Forex Market
Mid-Day FX Market Analysis
EUR: Opened early Europe at $1.2730, Euro-dollar closed in NY Friday at $1.2712 after rate had seen lows in this session at $1.2690 before recovering above the figure into the option cut, influenced by a large maturity at $1.2700.
GBP/USD Analysis
Closed in NY at $1.5896 after recovering off a session low of $1.5889. The move down Friday was seen influenced in part by euro-dollar slippage, but the announcement that the BOE would pay coupon payments over to the Treasury was seen by some as ‘back-door’ QE provided the initial negative shove.
EUR/USD Analysis
Closed in NY Friday at $1.2712 after rate had seen lows in this session at $1.2690 before recovering above the figure into the option cut influenced by a large maturity at $1.2700.
Asian Currencies Technicals
AUD/USD: Test Of Key Support Region Likely. The $1.0330-50 region remains key support with a close below expected to see stops triggered and focus turn to tests of the Oct monthly lows.
Technical Analysis
More CAD (& NZD) weakness, JPY up, weaker equities… EUR/USD Still supportive forces at play… USD/JPY Testing key support… USD/CAD Attempting to break 1.0020… EUR/SEK Low end of support zone… USD/SEK Sliding back into the 55d band… EUR/NOK Overextended decline.
FX Market Technical Research
EUR/USD: Bears Require Break Below 38.2% Fib To Maintain. Price action today trades just above the 38.2% Fibonacci, initial support alongside the daily bollinger band base, at $1.2723/41.
GBP/USD Analysis
Closed in NY at $1.5990, the rate having seen a correction off $1.5930 intraday lows to $1.6005 before it eased off in early NY to $1.5968, recovering into the close. Rate turned lower into Asia, the move down to $1.5970 influenced by the early selling in euro-dollar.
EUR/USD Analysis
Closed in NY at $1.2749 after rate had settled through the NY session between $1.2717-59 as earlier euro sales were caught offside as Draghi was seen not as dovish as many had thought he might be.
FX Market Analysis
EUR: Opened early Europe at $1.2755, Euro-dollar closed in NY at $1.2769 after rate had recovered off session lows of $1.2737, seen after rate had corrected off its post Obama re-election react highs of $1.2876.
Technical Analysis
$ surge, commodities, CAD, NZD & equities lower… EUR/USD Strong resistance rejection.. CAD/JPY Bearish key day reversal… EUR/SEK Entered support zone… USD/SEK Another failed neckline test…
FX Market Technical Research
EUR/USD: Bears Eye 38.2% Fibonacci, Initial support. The pair rebound fizzled out as it met strong selling at the 55-DMA to close near the 38.2% Fibonacci retracement of the Jul to Sep rally, now initial support with the lower daily Bollinger band at $1.2741/43, respectively.
GBP/USD Analysis
Closed in NY at $1.5990 having recovered off a session low of $1.5954, seen after the rate had been pulled off post Obama election react highs of $1.6043 by stronger euro-dollar slippage, with euro-sterling diverting part of this pressure as it eased to a session low of stg0.7971.