Tag Archives: BUND
Commodity currencies continues to be sold off
EUR/USD: The 1.3488 bounce probably completed the mid bodycorrection in just one session (instead of the more normal 2-3 periods) hence downside pressure is now expected toreturn.
Dollar’s hot, euros not. Sell commodity currencies.
EUR/USD: So with the final pop up, spiking above the 55d ma band theeight and a half day long correction finally came to an end.
Weaker CAD, AUD & SEK looks increasingly likely.
EUR/USD: The move higher hasn’t changed in shape, nor has itchanged direction. It looks correctional and as such it is stillthought to end somewhere near 1.3550.
NOK going weaker again? Stock markets look vulnerable. CRB lower.
EUR/USD: The correctional ascent has reached the starting point of themost recent more notable drop and this area ought toattract sellers once again
€/$ at the crossroads. NOK/SEK making way north
EUR/USD: Something’s gotta give way. There’s not much room left to maneuver in without breaking below the floor of the bear flag (preferred scenario) or
Weekly Economic & Financial Commentary
U.S. Review: A Little Less Shine on the Data * The trade gap increased more than expected in September as exports slipped 0.2 percent and imports rose 1.2 percent.
Seeking a stronger dollar. €/Scandies consolidating.
EUR/USD: A first attempt to end the current upward correction wasseen yesterday but was apparently not drawing enoughselling to break down from the bear flag.
USD/JPY make or break? Scandies – time for a pause
EUR/USD: The corrective climb yesterday entered an area whereresistance is expected be firmer (previously broken trendline, the 55d ma band, 38.2% Fibo of the decline and a thelatest reaction peak)
The euro is clawing back earlier losses, especially against the scandies
EUR/USD: The market failed to contain the pair inside a contractingcontinuation pattern, but it is likely still a bearishcontinuation formation more like a “Flag”
Weaker yen with higher US bond yields
EUR/USD: Nothing much is cooking after ECB over boiled the kettle lastweek. The near-term “Triangle” is normally a continuationpattern and
€/$ – 1 more low. USD/NOK violated the 6.14 key res.
EUR/USD: The lower high and higher low printed Friday indicates thatwe are in the process of constructing a bear triangle.
USD/SCANDIES we like….a lot. USD/CAD to follow.
EUR/USD: So with the drop below 1.3449 the recent peak at 1.3548was confirmed being the end of the minor upside correctionand accordingly the market continued lower after passingthe support.