Forex Trades
FX G10/EM Morning Trader Views
EURUSD – So mkt takes the Cyprus news badly very similar reaction to the Italian election result. Eurjpy in particular an ugly open, followed by eurusd
FX Daily Crosses
Today’s highlights: – EURNOK: Dramatic breakout above key resistance levels clears the way for 7.5738 and then 7.6510.
FX G10/EM Morning Trader Views
EUR – While short eur worked well initially yesterday as we traded to a low of 1.2911 the lack of follow through an subsequent nasty squeeze all the way back above 1.3030 has ensure i cut shorts for now.
FX Daily Crosses
Today’s highlights: – EURGBP: Reverting lower within the current range and break below .8676 interim support now paves the way for eventual re-test of .8589/76/71 range lows.
FX Daily Majors
Today’s highlights: – EURUSD: Failure at trendline resistance and subsequent break below 1.2961 exposes our key support zone at 1.2890/76/65. We continue to expect this to hold.
FX G10/EM Morning Trader Views
EUR – So another fail at 1.3070/80, a weaker Italian auction and strong US retail sales led us to an unwind of long eur and eur x positions.
FX Daily Crosses
Today’s highlights: – EURGBP: The 78.6% Fibonacci retracement hurdle of .8765 remains intact. The risk is skewed lower within the range back towards .8571/6.
FX G10/EM Morning Trader Views
EUR – Quiet day yesterday that ended by squeezing out weak payrol/italy downgrade shorts from Friday below 1.3000.
FX G10/EM Morning Trader Views
EUR – A quiet Asia session post Friday’s moves as mkt settles, despite the late attempt at lower as Fitch caught up in downgrading Italy.
FX Daily Crosses
Today’s highlights: – EURGBP: Rebounding back to .8685./8724 resistance zone. Whilst capped by this resistance zone, the bias remains broadly lower for an eventual break through .8571/6 to .8442/11.
FX Daily Majors
Today’s highlights: – EURUSD: Bearish engulfing reversal sees the focus remain on the key cluster of support at 1.2901/1.2876/1.2851 going into the ECB. We expect a reversal higher from here.
FX G10/EM Morning Trader Views
EUR – Draghi time has arrived and with little fanfare it must be said, ADP data yesterday set the tone with the greenback rallying across the board with the headline pair trading 1.2965 in NYC and there is little bounce overnight.