Technical Analysis
EUR/JPY Technical Analysis
(130,50) The EUR/JPY confirmed a further session of consolidation interior the inside day despite a 130,60 overshooting.
EUR/CHF Technical Analysis
(1,2398) The EUR/CHF confirmed a positive closing while remaining interior Friday’s range forming a new inside day with 1,2425 – 1,2330 the levels to follow in the coming hours.
USD/JPY Technical Analysis
(99,80) The USD/YEN confirmed a closing above the top of the previous session but it failed to confirm the break above the resistance of the inside day at 99,95.
Daily Market Technicals
EUR/USD remains just below 200-DMA while yesterday saw bears test support just below $1.3000 area but left another long lower shadow, adding pressure to the upside.
Asian Currencies Technicals
AUD/USD managed to bounce off lows to start the week but has remained capped at the $0.9120 level after a couple of attempts to head higher.
Macro/Fixed Income Research
EUR/USD: Momentum suggests rebound from moving averages and testing of 1.30 level.
GBP/JPY Technical Analysis
(150,40) The GBP/JPY is holding very well above the 100 days line at 149,42 suggesting further upside potential..
USD/CAD Technical Analysis
(1,0409) The USD/CAD confirmed a correction on Friday with a positive closing while however remaining interior the range of the previous session forming a new inside day
GBP/USD Technical Analysis
(1,5089) The CABLE confirmed a negative closing but overall it remained interior the previous day’s range forming a new inside day
GBP/CHF Technical Analysis
(1,4380) The GBP/CHF is still confirming further consolidation interior the inside day despite a drop below 1,4270, however not confirmed by a daily closing.
€ remain firm despite surging Portuguese bond yield
The common currency starging the week on a firm bias despite a 57bps surge in Portuguese 10y yield on Friday and a downgrading of France.