Forex Trades
FX Daily Crosses
Today’s highlights: – EUR/GBP: Caught in a range between .8067/78 resistance and immediate support at .8009. A breakout either side of the range is required for more direction.
FX Daily Majors
Today’s highlights: – EURUSD: Approaching the key 1.2844 38.2% Fibonacci retracement hurdle. We expect this to cap and for the market to reverse lower back to 1.2662, then 1.2502.
FX G10/EM Morning Trader Views
EUR – focus now switches to ‘core Europe’ following the French downgrade by Moody’s. French yields slightly higher on the open, not a huge move though with this largely reflected in spot having squeezed higher post the initial headline dip.
FX Daily Majors
Today’s highlights: – EURUSD: Range bound between the 1.2803/44 resistance zone and support at 1.2662. We continue to look for 1.2844 retracement resistance to cap, with risk to 1.2502.
FX G10/EM Morning Trader Views
EUR – Whipping about in a tight range of late, the parameters of such defined by the 100 and 200 dma’s at 1.2650 and 1.2808 respectively.
FX Daily Crosses
Today’s highlights: EUR/GBP: Failure ahead of .8078 at .8067 sees the market reverse lower again. A break below .8000 support however would see risk back to .7961/60. Through here sees .7923/12.
FX Daily Majors
Today’s highlights: EURUSD: Advance now approaching important resistance hurdles at 1.2803/12/44. We expect the latter 1.2844 to cap, with a reversal lower most likely to then target 1.2502.
G10 FX Spot Commentary
GBP – Early eurgbp seller catches the market off guard. Short term market makers are short sterling but the demand is solid and quality names.
FX G10/EM Morning Trader Views
EUR – Orderbooks wiped clean now as we play this 1.2650/1.2820 range – Eur x’s extended yesterday eventually dragging eurusd with it taking the stops out 1.2780/00 –
FX Daily Majors
Today’s highlights: – EURUSD: Trendline break exposes 1.2791 resistance. Scope for a brief prod above here to the 38.2% Fibonacci retracement hurdle of 1.2844, which should then cap.
FX G10/EM Morning Trader Views
EUR – Eur x’s supported eurusd yesterday and we saw some general short covering from lev and spec a/cs helping us to trade 1.2778 high. That 1.2770/80 was the lvl we were looking for and so square again now.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Threatening short term resistance at .8033 after defending the .7961/0 support zone yet again. Increasing signs of basing, but above .8033 required for .8078.