Tag Archives: EUR/USD
FX Ringside
Following last week’s decision by the Bank of Japan to expand its bond purchase program further than expected in a final bid to fight deflation, the yen has depreciated aggressively.
FX Daily Majors
Today’s highlights: – USDJPY is on the cusp of our 99.86/100.00 next target – the 50% retracement of the 2007/2011 bear market.
FX Daily
– Lower Chinese inflation eases tightening risk from PBoC. – Alcoa reports better-than-expected earnings on higher sales.
Daily FX Technical Strategy: A yen for yield
As JPY weakness becomes increasingly pronounced, investors are searching elsewhere for higher yield in currency space. A chart of an equally weighted basket of AUD, NZD, and
Daily Market Technicals
EUR/USD: Nears 38.2% At $1.3112 While Daily Studies Rise. The pair continues to track higher but last three sessions show significant upper shadows, cautioning bulls.
Technical Alert
EURUSD is testing a wider short-term resistance zone at 1.3050-1.3135, USD/JPY is rushed into key long-term refs at 99.73-101.45. Some kind of profit-taking ought to emerge in this area.
EUR/USD Analysis
Rate had failed to extend post NFP highs above $1.3040 in NY, the rate topping out out at $1.3039 before the pullback.
EUR/USD Technical Analysis
(1,3050) The EUR/DOLL confirmed a strong closing last night above 1,30 suggesting further s/t strength probably toward the 1,3150 area.
FX Daily Strategist: US
– USDJPY likely to break 99.00 while NZD and AUD to remain supported USDJPY’s upside momentum has remained strong at the beginning of the week and the upward trajectory appears set to continue.
FX Daily Majors
Today’s highlights: – USDJPY continues its dramatic surge higher and we stay bullish for 99.86/100 – 50% of the 2007/2011 bear market. An overshoot beyond here into the 101.27/103.10 zone now looks likely.
FX Daily Strategist: Europe
– USDJPY likely to break 99.00 Equity markets in Asia are for the most part in the red hurt by China’s announcement of property tightening measures and concerns over the new strain of bird flu.
Daily FX Technical Strategy: EUR/JPY benefits from a positioning squeeze
The US nonfarm payrolls report catalysed an extension of the bullish rates move (US 10y yields) that has been unfolding since mid-March.