Forex Market
Technical Analysis
Key events today and tomorrow are obvious key risks to anything we have seen during the position deployment ahead of announcements…
FX Market Technical Research
EUR/USD: Closes Above 200-DMA. EUR/USD has taken out the falling daily trend line and closed above the 200-DMA for the first time since late Nov 2011, adding support to the bullish case.
EUR/USD Analysis
Closed in NY at $1.2851 after rate had eased off extended highs of $1.2872 to $1.2845. Rate had a quiet start into Asian trade with rate holding just above $1.2850.
GBP/USD Analysis
Closed in NY at $1.6073 after rate eased off traded highs at $1.6085 to $1.6067. Rate eased to retest that NY pullback low but again found support here. Rate then edged to $1.6073 before dropping back to $1.6065 as market probed for stops.
AUD/USD Analysis
Closed in NY at $1.0434 after pulling back from a session high of $1.0449 to $1.0428. Rate initially drifted down to retest the pullback lows in NY at $1.0428 before picking up fresh demand via Aussie-yen (as yen pared Tuesday gains).
Asia FX Rundown
News and markets The USD was weak across the board yesterday after the Moody’s comments, and EUR AUD and JPY all took out stops on the other side of important chart levels.
Asian Currencies Technicals
AUD/USD: Focus Firmly Remains On Higher Levels. Fresh 3 week highs for the pair as it closed above the 21-DMA with focus firmly on retests of the $1.0540-1.0640 region.
Americas FX Daily
USD weaker ahead of Fed and court ruling What happened overnight – German court confirms ESM decision to be released Wednesday – UK reports better-than-expected trade data
FX Daily Crosses
Today’s highlights: – EUR/GBP: Range support at .7964/59 ideally holds to maintain recovery with risks to .8004. Above here would aim at the .8096 high. – EUR/JPY: We ideally look for basing support at 99.60/21 to hold to see a test of the 101.65/81 where we expect a fresh attempt at a top. – EUR/SEK: […]
FX Market Analysis
GBP: Opened early Europe at $1.6008, stg0.7977, GBP closed in NY at $1.5989 after rate had seen an impressive bounce off $1.5960 lows to $1.6018, the rate then pulling back to $1.5985 into the close.
USDJPY at big support level ahead of key event risks
The USD is at important support levels in EURUSD and USDJPY ahead of the next two days of key EU and FOMC event risks. Stand by for an “either/or” test of these levels in the coming days.
FX Daily Majors
Today’s highlights: – EURUSD: Reverting back to the breakout support zone of 1.2727. Some rebound potential from here for back to test trendline and 200- day average resistance at 1.2838/50.