Tag Archives: EUR/USD
Daily FX Technical Strategy – Heavy volumes confirm investors are on the move
The blistering pace of change at the start of 2013 is not letting up. Volumes are high with the yen at the forefront, suggesting Japanese investors are no longer risk-averse and are searching for yield once more.
FX Daily Strategist: Europe
– EURUSD rally to extend further We view the past week as a potential a game-changer for the EUR. The shift in tone from the ECB was significant in both signalling that rate cuts are off the agenda for the moment and
Technical Alert
The market is basically still in the process of digesting the eruptions from Thursday. Short term we will probably be tracing out marginally fresh euro peaks but the short term reaction risk is high.
EUR/USD Technical Analysis
(1,3383) The EUR/DOLL is still well bid and already confirmed a 1,34 overshooting. Today’s session is starting with a small gap up after the strong closing on Friday above 1,3310!!
Daily Market Technicals
EUR/USD: Bulls Pushing Higher Sending Studies Soaring. The pair breaks and closes above the Dec 19 high at $1.3308, now initial supp, and send daily studies sharply higher.
EUR/USD Analysis
Closed in NY Friday at $1.3343, after rate had been pressured to a session high of $1.3366 on reaction to the wider than forecast US trade deficit.
Asia FX
The euro rose to its highest in almost 11 months Monday morning in Asia, with the absence of Japanese markets today allowing euro bulls to shine amid a continued improvement in sentiment toward the single currency.
FX Weekly Summary
Euro rose last week as expectation on ECB cut receded drastically following Draghi’s post meeting pressing conference.
FX Daily Strategist: US
– EURUSD rally can extend further; stay long EURCHF and long EURSEK We expect the EUR to remain supported following the shift in rhetoric during Thursday’s ECB press conference.
FX Daily Majors
Today’s highlights: – EURUSD: Expected recovery higher brings market back towards initial target resistance at 1.3300/09. We expect a breakout above here and extension higher to 1.3487/93.
Daily FX Technical Strategy – Risk-on and decompression
In the first full week of 2013 it is becoming clear that the collective investor mindset is changing. Volumes that we have seen in FX markets are at their highest for a year.
FX Technical Volume Strategy: Highest volume day of the past year
– Overall volumes were the highest level for the past twelve months. – JPY was squeezed off the top spot in terms of daily volume as activity in USD, EUR and AUD reached the highest for the past year.