Forex Market
EUR/USD Analysis
Closed in NY at $1.2347 after rate had recovered from session lows of $1.2295 to $1.2350. Rate initially marked lows at $1.2342 in early Asian trade before edging up to an early high of $1.2355.
Asia today: Minutes suggest the RBA on hold; AUD a touch firmer
Asian opening levels were similar to yesterday and it took the RBA minutes to stir up some action. The minutes held few surprises from the post-meeting statement but did reinforce the notion that the RBA is in no rush to cut rates in the near-term and this lent support to the AUD. The RBA noted […]
Asian Currencies Technicals
AUD/USD: Inside day to start the week. An inside day to start the week for the pair with the 21 day moving average capping the days rally.
Americas FX Daily
Risky assets open the week on a light bid What happened overnight * Spiegel reports ECB is considering imposing cap on Spanish yields * WSJ reports Spain seeks ECB commitment to unlimited bond purchases
FX Daily Crosses
Today’s highlights: * EURGBP: Prices remain in tight range near term, but we remain bearish for a test of 7790 ahead of .7755/40. * EURJPY: The risks remain higher to 98.33/87 next with scope up to 100.72, which we would expect to cap for a turn lower.
CFTC: AUD gross long in new record; Aggregate dollar long drops
Money managers and other speculative traders continued to reduce their long dollar positions during the week ending August 14. The aggregate dollar position versus the eight IMM currency futures which we track in this report dropped to USD 4.6 billion, which is the lowest level in 11 months.
European FX Daily
* Asia FX in tight ranges * Flash PMIs key on the calendar in the euro zone this week * In the US, durable goods orders and FOMC minutes in focus
FX Market Analysis
GBP: Opened early Europe at $1.5695, stg0.7857, GBP closed in NY at $1.5697 after recovering from a session low of $1.5674, the rate having seen highs earlier in the day of $1.5728.
Technical Analysis
€/Scandie’s correctional peaks in place… EUR/USD Indecisive … USD/JPY Important close today… NZD/USD Seeking a sell… EUR/SEK Strong rejection from target… USD/SEK 6.53/57 important ref’s… EUR/NOK 2nd spike above the line… USD/NOK Important support.
FX Market Technical Research
EUR/USD: Focus on Fibonacci Level, 21-DMA. The daily stochastic study formed a bear-cross in EUR/USD, while 10-day momentum is flirting with the zero line, keeping bear’s attention on the 21-DMA, which rises to $1.2287.
GBP/USD Analysis
Closed in NY at $1.5697 after recovering from a session low of $1.5674, the rate having seen highs earlier in the day of $1.5728. Cable recovered in early Asian trade, the rate edging to a high of $1.5714 before turning lower with euro-dollar.
EUR/USD Analysis
Closed in NY $1.2334, after recovering off a session low of $1.2288 to $1.2347, the rate having seen highs earlier in the day at $1.2382.