Forex Market
Americas FX Daily
Geopolitics in focus ahead of central banks What happened overnight – Turkish military retaliate to Syrian shelling of border town – We expect the ECB and BoJ to keep policies unchanged today
FX Market Analysis
EUR: Opened in early Europe at $1.2923, recovery attempts around the NY close continued into Asia, extending to $1.2924 before getting knocked back to $1.2910, but the dip quickly attracted fresh demand that saw rate edging toward resistance in the $1.2930/40 area.
FX Daily Strategist: Europe
– Geopolitical tensions not yet systemically hurting markets; We stay USD bearish Markets are holding in well in holiday-thinned trading with Japan bourses outperforming following the rally up in USDJPY to a two week high.
European FX Daily
– We expect the ECB and BoE to keep policies unchanged today – Watch FOMC minutes for any guidance of easing criteria – Revised our USDINR three- and 12-month forecasts lower to 50.5 and 50.0
Technical Analysis
EURUSD still range bound and as long as holding above 1.2870/80 no top confirmed in place, AUDUSD (& NZDUSD)small congestion before heading lower, underpinned by narrowing int rate spread, lower commodity prices etc, BOE GBP index exit rising wedge = weaker sterling,
FX Market Technical Research
EUR/USD: Attempts Recovery Off 200-Day Moving Average. The pair continues to attempt a recovery from the 200-DMA and minor rising support line at $1.2823/57.
GBP/USD Analysis
Closed in NY near intraday lows of $1.6067 after sterling continued its recent corrective pullback following another set of disappointing data.
EUR/USD Analysis
Closed in NY at $1.2907 , the rate having seen high earlier in the day of $1.2937 before squeezing back to $1.2887. The recovery into the close continued into Asia, the move extending to $1.2924 before getting knocked back to $1.2910 but the dip quickly attracted fresh demand that saw rate edging toward resistance in […]
USD/JPY Analysis
Dollar-yen closed in NY at Y78.50 just off the intraday high of Y78.58. The pair ground lower in early Asian trade to Y78.42 before dip demand recovered and settled in a tight range with many on the sidelines ahead of the BOJ interest rate decision tomorrow.
Asian Currencies Technicals
AUD/USD: Pausing Ahead Of Sept Lows. The AUD/USD continued its move lower towards the Sept monthly lows, dipping below the 21 day lower Bollinger band ($1.0207) and closing below the 100-DMA and the 38.2% Fibo of the $0.9584-1.0624 move, all adding weight to the bearish case.
FX Market Analysis
EUR: Opened early Europe at $1.2902, Euro-dollar closed in NY at $1.2917 after correcting off a session high of $1.2968 as market reacted to comments from Spain’s Rajoy that a request for aid was not imminent.
European FX Daily
– China’s non manufacturing PMI fell – Australia posted a bigger than expected trade deficit in August – We expect the Polish central bank to be on hold, against consensus for a cut