Forex Market
Technical Alert
The euro looks stretched against many of its peers and it wouldn’t be overly surprising to see it starting to give back some…
USD/JPY Analysis
Dollar-yen recovery off Monday NY session lows of Y89.08 extended into Asia, after closing the NY session at Y89.54. Rate pushed on to Y89.63, as further demand came via the Tokyo fix.
Daily Market Technicals
EUR/USD: No New High However Studies Still Bullish. The pair fails to make a new high after rising to $1.3404, our initial resistance level.
GBP/USD Analysis
Closed in NY Monday at $1.6076, seen after rate had recovered off a US session low of $1.6033 to $1.6092.
EUR/USD Analysis
Closed in NY Monday at $1.3382, off the rate’s late recovery high of $1.3395 after rate had seen a sell off to $1.3336 earlier in the US session as markets adjusted positions ahead of Monday evening’s Fed Bernanke speech.
Asian Currencies Technicals
AUD/USD: Dip Back To 21-DMA Now Looking More Likely. With daily Slow Stochastic, RSI and Momentum indicators in overbought territory,
USD/JPY Analysis
The pair is likely to trade in a tight range today in Asia, with uncertainties over talks on the debt ceiling in the U.S. weighing on sentiment toward the dollar.
Mid-Day FX Market Analysis
EUR – Closed in NY Friday at $1.3343, after rate had been pressured to a session high of $1.3366 on reaction to the wider than forecast US trade deficit.
NZD/USD Analysis
The New Zealand dollar rose against its U.S. counterpart on Monday, as anticipation ahead of a speech by Federal Reserve Chairman Ben Bernanke weighed on demand for the greenback.
Technical Alert
The market is basically still in the process of digesting the eruptions from Thursday. Short term we will probably be tracing out marginally fresh euro peaks but the short term reaction risk is high.
USD/JPY Analysis
Dollar-yen closed in NY Friday at Y89.18 after rate had eased off post US trade data highs of Y89.45. Japan holiday led to a slow start in Asia with early trade contained by Y89.25/35.
Daily Market Technicals
EUR/USD: Bulls Pushing Higher Sending Studies Soaring. The pair breaks and closes above the Dec 19 high at $1.3308, now initial supp, and send daily studies sharply higher.