USD Short term still unclear… AUD/USD Completed corrective bounce… EUR/JPY Bull triangle or triple top… EUR/SEK Well, that’s a better one… USD/SEK Enough? EUR/NOK Correction unfolding… NOK/SEK First step higher taken… EUR/GBP Steering back into the high-0.82s
GBP/USD Analysis
Closed in NY at $1.6005, below its focus 200-week moving average at $1.6014, though rate had traded to an intraday high of $1.6037 earlier in the session. The release of stronger than forecast Chinese PMI data on Sunday gave an early boost to risk into opening Asian trade, the rate getting lifted to $1.6030 before […]
EUR/USD Analysis
Closed in NY at 1.3335 with rate marked up to $1.3358 into the Asian open as risk was given a general boost by the weekend release of surprisingly strong China PMI. Rate extended the react rally before stalling at Friday’s high of $1.3377 (Europe).
Risk higher as Asia mulls strong headline PMI data from China
Risk appetite exploded higher at the start of Asian trading today after China announced some stellar (or should we say unbelievable!) PMI data for March yesterday. The official China PMI rose to 53.1 from 51.0 (50.8 expected) and was the fastest pace of expansion in 12 months and the fourth consecutive month above the key […]
USD/JPY Analysis
USD/JPY and EUR/JPY opened at Y83.05 and Y110.95 respectively after closing in NY on Friday at Y82.86 and Y110.55, the gaps higher seen on the back of the weekend strong Chinese Mfg PMI release which bolstered the EUR/USD.
AUD/USD Analysis
Opened in Asia at $1.0445 gapping higher from the NY close on Friday of $1.0358 on the back of strong Chinese Mfg PMI which was released on Saturday with at 1yr high reading of 53.1.
EUR Analysis
EUR/USD closed in NY at $1.3300 having recovered off session lows of $1.3251 through the NY afternoon. Rate marked lows into early Asia at $1.3295, as early traders targeted downside stops in USD/JPY and EUR/JPY, with rate reversing higher as Japanese life companies emerged as strong EUR/JPY buyers which propelled EUR/USD higher.