Forex Market
EUR/USD Analysis
Closed in NY at $1.2769 after rate had recovered off session lows of $1.2737, seen after rate had corrected back from its post Obama re-election react highs of $1.2876.
Asian Currencies Technicals
AUD/USD: $1.0330-50 Region Key Support. Fresh 4 week highs for the pair yesterday with initial support now seen at $1.0418, although the $1.0330-50 region remains key with 21, 100 ($1.0347) & 200-DMA’s ($1.0335) clustered in this region as well as a double daily bottom ($1.0332-34).
FX Market Analysis
EUR: Opened early Europe at $1.2860, Euro-dollar closed in NY at $1.2813, after rate had recovered off session lows of $1.2764 to $1.2827, with reported offers placed at the 200-dma ($1.2828) providing the main resistance.
FX Market Technical Research
EUR/USD: Back Above 200-DMA As Daily Tech Studies Rise. The pair rebounds slightly from the lower daily Bollinger band, also initial support at $1.2783.
GBP/USD Analysis
Closed in NY at $1.5996, off its recovery high of $1.6008, seen after rate had seen lows earlier in the session of $1.5958. Exit polls/results from Tuesday’s US election acted to determine direction through Asian trade overnight, with early calls that Romney would win Florida providing the dollar with an early boost that took cable […]
EUR/USD Analysis
Closed in NY at $1.2813, after rate had recovered off session lows of $1.2764 to $1.2827, with reported offers placed at the 200-dma ($1.2828) providing the main resistance.
Asian Currencies Technicals
AUD/USD: Focus Turns To Sept Monthly Highs. The close above Friday’s highs sees overall focus turn to retests of the Sept monthly highs.
Americas FX Daily
RBA surprises ahead of US election results What happened overnight • RBA leaves rates unchanged, with less dovish than expected statement • US elections exit polls available starting 7pm EST today • German factory orders surprised sharply lower • PMI revised lower in Germany and France, higher in Spain and Italy
FX Market Analysis
EUR: Opened early Europe at $1.2788, Euro-dollar closed in NY at $1.2796 after recovering from an intraday low of $1.2767, but below its 200-dma at $1.2830 (today coming in at $1.2828 and offering key resistance).
Technical Analysis
The dollar goes into Election Day on a firm footing… Or is the euro that is weak? Either or, EURUSD looks set to extend losses into next support at 1.2748-41…
European FX Daily
– RBA unchanged, less dovish than expected – US elections exit polls available starting 7pm EST today – Greece to sell 182-day bills
FX Market Technical Research
EUR/USD: Bears In Control And Trades Beneath 200-DMA. The pair tests the limit of the lower daily Bollinger band, initial support at $1.2781 while daily tech studies remain bearish.