Forex Market
USD/CHF Technical Analysis
(0,9175) The USD/CHF confirmed 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.
GBP/USD Technical Analysis
(1,5835)The CABLE confirmed a session of consolidation remaining above Tuesday’s top. It formed an inside day with 1,5895 – 1,5680 the levels to follow; a break of the resistance will favour an extension of the move up suggesting a firm test of the 200 days line at 1,5948, where we expect good s/t resistance.
EUR/USD Analysis
Closed in NY at $1.3145, having settled mid range after recovering off this session’s lows of $1.3085 and pushing up to $1.3187. Rate eased lower into Asia, touching a low of $1.31144, the move down seen as a ‘normal’ Friday risk off Asian move, but given an added knock on release of weaker than forecast […]
GBP/JPY Technical Analysis
(120,55)The GBP/JPY is confirming further consolidation interior the positive outside day with 121,20 – 119,35 still the levels to follow in the coming hours. The indicators of the daily chart are positive while those of the s/t ones are still showing a mixed picture suggesting further consolidation/ correction.
EUR/GBP Technical Analysis
(0,8305) EUR/GBP confirmed yesterday further consolidation interior the inside day with 0,8400 – 0,8270 still the levels to follow in the coming hours. The closing was however small positive.
EUR/JPY Technical Analysis
(100,15) The EUR/JPY confirmed a session of consolidation interior the previous session’s range forming an inside day with 100,85 – 99,15 the levels to follow. It failed therefore to directly confirm the positive day reversal. Only a daily closing above 100,85 will support higher levels.
EUR/CHF Technical Analysis
(1,2062) EUR/CHF is still consolidating below the 200 hours line today at 1,2063; the holding of this line will favour further weakness, scenery supported by the negative reversals in the hourly chart. In the hourly chart we have a potential reversed S_H_S formation with the neck line at 1,2063!!
EUR/USD Technical Analysis
(1,3150) The EUR/USD confirmed further consolidation interior the positive outside reversal while waiting today’s payroll!! We have therefore 1,3230 – 1,3015 still the levels to follow in the coming hours.
USD/JPY Technical Analysis
(76,19) The USD/YEN is still under heavy pressure suggesting a possible 76 undershooting, especially while below 76,35 on an hourly closing. The indicators of the daily chart are well negative while those of the s/t ones are still showing a mixed to negative picture supporting further consolidation/ weakness.
AUD/USD Analysis
Opened at $1.0712 after trading $1.0680-1.0747 in Europe and NY yesterday. Model fund sales in EUR/USD softer equities and a weaker Chinese non-manufacturing PMI led the pair lower in Asia from early highs of $1.0715 through some weak stops at $1.0680 to $1.0672.
USD/JPY Analysis
Another non-event for the USD in Asia after spending yesterday strangled into a Y76.03-24 range. Usual comments from Japan’s Finance Minister Azumi to take firm steps to combat any speculative moves in the JPY were ignored, as traders wait patiently for this afternoon’s US non-farm payroll data and a decision on the Greek/PSI debt deal.
FX Market Analysis
FX markets struggled for direction Thursday with traders nervous about putting on new bets ahead of Federal Reserve Chairman Ben Bernanke’s testimony later in the global day and Friday’s key nonfarm payrolls data.