Forex Market
FX Market Technical Research
EUR/USD: Euro-Dollar Fails To Close Above 21-DMA. Daily tech studies remain muted while Euro-dollar fails to close above the 21-day moving average and remains below the resistance line from the Sept high.
GBP/USD Analysis
Closed in NY Friday at $1.6065 having bounced off the intraday low of $1.6018, the rate consolidated gains despite decent US Consumer Confidence data.
EUR/USD Analysis
_________________________________________________ Want to trade on currencies? Open an fx account at Saxo _________________________________________________ Closed in NY Friday at $1.2951 having recovered off earlier lows of $1.2938 around the London fixings. Euro-dollar nudged higher on the Asian open touching $1.2962, before supply from a US name pressed lower.
USD/JPY Analysis
Closed in NY Friday at Y78.43, the rate having bounced off lows of Y78.28 around the London fixings. Dollar-yen opened flat in Asia before easing lower on cross yen supply to Y78.33, the pair encountered usual Gotobi demand into the Tokyo fix with 2 banks seen buying in good size, traders say.
Asian Currencies Technicals
AUD/USD: Remains Heavy To Start The Week. An inside day to end last week for the AUD/USD with immediate focus remaining on tests of $1.0095-1.0105 region.
FX Market Analysis
EUR: Opened early Europe at $1.2928, Euro-dollar closed in NY at $1.2930 after easing off a recovery high of $1.2952 to $1.2922.
European FX Daily
– Asian equities mixed, FX treading water – MAS surprised hawkish: we have revised our USDSGD forecasts lower to 1.225 in three months and 1.210 in twelve months. – We recommend buying 2m USDCAD topside seagulls and short USDBRL NDF
Technical Analysis
EUR/USD Extended reaction higher… USD/JPY Indecisive… GBP/USD Congestion, then lower… EUR/SEK Break!… NOK/SEK Soon time for a breather… EUR/NOK Looking for support.
FX Market Technical Research
EUR/USD: Recovery Capped By The 21-Day Moving Average. EUR/USD recovery failed to make headway against the 21-day moving average, now initial resistance, with support now coming from the 23.6% Fibonacci level at $1.2906 followed by strong support seen at the 200-DMA at $1.2825.
USD/JPY Analysis
Dollar-yen closed in NY at Y78.37, having pulled back from a Y78.59 high to Y78.28 ahead of the close. Rate recovered in early Asia to Y78.54 before turning lower, the moving down in line with other Asian dollar pairs as they took their lead from dollar-Sgd following the MAS decision to keep interest rates unchanged.
GBP/USD Analysis
Closed in NY at $1.6046 after recovering from a pullback low of $1.6026 off a session high at $1.6055.
EUR/USD Analysis
Closed in NY at $1.2930 after easing off a session recovery high of $1.2952 (76.4% $1.2991-1.2826) to $1.2922.