Tag Archives: BUND
Still like selling cable above 1.54, stronger JPY
EUR/USD: Yesterday’s dip down to 1.3164 sent two messages (peak to trough in an hourly chart became a clear three wave corrective pattern and
Seeking a cable short. Scandies close to a low point
EUR/USD: The market yesterday, for a short while, rose from its comfort zone to print the sought 1.3209+ high before again returning into the doldrums.
Possible JPY correction, AUD next correctional rise
EUR/USD: Even though the market made small upward progress on Friday buyers was unable pushing us up to the minimum target, 1.3209.
Short term more dollar weakness
EUR/USD: With a higher low printed yesterday the upside pressure remain in place and as earlier elaborated a corrective peak cannot be put in place with less than a move above 1.3209.
Weekly Macro Chart Pack
• AUDUSD is threatening a base. Even if completed though, strength will be seen as corrective.
Continued $ correction, €/SEK, €/NOK temporary dips
Dollar correction took another step yesterday and is probably not yet completed (we’ll see after today’s US hearing and report).
AUD short squeeze underway
A lacklustre market yesterday with few if any directional clues given. EURUSD a double downside spike however points at a buy the dip behaviour hence upside risk on the rise,
€ 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.
Weekly Economic & Financial Commentary
U.S. Review Inflation Backdrop Remains Fed Friendly • Inflation data this week showed that price pressures remain manageable.
Weekly commentary on economic and financial market developments
Hot Summer For French Budget! Over the last 10 days, the downgrading of Italy’s sovereign credit rating from BBB+ to BBB and
$ selling probably not completed, equities higher
EUR/USD: Overall great uncertainty in the aftermath of the post FOMC washout but the price action in the low
$ sold off–equities, gold, bonds in demand post FOMC
EUR/USD: With no downside follow through shorts were already nervous and started pushing the buy button passing the 1.2899 resistance,