Forex Market
EUR/USD Analysis
Closed in NY Friday at $1.2980, opening Asia unchanged before edging up to mark session highs at $1.2991 in opening trade. Rate reversed off highs as Asian equity markets opened with a negative tone leading the way into general risk aversion.
USD/JPY Analysis
Aussie-yen sales in Asia were cited for placing downside pressure on dollar-yen, the move down to pressure reported option barrier interest at Y78.00 said to have provided a soft tone for yen pairs in general.
Asian Currencies Technicals
AUD/USD: Friday’s High Key To Start The Week. Friday’s spike to fresh highs for the week lacked follow through and we now look for a close above $1.0518 to start the week as an indication that focus has returned to the $1.0624-90 region.
FX Market Analysis
EUR: Opened early Europe at $1.2985, Euro-dollar closed in NY at $1.2968 after recovering off lows at $1.2920 to $1.2974. Recovery extended in early Asia with rate edging to an early high of $1.2980.
Technical Analysis
EUR/USD 233d ma band revisited… EUR/JPY More indications of a top… AUD/USD Not behaving as expected… EUR/SEK Down at support… USD/SEK Exploring the lows… EUR/NOK Spiked below 7.4250… NOK/SEK Deeper into support.
FX Market Technical Research
EUR/USD: Daily Slow Stochastic, RSI, Momentum and DMIA studies continue to correct from lofty overbought levels as the pair makes its way back to the 200-DMA.
GBP/USD Analysis
Closed in NY at $1.6215 after extending its recovery off intraday lows of $1.6164 to $1.6219 ahead of the close.
EUR/USD Analysis
Closed in NY at $1.2968 after recovering off lows at $1.2920 to $1.2974. Recovery off that mentioned low extended in early Asian trade with rate edging to an early high of $1.2980.
USD/JPY Analysis
Dollar-yen closed in NY at Y78.26, the rate having remained buoyed above Y78.00 through Thursday. Rate saw lows of Y78.02 in the session before recovering back as market picked up a recovering risk tone, the rate edging to a high of Y78.36.
Asian Currencies Technicals
AUD/USD: Dips Below 21-DMA. The AUD/USD managed a dip below the 21-DMA ($1.0383) and currently trades inside the Ichimoku cloud.
FX Market Analysis
EUR: Opened early Europe at $1.3070, Euro-dollar closed in NY at $1.3046 after rate had recovered from extended pullback lows of $1.2993 to $1.3076.
FX Daily Strategist: Europe
– Economic data flow picks up after a quiet week: EZ PMIs and Spanish auctions today The USD has continued its rebound during Thursday’s session in Asia. This is despite positive newsflow out of China with a slight pick-up in the HSBC PMI Manufacturing survey (albeit remaining sub-50) and an announcement of the 18th party […]