Forex News
FX Daily Strategist: Europe
– EURUSD still constructive, but could consolidate towards the weekend Risk-sentiment has continued to move higher in Asia helped by better US earnings reports and a decision by Moody’s to affirm Spain’s investment grade rating (the lowest at Baa3 with a negative outlook last night on account of the proactive ECB response via the unveiling […]
Daily FX Technical Strategy: USD/CAD in a tight spot
The outlook for risk deteriorated late last week and a series of Double Tops suggest some follow through selling in the coming days.
FX Daily Strategist: US
– Our CDS-measure turns higher, flagging a bullish EUR stance even at current levels Markets today are not looking as risk-constructive as they were yesterday, but it can safely be said that it has nothing to do with eurozone concerns.
FX Daily Strategist: Europe
– EURUSD, GBPUSD and NZDUSD remains biased higher Markets have continued to charge ahead with better earnings reports from Europe and Thursday’s stronger labour data from the US showing initial jobless claims falling sharply.
Daily FX Technical Strategy: JPY finds a bid again
Near-term topping signals emerging in US equities signal further relief in the greater up-trends. This is helping to provide a bid for JPY and we are seeing evidence of this in some of the JPY crosses, with trendline breaks in EUR/JPY and CHF/JPY pointing to further downside toward the late September range lows.
FX Technical Volume Strategy: GBP/USD short covering
– Low relative volumes in the majors subdue overall trading levels. – Antipodean currencies are the pick of the bunch on a quiet day, but price fails to provide a strong directional lead.
FX Daily Strategist: Europe
– Markets hold in well despite plenty of negative catalysts Markets continue to hold in well. The catalysts for risk-off are plenty, including earnings season uncertainty, Japan-China tensions and trade disruption, uncertainty on when Spain requests assistance (and yesterday’s S&P downgrade) and geopolitical tensions surrounding Turkey, Syria and Iran.
FX Daily Strategist: US
– Market in search of catalysts The markets continue to trade without conviction, searching for catalysts. The catalysts are many for the modest risk-off tone seen in markets but none of them are dominating at present.
Daily FX Technical Strategy: Downside risk is the hot Topix
The euro is consolidating and we suspect range trading will continue to dominate trading over the rest of the week. Yesterday, EUR/GBP topped out against its range high with a Key Day Reversal implying near-term downside risk.
FX Technical Volume Strategy: EUR/JPY sell-off losing interest
– Volumes jumped back toward average levels for the year as US and Japanese investors returned to the markets. – The recent downturn in EUR/JPY and USD/JPY along with falling daily volumes suggests lack of commitment to JPY strength and limits downside potential for these currency pairs.
FX Daily Strategist: Europe
– Further upside to NOKSEK likely this week driven by soft Swedish releases Norwegian and Swedish CPI is scheduled to be released on Wednesday and Thursday respectively. BNP Paribas expect Norwegian CPI to rise 0.8% m/m, mainly due to seasonal factors, causing the y/y headline rate to fall slightly to 0.4%.
UBS Morning Adviser Asia
Meetings Disappoint EUR lost against its peers as the ECOFIN meeting concluded on Tuesday without any major developments on either the Greek or the Spanish issues. Investors shunned risk assets and JPY and USD gained across the board.