Tag Archives: BUND
Bearish EUR/SEK “Head & shoulders” top formation in place
EUR/USD: The near-term correction higher may be over withyesterday’s toppish looking candle. Extension below 1.3620today would turn focus back on the low end in “the Cloud”and the recent 1.3548 low again.
USD/JPY bouncing from support. NZD/USD trades towards 0.8415.
EUR/USD: The earlier move up from support is so far not rejected. Withintraday goggles on there is something looking like a bullishflag forming.
More €/JPY & NOK/SEK losses, NZD in demand.
EUR/USD: With the 1.3550/70 support now thoroughly tested themarket will most likely spend some time in roughly a 1.3570– 1.3770 range before making a new attempt to break lower.
Weekly Economic & Financial Commentary
U.S. Review Employment Throws a Curve Ball After Fed Tapering • Employment plummeted well below consensus estimates, rising by only 74,000 jobs in December compared to the survey forecast that expected almost 200,000 jobs.
€/$ congestion before lower. €stoxx50 double top?
EUR/USD: Despite the downturn and a fresh low a few points beneaththe 1.3550/70 support zone sellers were unable to followthrough.
Falling commodity ccy’s. USD/Scandies bid.
EUR/USD: The market yesterday with a slim margin closed below the55d ma band hence posting yet another bearish message.
Weaker CAD & CHF noted. Looking for a EUR/JPY sell.
EUR/USD: Judging by price action the market remains in aconsolidation/correction in relation to the most recent sharpdrop. This means that another leg lower should materialize.
Sell EUR & GBP into a fading near-term rally
EUR/USD: Support at the lower end of the “Cloud” was noted andrespected yesterday. The net bullish candle as a resultpoints “up-before-down”.
JPY short covering. EUR weakness getting legs
EUR/USD: The bearish setup did deliver the anticipated outcome as themarket broke through the 1.3728/44 support zone attractingfresh selling. The next objective is to test and likely breakthe 1.3625 support,
Still looking for a $ rise. Sell the AUD bounce.
EUR/USD: The setup for a move lower is still in place with the falseupside break and bearish divergences in MACD andmomentum indicators (also 9 out of the past 15 Jan’sbecame losers).
Returning $ demand? AUD testing key levels, again.
EUR/USD: Even though we take into account a less liquid market thannormal, Friday’s price action, with the up-thrust peak abovethe prior peaks and 61.8% Fibo resistance,