Tag Archives: BUND
EUR/USD likely to expand losses. Next key ref is located at 1.2661
EUR/USD: A short-term 1.2796 key ref was yesterday taken out and this opens for extension below 1.2740 and into the next key medium-term ref, located at 1.2661.
Modest dollar correction likely before higher again
EUR/USD: A 1.2875-1.2985 pause correction shouldn’t come as a surprise before attacking the short-term key ref at 1.2796.
$/Scandies in the lead for a stronger dollar.
EUR/USD: Another daily (and weekly) candle added so we’re continuing to build downward pressure. We are now also in the low end of the 1.2796-1.3000 broad support zone with
Weekly Economic & Financial Commentary
• Modest domestic U.S. growth remains the outlook as both the ISM manufacturing and non-manufacturing surveys signaled continued growth but not an acceleration.
Euro weak and dollar strong into NFP
EUR/USD: Price action strongly argues for extension towards the May low of 1.2796.All short-term “Ichimoku tools” are in bearish positions now and
Euro crisis escalation?
Possible government collapse in Portugal rattles markets A political crisis in a southern European country, anti-austerity protests, a surge in its government bond yields,
$ corrections, NOK/SEK lower
EUR/USD: The first attempt to pass the low end of the 55/233d ma bands area failed (as it often does).
Stronger dollar
EUR/USD: Look for downside extension homing in on the short-term key 1.2796 ref. Dynamic resistance keeps controlling events and
Weaker NOK & look for a correctional high in EUR/USD
EUR/USD: It’s likely a bearish “Flag” so look for a sell high in the nearterm range. The (blue) 8day “Conversion line” has bearishly crossed the (red) 21day “Base line”,
Focus Germany
Does Germany’s special situation pose a risk to the euro? The findings of the latest Pew Research Center survey paint an impressive picture of the economic divergences within the euro area.
Weaker €, NOK/SEK & OIL seen lower
EUR/USD: With a high of 1.3103 the market peaked in the outlined 1.3065 – 1.3151 sell area and is accordingly making way south.
CABLE lower, USDJPY higher, US 10y yield sliding
EUR/USD: Most factors speak in favour of the market shaving off a few shorts ahead of the weekend (volumes to the upside are considerably lower