Tag Archives: EUR/USD

Sell GBP and CAD. USD/NOK bull flag ready to go

EUR/USD: So far the market is following the textbook step by step.False range breaks (last week ended with an up thrust peakabove 1.3569) have a strong tendency of

FX Daily

Market movers today * President Barack Obama has scheduled meetings with House Republicans in a first sign of easing the logjam.

EUR/USD Analysis

It’s been a fairly languid session for the euro, with the currency takings its cue from the whims of the broader US dollar trend.

Daily Market Technicals

EUR/USD descends through the 23.6% at $1.3518 to test the 21-DMA as support – now initial support at $1.3493.

EURUSD – < 1.35 channel support is critical 1.3462/48 zone

The a-b-c correction we have been outlining continues to unfold lower as negative technical developmentsbuild. The trend line from early September is broken (and has already been tested),

FX Market Drivers open recommendations

The US: Due to the shutdown of government, many economic indicators are not released. It isexpected that the economic indicators will be released two days after the shutdown ofgovernment ends.

FX Daily Majors

Today’s highlights: * USDJPY focus remains firmly on the 200-day average at 96.78 where we look for an attempt to rebound.

Yellen nomination and FOMC minutes provide some distraction from fiscal drama The financial press overnight announced that President Obama will today nominate Vice Chairman Yellen to replace Bernanke in the New Year.

The Global Macro Pulse

Overnight Price Action The S&P fell 1.2% in New York, but the combination of news that the White House is considering a temporary increase in the

JPY, CAD, SEK & EM (ZAR & TRY weakness)

EUR/USD: There is a near-term tilt to the downside which would grow in strength on a move below 1.3538. But so far sellers lack the impetus to exit lower in line with the most recent benchmark candle.

FX Daily

Market movers today * In the US an agreement on increasing the debt ceiling does not appear to be imminent.

Daily Market Technicals

EUR/USD pushed up to test just above $1.3600 yesterday and today also; this left a long upper shadow yesterday and may do today as well.