Tag Archives: AUD/NZD
FX Daily Crosses
Today’s highlights: – EUR/GBP: Selling pressure has extended and beneath .7984/78 would see a more bearish turn for .7923/12.
Technical Analysis
$ surge, commodities, CAD, NZD & equities lower… EUR/USD Strong resistance rejection.. CAD/JPY Bearish key day reversal… EUR/SEK Entered support zone… USD/SEK Another failed neckline test…
FX Daily Crosses
Today’s highlights: – EUR/GBP: Gaining traction at .7984/78 support, and after the removal of .8014 we see scope for risk towards .8078 once again. Above creates a base for .8166 again.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Trendline break through .8000/.7990 paves the way for further downside risk to .7923/12 chart/61.8% retracement support.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Decline lower persists, with the market breaking immediate trendline support at .8020. We expect a continuation lower to .7923/12.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Rebounding higher from .8000 support. We expect renewed selling interest to weigh on the market at .8100 resistance, with risk skewed lower to .7986 initially.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Oscillating around the 38.2% retracement. Some further downside risk is expected to the .7980 channel support level. But we look for this to hold.
FX Daily Strategist: US
– GBPUSD rallies as UK growth beats forecasts In FX, the two focal points remain on USDJPY and GBPUSD today, both which continue to move higher. On GBPUSD, we retain our bullish bias with UK growth likely to outperform as underscored by today’s very strong Q3 GDP figure from the UK.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Reversal lower results in a break below .8099/90. We see scope for a bit more weakness, but we look for .8022 chart support to hold, with broader risk still for .8263.
FX Daily Strategist: US
– EURUSD decline to be temporary; Weak US GDP to result in weak USD Today’s European PMIs and German IFO came in softer, resulting in some EUR weakness. A multi-day decline in EURUSD would not surprise us with periodic bouts of USD support should the earnings season-which not even halfway throughdisappoint (more below).
FX Daily Crosses
Today’s highlights: – EUR/GBP: In corrective mode but expected to be short-lived, and supported by .8098/90. We remain buyers on dips for through .8166 to .8221 and then .8263.
FX Daily Strategist: US
– EURUSD enters a more bullish phase; Data unlikely to raise ECB easing expectations The EURUSD crept up again on Monday after Spain’s prime minister won an election victory yesterday in his home region of Galicia. This victory likely removes a hurdle for Madrid to apply for EU/ECB intervention via OMTs.