Forex Market
JPY Analysis
Opened in Asia at Y83.40 and after an early dip to Y83.35 edged up to Y83.50 in very quiet trade as Tokyo observed the Vernal Equinox holiday and remained in the range for the rest of the session. Crosses were quiet as well with EUR/JPY trading a tight Y110.29-49 range, and sterling-yen easing from Y132.62 […]
Technical Analysis – FX Daily Majors
Today’s highlights: · EURUSD: Near-term down trend reversal reinforced by probe above initial 1.3192 recovery target. A less negative tone, but only above 1.3292 shifts to a more positive bias
Daily FX Technical Strategy: Intraday clues for a dollar bounce-back
The dollar has tended to drift lower so far this week but we are not convinced this is a sustainable move. The correction in USD/JPY is taking on the shape of a bullish flag on intraday charts suggesting the uptrend is poised to resume.
Behavioral Finance: Daily Forex Outlook: Fed will remain pro-stimulus
EUR USD (1.3230) A warning by New York Fed President William Dudley yesterday that the recent US economic recovery, although gaining speed could just as easily stall, was a reality check for the markets.
FX Daily Strategist: Europe
Paradigm Lost? Treasury sell-off fails to support USD Just when the FX market was settling into its new paradigm of bond-yield watching, the spectacle of US Treasury yields shooting higher in the NY afternoon while the dollar heads lower is cause for some fresh soul-searching.
GBP/USD Analysis
Closed in NY at $1.5891, off session highs of $1.5915, after rate had been pulled higher on the coat tails of EUR/USD stronger recovery, which allowed the cross to extend its recovery off lows of stg0.8283 to stg0.8343.
FX Market Technical Research
EUR/USD continued to rally yesterday, the near term rally is viewed as corrective, but we would allow for a return to the 1.3291/1.3325 region (9th February high), however we would again expect that to provoke failure.
Technical Analysis
EURUSD is one notch closer to the 1.3291 ref, but a bullish case is NOT a done deal… GBPUSD is also higher and closed above a near-term important ref, but could still be building a larger top formation – as indicated by lesser volumes during the recent advance…
EUR/USD Analysis
Closed in NY at $1.3240, having seen its recent recovery extend to highs of $1.32659 as the market seemingly reacted to the Greek CDS settlement (final value of 21.5%), the EFSF’s sale of 20-year bonds and confirmation that the ECB is putting its bond-buying programme on to the back burner.
AUD/USD Analysis
Opened in Asia at $1.0607 in a relatively quiet start but headed higher on the release of RBA minutes that pointed to much that was said in the post RBA meeting statement, but hinted that dangers to the economy from the EU debt crisis had subsided somewhat.
USD/JPY Analysis
Opened in Asia at Y83.40 and after an early dip to Y83.35 edged up to Y83.50 in very quiet trade as Tokyo observed the Vernal Equinox holiday and remained in the range for the rest of the session. Cross were quiet as well with EUR/JPY trading a tight Y110.29-49 range, and GBP/JPY easing from Y132.62 […]
Risk appetite index is back in the risk-neutral zone
The SEB Risk appetite index (RAI) * RAI moved back into it’s the risk-neutral zone after being in the risk-aversion zone almost all the time since Aug 2011. Since RAI have been correlated with the OECD leading indicator (which is lagging two months) this is a positive sign for the economic recovery going forward.