Forex Market
EUR/USD Analysis
Closed in NY at $1.2506 after rate had eased away from intraday highs between $1.2560/64 to $1.2487, the move seemingly triggered by reported comments from Slovak PM Fico that a Eurozone break-up is equally possible as the alternative.
Asian Currencies Technicals
AUD/USD: Move lower looking a little over done. Spikes below the sharply falling lower 21 day Bollinger band continue following the break of the 200 day MA.
Americas FX Daily
Playing the ranges What happened overnight * AUD Q2 capex above consensus, mining pipeline still robust * Brazil cut rates 50bp as expected, signaled shift in guidance * Italy successfully auctions 2017 and 2022 paper
FX Daily Strategist: US
* Sharp rally in NOKSEK is set to continue. We target 1.17. Our long NOKSEK recommendation is showing some signs of life with a large move higher to break above its 55 dma (1.1449). A sustained close above that level today would target a move to its 200 dma (1.1639) – well on its way […]
FX Market Analysis
GBP: Opened early Europe at $1.5823, stg0.7922, GBP closed in NY at $1.5833, after rate had seen session highs of $1.5855 before pulling back to $1.5809.
FX Daily Strategist: Europe
*Sharp rally in NOKSEK is set to continue. We target 1.17. Our long NOKSEK recommendation is showing some signs of life with a large move higher to break above its 55 dma (1.1449). A sustained close above that level today would target a move to its 200 dma (1.1639) – well on its way to […]
USDCAD about to return to life?
USDCAD has been virtually lifeless of late as my ATR indicator posted an almost 15-year low. But the pair may be primed for expanding volatility on the other side of the Fed’s Jackson Hole conference.
Daily FX Technical Strategy: No base yet for AUD
Base metals look to have completed their recent recovery bounce and the subsequent downturn is expected to keep the focus lower for AUD.
FX Daily Crosses
Today’s highlights: * EUR/GBP: The .7950/64 barrier continues to cap and only above it would signal a base. * EUR/JPY: The stalemate sees prices in a range, but while trend support at 97.30 is intact recovery risks remain to 100.00/01 ahead of 100.72 where we would expect selling.
FX Daily Majors
Today’s highlights: * EURUSD: Still probing 1.2593/8 key Fibonacci resistance cluster. Whilst below here, our bias remains skewed to the downside for back through 1.2431 to 1.2399
Technical Analysis
No major moves found overnight with the EUR going nowhere, however the Antipodeans continues to lose ground, printing three wave corrective patterns on each and every upside attempt (60 min chart),
FX Market Technical Research
EUR/USD: Risks Fade Ahead of 100-Day Moving Average. The pair holds above the former 61.8% retracement level, which had capped at $1.2444, with this level now turning support, although the daily studies are showing some signs of fading.