Forex Trades
FX Daily Majors
Today’s highlights: – EURUSD: Probing the key range resistance zone at 1.3398/1.3404 after the rebound higher from 1.3264. We highlight however that a clear break above 1.3404 is needed for 1.3487/93.
FX G10/EM Morning Trader Views
EUR – Well early LDN crack the 1.3400/05 resistance as we trade to a 1.3420 high. Seeing some early model and corp selling into this move as spec and ctas buy.
FX Daily Majors
Today’s highlights: – USDCAD: Market completes a medium-term double bottom base through .9975. We see scope for the market to rally substantially higher now to 1.0136, then 1.0273.
FX G10/EM Morning Trader Views
EUR – The whippy price action continues within this 1.3250/1.34 range but today we have the euro area pmi’s to contend with – right now eur x’s holding up well,
FX Daily Crosses
Today’s highlights: – EURGBP: Struggling to overcome the .8420 50% retracement after reversing lower from .8442 yesterday. We expect a correction lower, back to .8328, and then .8265.
FX Daily Majors
Today’s highlights: – EURUSD: Still scope for a brief break below 1.3257 but broadly we remain bullish for trend continuation through 1.3404 to 1.3487 and then 1.3835 eventually.
FX G10/EM Morning Trader Views
EUR – Wild and choppy best describes yesterdays price action and we sit right in the middle of the range 1.3250/1.3400.
FX G10/EM Morning Trader Views
EUR – Interesting to see that eurusd hasn’t been dominated by eurjpy o/n and has taken out stops higher back above that 1.3335/40 lvl trading to 1.33715 currently.
FX Daily Crosses
Today’s highlights: – EURGBP: Failing ahead of the .8420 long-term 50% retracement. We expect a correction lower from here back to .8328, with overshoot to .8265 which should hold.
FX Daily Majors
Today’s highlights: – EURUSD: Support under threat at 1.3257 again as the market reverses lower from resistance at 1.3404/1.3398.
FX G10/EM Morning Trader Views
EUR – Disappointment on Friday at the failure to break those offers at 1.3400/05 led to a nasty flush out in the LDN afternoon all the way back to the 1.3280 lvl but even then no follow through on downside.
FX Daily Crosses
Today’s highlights: – EURGBP: Strong breakout through .8346 78.6% retracement resistance paves the way for further upside to .8420 and potentially then .8507.