Tag Archives: BUND
Higher US 10year yield & Stronger stock markets. USD/TRY skyrocketing.
EUR/USD: The ascending 55day exponentially weighted movingaverage band, starting at 1.3640 represents short-termdynamic support. Buyers seem to keep the upper hand inthe holiday season thinned market.
S&P500 extending gains towards 1,835. USD/TRY tests >2.10
EUR/USD: A net move lower was recorded last week and this points lower,but the market became balanced ahead of the weekend andthe 1.3622-1.37 stalemate has to end for a fresh directional cue.
Weekly Economic & Financial Commentary
U.S. Review A Little Less Punch in an Awfully Big Bowl * Citing progress in the labor market and more balanced risks to the outlook, the FOMC has decided to begin scaling back the pace of its asset purchases in January.
The dollar retains the upper hand & 10y US yield is about to break 3.01% Friday
EUR/USD: The post FOMC drop is still in progress. Supports at 1.3635& 1.3622 are examined. Bearishly below would call forextension towards 1.3525 next (with 1.3580 currently beingan intraday stretch to keep in mind).
Generally a post FOMC stronger dollar, but US stocks also thrive
EUR/USD: The low and bearish looking session close post the Feddecision to taper USD 10bn/mth is pointing towardsextension into attraction/support starting at 1.3622.
And now it’s up to the Fed to decide…
EUR/USD: Outside 1.3709-1.3811(33) is still needed to get an idea ofwhere the market wants to go from here, and it’s fair toguess that this is pretty much up to the Fed to decide whichdirection markets should take from here.
Riksbank rate decision is the main distraction today
EUR/USD: The recent 1.3811 & 1.3833 peaks remain untouched so far.The “below mid-range” session close left more for bulls towish for. But sellers would on the other hand need a sub-1.3709 move to
USD/JPY could recheck the mid-101s and EUR/SEK 9.0050.
EUR/USD: The market showed hesitation last week while first tryinghigher then lower, only to close Fri where Mon started.
Very positive $ signs. Scandies to suffer more.
EUR/USD: Even if it still has to be seen whether the price ends backwithin the 55w Bollinger (see yday TA) or not other signs ofweakness are resurfacing today.
More bearish £ signs. USD/Latam taking off.
EUR/USD: We’re now back in the rather rare situation that the marketis trading outside the 55week Bollinger band (and alsoyesterday, however for a short while, on a daily basis)something that historically has a strong tendency to
EUR/USD is possibly peaking. EUR/SEK under 8.98 would trigger a correction lower.
EUR/USD: Sellers responded to the move above an alternative 127.2%Fibo and negotiated the close just below it. A move under anear-term 1.3745 pivot would show near-term initiative andtarget 1.3695.
The euro is still bid and the yen relentlessly offered. EUR/SEK targets >9.0050.
EUR/USD: We are stubbornly clinging to the idea of the advance beingcorrectional. We have to admit it has gone farther thanthought, but it looks correctional nevertheless.