Forex Market
EUR/USD Analysis
Closed in NY Friday at $1.2322 after rate had corrected off lows of $1.2241 to $1.2390 before pulling back to $1.2295 ahead of the close.
Asia today: Can the ECB really save the EUR? More clues this week
While the EUR had retreated from its 3-week highs versus the US dollar in the latter stages of Friday’s NY session, it opened a tad higher at today’s Asian open following weekend press reports in Europe.
Global Technical Watch – Quick Charts
US 30y yields posted a bullish reversal on daily charts last week, and on Friday, US 10y yields confirmed the signal by also posting a reversal signal on weekly charts.
Asian Currencies Technicals
AUD/USD: Fresh 4 month highs. Fresh 4 month highs for the pair to end the week sees overall focus on retests of the 2012 highs. The move higher may have gotten a little ahead of itself with the pair having closed above the 21 day upper Bollinger band with further oscillation around the upper band expected […]
Behavioral Finance: Daily Forex Outlook: The flight of the euro ‘bumblebee’
EUR USD (1.2285) Mario Draghi’s verbal intervention yesterday had the kind of impact Japanese monetary officials can only dream of. The euro climbed 1.75 percent as sound-bites from his speech hit the wires.
GBP Analysis
Opened early Europe at $1.5682, stg0.7838, GBP closed in NY at $1.5685, off extended recovery highs of $1.5724 having met stiff resistance from offers placed into the Jul 19 highs at $1.5735.
JPY Analysis
Opened in early Europe at Y78.23 and Y96.17, opened in Asia at Y78.20 on a bid tone and lifted to Y78.35 on early demand in the crosses, strong supply met and the rate pared gains as traders reported decent 2 way flow from Japanese banks.
FX G10 and EM Morning Trader Views
G10 EUR – Mr Draghi was all it took to turn a mkt on its head yesterday – struggling on the days lows at 1.2118 ‘we will do whatever it takes’ ‘managing yields’ – and eurusd never looked back –
Technical Analysis
Euro & €Stoxx recovery could be extended. Watch USD index now!… EUR/USD All in one day or more coming?… EUR/GBP Has some upside catch up to do… EUR/SEK All over the place…
FX Market Technical Research
EUR/USD: Daily Studies Attempt Recovery. The pair recovers the 5-DMA at $1.2180 to test the 21-day moving average, which declines to $1.2310.
USD/JPY Analysis
Opened in Asia at Y78.20 on a bid tone and lifted to Y78.35 on early demand in the crosses, strong supply met and the rate pared gains as traders reported decent 2 way flow from Japanese banks.
GBP/USD Analysis
Closed in NY at $1.5685, off extended recovery highs of $1.5724 having met stiff resistance from offers placed into the Jul 19 highs at $1.5735.