Forex Market
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 bulls attention to a one-year trendline at $1.3103.
GBP/USD Analysis
Closed in NY at $1.6136 after pulling back from a post US employment report high of $1.6217 to $1.6123. Rate nudged to mark an early high into Asia at $1.6142 before turning lower, taking its lead from euro-dollar slippage, with rate squeezing down to $1.6102 before settling around $1.6110 into Europe.
EUR/USD Analysis
Closed in NY Friday at $1.3045 after rate had retreated from an initial react spike high of $1.3072, following release of US employment data, to a pullback low of $1.3015.
USD/JPY Analysis
Dollar-yen closed in NY Friday at Y78.67, after seeing US employment react highs of Y78.88 before easing back and finding support at Y78.60. Rate initially edged higher in a Tokyo holiday thinned session, meeting resistance at Y78.76 before turning lower.
Asian Currencies Technicals
AUD/USD: Focus On Sub-Parity Levels. Initial support is now confirmed at the double daily top from Oct 4 & 5 with multiple hourly failures noted at the $1.0270-75 region and stops now above.
FX Market Analysis
EUR: Opened early Europe at $1.3015, Euro-dollar closed in NY at $1.3020 after settling back from seeing extended highs of $1.3032, before pulling back to $1.3008 ahead of the close.
European FX Daily
– BoJ held policy unchanged, USDJPY fell – Singapore MAS policy meeting scheduled on 12 October – US payrolls may disappoint
Technical Analysis
After the post ECB moves the market has been sidelined overnight. EURUSD looks like an hourly bull flag so looking for a 1.3044 move before stalling, AUDJPY seems to be in the latter stages or possible already turned the corner on its minor upside correction, seek a sell…
FX Market Technical Research
EUR/USD: Recovers 21-DMA to Test Fibonacci Level. The pair recovers from the $1.28035 low to break above the 21-DMA, which turns support at $1.2844.
GBP/USD Analysis
Closed in NY at $1.6193, off recovery highs at $1.6203, with rate recovering off a pullback low of $1.6180 into the close. Rate met resistance at $1.6196 in early Asian dealing before drifting off to $1.6184, before it settled between $1.6188/95 through an otherwise subdued, pre-US employment Report, session.
EUR/USD Analysis
Closed in NY at $1.3020 after settling back from seeing extended highs of $1.3032, before pulling back to $1.3008 ahead of the close. Early demand into Asia met strong headwind sales above $1.3020 which restricted highs to $1.3023.
Asian Currencies Technicals
AUD/USD: Potential For $1.0169-1.0323. The AUD/USD is hesitating ahead of the Sept monthly lows with a close above the Oct 1 highs needed to see focus return to retests of the Sept monthly highs.