Forex Market
Daily Market Technicals
EUR/USD: Bulls Eye Sept 17 Reversal High. The pair fades before reaching the Sept 17 high of $1.3144 as daily tech studies turn lower.
AUD/USD Analysis
The Australian dollar was a main mover through an otherwise lackluster Asian session Thursday, driven higher by better-than-expected jobs data.
USD/JPY Analysis
The pair is likely to trade with a firm undertone today in Asia as risk sentiment improved on optimism about U.S. budget talks and receding concerns about the debt crisis in Europe.
Asian Currencies Technicals
AUD/USD: Struggling To Take Out $1.0480-00 Region. The AUD/USD continues to pause ahead of the 21 day upper Bollinger band with numerous daily highs noted just ahead and daily tech studies correcting from moderately overbought levels.
Mid-Day FX Market Analysis
EUR – Opened early Europe at $1.3108, Euro-dollar closed in NY at $1.3092 after fading away from a late recovery high of $1.3108 with corrective dips noticeably continuing to draw willing buyers.
Technical Analysis
Increasing risk sentiment overnight with $losing further ground, JPY weakening, S&P500 turning up etc. EURUSD key focus today is whether 1.3140 will break or not,
Daily Market Technicals
EUR/USD: Bulls Eye Sept 17 Reversal High. Euro-dollar slips above the former trendline resistance from Jun 1 and looks to test the daily Bollinger band top, initial resistance at $1.3133.
USD/JPY Analysis
The positive opening in China stocks provided risk with an early boost into Asian trade with strong demand for euro-yen leading the moves.
GBP/USD Analysis
Closed in NY at $1.6100 after recovering off a pullback low of $1.6089 (having seen an intraday high of $1.6131 after benefiting from outflows of Chf), with sterling retaining an underlying buoyant tone.
EUR/USD Analysis
Closed in NY at $1.3092 after fading away from a late recovery high of $1.3108 with corrective dips noticeably continuing to draw willing buyers.
Mid-Day FX Market Analysis
EUR – Opened early Europe at $1.3054, Euro-dollar closed in NY at $1.3054 after rate had pulled back from a late session high at $1.3076.
Technical Analysis
Some interesting breaks and signals in GOLD, NOKSEK, S&P500, OIL, USDZAR and more to dig into. Euros remain in demand and EURUSD ending yday above its 2011 top line, growing bear divergences should be monitored closely,