Forex Market
AUD/USD Analysis
Opened in Asia at $1.0660 after losing ground yesterday in Europe and NY from highs of $1.0750 to $1.0655, largely on some strong EUR/AUD buying despite firmer commodity prices.
USD/JPY Analysis
Opened at Y79.74 in Asia and after an early low of Y79.68 headed higher on cross demand particularly on euro and AUD/JPY buying which has steadily taken out a raft of offers and finally flushed the Y80.00 barrier tripping stops to a high of Y80.07.
USD/JPY Analysis
Opened at Y79.63 in Asia and slipped on EUR/USD sales to Y79.53 on the back of an FT article showing reluctance from some EU states to ratify the deal. USD then found solid support towards Y79.50, and moved higher to Y79.81 before easing back to Y79.55.
GBP/USD Analysis
GBP closed Monday’s session at $1.5851, having been confined through the session between $1.5844/80 leaving EUR/GBP to track EUR/USD recovery on optimism concerning the result of the Eurogroup Greek debt negotiations.
EUR/USD Analysis
EUR/USD closed Monday’s session at $1.3240, having been pushed up to a high earlier in the day of $1.3277 (from $1.3183 pullback lows in early Europe) on optimism over a Eurogroup Greek debt aid deal.
Behavioral Finance: Daily Forex Outlook : A conditional deal but a deal nevertheless
EUR USD (1.3265) The numbers agreed by the Eurozone finance ministers in the Greek bailout deal seem to have come out on the top end of the expectations. Of course the €130 billion figure is against the backdrop of an optimistic scenario which was described in the ‘leaked’ report circulated to the eurozone officials before […]
Euro-outlook stabilized but still vulnerable
The Greek debt negotiations to reduce Greek debt/GDP to 120% by 2020 have been accepted as Euro zone finance ministers this morning approved the €130bn second Greek bail-out package. ECB will participate by contributing approx.
UniCredit EEMEA Daily
News CZ: Positive – Czech Republic sells EUR2bn Eurbond at 160bp spread above mid swaps RO: Positive – MinFin sold RON 2.5bn 2Y T-bonds: avg. yield 6.36%, bid/cover 1.1
Technical Analysis
EURUSD looks set to test the recent 1.3322 high but the upside is not a done deal… USDJPY is short-term stretched and some longs should be weathered, paving for a ~79-recheck… AUDUSD could be in a more pronounced correction lower so keep an eye on the recent 1.0629 low…
GBP/USD Analysis
Closed Monday’s session at $1.5851, having been confined through the session between $1.5844/80 leaving EUR/GBP to track EUR/USD recovery on optimism concerning the result of the Eurogroup Greek debt negotiations.
EUR/USD Analysis
Closed Monday’s session at $1.3240, having been pushed up to a high earlier in the day of $1.3277 (from $1.3183 pullback lows in early Europe)on optimism over a Eurogroup Greek debt aid deal.
AUD/USD Analysis
Opened at $1.0755 in Asia but came under early pressure as hedge funds and Asian names sold in the absence of any headlines out of Brussels regarding the debt deal agreement.