Forex Trades
FX G10/EM Morning Trader Views
EUR – Mkt held back towards last few days of 2012 in terms of risk as it awaited the news on the fiscal cliff – We eventually got the deal, in some form, o/n and the mkt has responded positively accordingly.
FX Daily Majors
Today’s highlights: – EUR/GBP: .8097 support continues to hold for now. Broadly, whilst above the .8047/34 support zone, the medium-term focus remains higher to .8263.
FX G10/EM Morning Trader Views
EUR – headless chicken trading continues, this is certainly being exacerbated by liquidity with year end flows pushing this round wildly.
FX Daily Crosses
Today’s highlights: – EUR/GBP: .8097 support continues to hold firm. The immediate bias remains higher whilst above here for a test of the .8166/7 key neckline hurdle. Above here exposes .8263.
FX Daily Majors
Today’s highlights: – EURUSD: Resistance found at 1.3309. This is likely to cap the market for now and a correction back to 1.3072/62 is plausible, before the next leg higher to 1.3487.
FX Daily Crosses
Today’s highlights: – EUR/GBP: .8097 support continues to hold firm. The immediate bias remains higher whilst above here for a test of the .8166/7 key neckline hurdle. Above here exposes .8263.
FX Daily Majors
Today’s highlights: – EURUSD: Probing the 1.3284 hurdle now. We expect the market to break out eventually through here and persist higher to 1.3388 and then 1.3487.
FX G10/EM Morning Trader Views
EUR – very little pull back in Asia following the break of 1.32 yesterday, this still remains firmly buy-on-dips for now. We should not trade back down below the figure today, any dip towards here I will be buying more.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Bearish reversal ahead of the .8166/7 resistance, suggests a correction lower from .8156 is underway. However we expect this to be limited to .8097.
FX Daily Majors
Today’s highlights: – GBPUSD: Advance towards the key 1.6310 chart resistance hurdle continues for now. We stress that a breakout above this major hurdle targets 1.6619 eventually.
FX Trends daily (FOCUS: GBP/SEK)
GBP/SEK The cross has cleared a short term resistance around 10.78 ahead of a slight consolidation yesterday. In this context, an extension of the recovery toward October top at 10.86 is expected.
FX G10/EM Morning Trader Views
EUR – Heavy buying continued yesterday from RM/Corp a/cs but we stalled at this 1.3180 lvl and again o/n in Asia.