Forex Trades
FX Daily Crosses
Today’s highlights: – EURJPY: Aggressive break above 127.71 confirms a bullish “triangle” continuation pattern for 132.04 next.
FX G10/EM Morning Trader Views
EUR – German IP at 11:00. After last week’s brutal 3 big-fig rally, the dust should start to settle. Cross yen moves, weak US data and market position have been the drivers but I would expect fresh EUR shorts,
FX Daily Majors
Today’s highlights: – USDJPY continues its dramatic surge higher and we stay bullish for 99.86/100 – 50% of the 2007/2011 bear market. An overshoot beyond here into the 101.27/103.10 zone now looks likely.
FX G10/EM Morning Trader Views
EUR – Painful best way to describe yesterdays moves, with Draghi dovish and a break to marginal new lows at 1.2744 providing what we were looking for before eur fully reversed 200 pips as everyone,
FX Daily Crosses
Today’s highlights: – EURJPY: Aggressive upside reversal through 121.90 clears the way for a further advance towards 124.53 chart resistance.
FX Daily Majors
Today’s highlights: – USDJPY: Back challenging the 93.39 medium-term trendline and chart support level. A break below here is needed to see further downside risk to 92.15 initially.
FX Daily Crosses
Today’s highlights: – EURGBP: Downtrend persists lower and is fast approaching the key .8442/11 support zone. In the event of a continuation below here, the market then turns its focus on .8300.
FX G10/EM Morning Trader Views
EURUSD – Choppy would be an understatement but the trend remains to the downside. Long term and corporate buying slows the move and i expect this to continue but bias is still for lower.
FX Daily Majors
Today’s highlights: – USDJPY: Rebounding from the 93.35/45 support zone. Above immediate resistance at 94.96/95.00 allows the advance to continue higher for 96.14 minimally.
FX G10/EM Morning Trader Views
EURUSD – Mkt sold the fact yesterday stopping itself begrudgingly back into the short eurusd trade, helped in no small part by comments from the head of eurogroup finance ministers suggesting the Cyprus bailout could be a template for the rest of Europe.
FX G10/EM Morning Trader Views
EURUSD – A relief rally o/n in asia as the headlines said ‘deal agreed’, although still a lot to be done. I not a massive believer in the upmove and feel the spike o/n has cleaned the decks of those who faded the spike to 1.30 friday and left tight stops.
FX Daily Crosses
Today’s highlights: – EURGBP: A fresh lower low, as the downtrend persists lower towards the .8442/11 chart/38.2% Fibonacci retracement support cluster.