Forex Market
Mid-Day FX Market Analysis
EUR – Closed in NY at $1.3061 after it had pulled back from an early NY recovery of $1.3080 to $1.3046 before recovering into the close.
Technical Alert
EUR & GBP slid lower yesterday but are likely to take a breather ahead of today’s CB meetings. AUD/USD is a must watch as we possible are exiting a large bull triangle.
USD/JPY Analysis
Dollar-yen closed Wednesday in NY at Y87.93 after rate had seen a recovery off early Asian lows of Y86.83 to a high of Y88.02 during the US session, before edging off a late pullback low of Y87.75 into the close.
Daily Market Technicals
EUR/USD: Daily Studies Stretched As Bears Eye Jul 24 Supp Line. The pair moves lower again to test our initial support level, the daily Bollinger band base at $1.3026.
GBP/USD Analysis
Closed in NY at $1.6024 after rate had recovered off a NY low of $1.5992 to $1.6033 before easing off into the close.
EUR/USD Analysis
Closed in NY at $1.3061 after rate had pulled back from an early NY recovery to $1.3080 to $1.3046 before recovering into the close.
Asian Currencies Technicals
AUD/USD: Dec Monthly Highs Now Targeted. The AUD/USD managed minor fresh highs for the month/year and now has the Dec 12 monthly highs in its sights with a close back below yesterday’s low ($1.0488)
USD/JPY Analysis
The pair is likely to maintain a firm undertone today in Asia as risk sentiment improved on emerging optimism about the outlook for corporate profits.
Mid-Day FX Market Analysis
EUR – Closed in NY at $1.3082, off pullback lows of $1.3057 seen during the NY session, after rate had seen earlier Asian highs of $1.3140.
Technical Alert
EURUSD fell back below 1.3091 (now resistance) which turns focus back to Fri-Mon lows at 1.3017 & 1.2998…
Daily Market Technicals
EUR/USD: Bears Eye Jul 24 Support Line As Studies Slide. The pair slips lower again and daily studies maintain their bearish tone,
USD/JPY Analysis
Dollar-yen closed in NY at Y87.05, having seen a corrective pullback through the NY session that had taken it to lows of Y86.90.