Forex Market
GBP/USD Analysis
Closed in NY at $1.6055 after recovering off traded lows at $1.6029, the rate having seen highs earlier in the day at $1.6129.
EUR/USD Analysis
Closed in NY at $1.3082, off pullback lows of $1.3057 seen during the NY session, off earlier Asian highs of $1.3140.
Asian Currencies Technicals
AUD/USD: Continues To Hesitate Topside. The AUD/USD continues to trade sideways ahead of the Jan 2 highs.
USD/JPY Analysis
The pair is likely to maintain a softer undertone in the continuation of position-adjustment of sharp devaluation of the yen since November.
Technical Alert
Time for USDJPY to correct the short- medium term stretch… EUR/USD Checking mid-1.31 resistance… USD/JPY Time to correct some stretch…
USD/JPY Analysis
Dollar-yen closed in NY at Y87.78, off session lows of Y87.63 with the dollar having traded generally soft through the NY session.
Daily Market Technicals
EUR/USD: Daily Studies Firmer As Bears Meet Buying Pressure. The pair met some buying pressure as it leaves long lower shadows on the last two candles.
GBP/USD Analysis
Closed in NY at $1.6117 after rate had been pressured had been pulled up to $1.6118 as it tracked euro-dollar’s stronger recovery.
EUR/USD Analysis
Closed in NY at $1.3115, after rate had been pressured to a high through the NY session at $1.3120 on general dollar losses.
Asian Currencies Technicals
AUD/USD: Layers Of Resistance $1.0583-24. The AUD/USD is drifting back towards the initial resistance noted at $1.0527.
USD/JPY Analysis
The pair is likely to trade in a tight range today in Asia, with investors waiting for political events in Japan for implications for risk sentiment.
Technical Alert
EUR/USD Trend line to be scrutinized… GBP/JPY Next leg lower underway… EUR/SEK Halted by next support… USD/SEK Upside exit underway… EUR/NOK Key day reversal!… USD/NOK Cover shorts!