Forex Market
EUR/USD Analysis
Closed in NY at $1.2879 after rate extended its corrective pullback (off post Friday’s NFP highs of $1.3072) through the NY session to a low of $1.2859.
Asian Currencies Technicals
AUD/USD: Spikes Below Bollinger Band Expected. After having taken out the Sept monthly lows the AUD/USD spent yesterday trading sideways below the initial resistance at $1.0274.
Americas FX Daily
EUR looks vulnerable after Eurogroup meeting What happened overnight – UK IP down 0.5%mom in August, as expected; trade data worse – IMF cuts growth forecasts
FX Market Analysis
EUR: Opened early Europe at $1.2983, Euro-dollar opened in Asia at $1.2969 after the rate had seen corrective pullback lows in European trade Monday at $1.2938, following its correction off post US NFP highs of $1.3072 Friday.
European FX Daily
– Equities, AUD, and NZD rally – No major surprises from the Eurogroup – Canadian housing starts likely to weaken
Technical Analysis
EURUSD fell back some yesterday and puts some pressure on supports below at 1.2935 & 1.2900/1.2875… The pound is under increasing pressure, both against the dollar and against the euro.
FX Market Technical Research
EUR/USD: Bulls Focus on One-Year Trendline. The pair sees a bull-cross for the stochastic and momentum studies, turning bull’s attention to a one-year trendline at $1.3098.
GBP/USD Analysis
Opened in Asia at $1.6023, retested Monday lows at $1.6021 before picking up demand that took it to initial highs of $1.6041. Move up was seen driven by early demand for yen crosses by returning Japanese accounts, sterling-yen able to extend its recovery off Monday lows at Y125.15 to an early Asian high at Y125.70.
EUR/USD Analysis
Opened in Asia at $1.2969 after the rate had seen corrective pullback lows in European trade Monday at $1.2938, following its correction off post US NFP data react highs of $1.3072 Friday.
FX Market Analysis
EUR: Opened early Europe at $1.2987, Euro-dollar closed in NY Friday at $1.3045 after rate had retreated from an initial react high of $1.3072 from release of US employment data, to a pullback low of $1.3015.
European FX Daily
– Risk appetite opens the week soft with the USD rallying – Australia’s job ads contract again – HSBC China non-manufacturing PMI rose in September – Eurogroup meeting today unlikely to yield a Spanish bailout
Technical Analysis
EURUSD finally attracting sellers (above 1.30)? AUD under pressure with AUDUSD violating the Sept low, AUDJPY turning sharply lower from its minor correction, AUDCAD falling below its May low and more.