Forex Market
EUR/JPY Technical Analysis
(100,77) The EUR/JPY confirmed a further session of consolidation interior the inside day with 100,85 – 99,15 still the levels to follow. While above the 200 hours line at 100,53 we expect this cross to confirm a 101 overshooting!!
Behavioral Finance: Daily Forex Outlook: Can Greece save more?
EUR USD (1.3110) Yesterday yet another deadline set for Greek politicians to concur on austerity expired and news circulated that the Greek PM has instructed the Finance Ministry to calculate the costs of a eurozone exit. The euro, however, resolutely stuck to a range set mid last week.
GBP/USD Technical Analysis
(1,5820)The CABLE is confirming further consolidation interior the inside day with 1,5895 – 1,5680 still the levels to follow; a possible break of the resistance will favour the expected extension towards the 200 days line at 1,5940!!
EUR/GBP Technical Analysis
(0,8315) EUR/GBP is confirming further consolidation interior the inside day with 0,8400 – 0,8270 still the levels to follow in the coming hours. It tried yesterday to break the support but the closing suggests it was a false break.
FX Daily Strategist: Europe
RBA stands pat and signals further inaction – AUDUSD boosted… Ahead of this morning’s RBA decision consensus was very much for a cut – and indeed money markets were pricing in multiple cuts over the coming two or three quarters, even if there was some debate over the timing.
Technical Analysis
EUR/USD is still in waiting mode – not knowing if it’s a top forming or a bullish flag in creation… GBP/USD on the other hand looks a tad more bullish and a +1.5884 high looks increasingly likely… AUDUSD has been carried into yet another fresh high after the RBA surprise this morning…
EUR/CHF Technical Analysis
(1,2065) EUR/CHF is confirming further consolidation. In the hourly chart we have still a potential reversed S_H_S formation with the neck line at 1,2085!! While above the 200 hours line at 1,2059 we favour higher levels.
USD/CHF Technical Analysis
(0,9188) The USD/CHF is confirming further consolidation interior the negative outside day with 0,9265 – 0,9100 still the levels to follow in the coming hours. Only a daily closing above 0,9265 will support a resumption of the move up.
USD/JPY Technical Analysis
(76,70) The USD/YEN formed a small negative day reversal but already a move above76,82 will abort it supporting higher levels. The indicators of the daily chart are still below the line while those of the s/t ones are mixed this morning suggesting further consolidation.
European FX Daily – RBA boosted AUD
– AUD surged as RBA unexpectedly kept rates on hold at 4.25% – BoJ performed stealth intervention in USDJPY in Q4 2011 – German output likely to surprise stronger – We recommended buying USDCHF in cash and options as euro risks rise
GBP/USD Analysis
Closed in NY at $1.5828, having extended its recovery off earlier session lows of $1.5730 to $1.5841. Rate drifted off to $1.5805 in early Asian dealing before recovering back, getting a kick up to $1.5832 into the RBA rate decision as market initially acted positively to the unchanged rate decision as risk got a boost.
EUR/USD Technical Analysis
(1,3108) The EUR/USD confirmed further consolidation interior the positive outside day reversal with 1,3230 – 1,3015 still the levels to follow in the coming hours. Only a daily closing above 1,3230 will support higher levels toward our s/t target at 1,3351.