Forex Market
USD/JPY Analysis
The pair is likely to trade in a tight range today in Asia, with investors focusing on whether EU members will ratify a financial aid for Greece after EU finance ministers approved the rescue aid for the struggling country.
Asian Currencies Technicals
AUD/USD: Pair Heavy But Overall Focus Higher. The AUD/USD has managed to dip back below initial support but we will continue to look for a close below the Nov 20 low as confirmation of a break of the 21-DMA.
Mid-Day FX Market Analysis
EUR: Opened early Europe at $1.2987, Euro-dollar closed in NY at $1.2972 after a fairly subdued US session as markets awaited the outcome of the Eurogroup meeting.
Daily Market Technicals
EUR/USD: Breaks May 2011 Trend Line – Fibo Levels Cap. A minor break above long-term resistance line from May 2011 has been seen at $1.3000,
Technical Analysis
Highs have been attempted in EURUSD & AUDUSD after announcement of a Greek debt deal, but price action is already dubious and refs below at 1.2930 & 1.0425 are not safe…
USD/JPY Analysis
Japanese sales of euro-yen pre-Tokyo open triggered stops sub Y106.25, as well as pressing dollar-yen down to trigger stops sub Y81.90.
GBP/USD Analysis
Closed in NY at $1.6027, the rate trading with a buoyant tone (and off traded lows at $1.5996) after the announcement that BOC governor Carney would be the new BOE Governor come July 2013.
EUR/USD Analysis
Closed in NY at $1.2972 after a fairly subdued US session as markets awaited the outcome of the Eurogroup meeting.
AUD/USD Analysis
An agreement among euro-zone countries to ease Greece’s debt burden sent the Australian dollar higher Tuesday, though analysts said the improved sentiment may not last long.
Asian Currencies Technicals
AUD/USD: Narrow Consolidation To Start The Week. Narrow sideways trading continues following Friday’s break higher with a close back below the Nov 20 low currently needed to remove the bullish focus.
Mid-Day FX Market Analysis
EUR: Opened early Europe at $1.2956, Euro-dollar closed in NY Friday at $1.2972, just off extended rally highs of $1.2991.
Technical Analysis
The common currency ended last week on a clearly bullish footing and will probably begin the current week in the same manner. There are however some important resistances on the horizon.