Tag Archives: EUR/USD
FX Daily Majors
Today’s highlights: EURUSD: Advance now approaching important resistance hurdles at 1.2803/12/44. We expect the latter 1.2844 to cap, with a reversal lower most likely to then target 1.2502.
Daily Market Technicals
EUR/USD: Outlook Remains Bearish Whilst Below 200-DMA. Outlook remains bearish whilst below the 200-day moving average, which is today valued at $1.2810.
Global Technical Watch – JPY weakness dominates activity
JPY weakness continues to dominate trading into the end of the week. Important levels are being tested and we are monitoring the weekly cloud top in USD/JPY at 80.82, as a close above here would signal further material weakness for JPY in the weeks ahead.
Technical Analysis
EURUSD was allowed to sneak a bit higher, but is for now stuck at resistance around 1.28, but over it would also allow for 1.2840 – 1.2773\95 before down…
EUR/USD Analysis
Closed in NY Thursday at $1.2780, the rate recovered off pullback lows of $1.2760 after earlier flushing stops to print highs of $1.2802. Euro-dollar had a lacklustre Asian session with trade confined to a tight $1.2764-85 range.
FX Daily Strategist: US
– Japanese politics may keep USDJPY elevated, for now Comments on Thursday by Shinzo Abe, the leader of the opposition LDP party in Japan, is likely to cause investors to remain short JPY positions ahead of the lower house election on December 16.
FX Daily Majors
Today’s highlights: – EURUSD: Trendline break exposes 1.2791 resistance. Scope for a brief prod above here to the 38.2% Fibonacci retracement hurdle of 1.2844, which should then cap.
FX Daily Strategist: Europe
– Japanese politics may continue to push USDJPY higher, but only for now Comments by Shinzo Abe, the leader of the opposition LDP party in Japan, is likely to cause investors to remain short JPY positions ahead of the lower house election on December 16.
Technical Analysis
Yen is notably weaker at the same time as S&P500 is accelerating lower, so little bit of a mixed picture there it seems… EURUSD is doing less, but could still extend the ongoing near-term correction somewhat higher (to test the 1.28-handle)…
Global Technical Watch – Risk relapse and profit taking
Risk assets came under pressure yesterday. US equities broke down through recent range lows and hard assets such as copper and aluminium posted bearish days, with the “shooting star” in aluminium suggesting a top.
EUR/USD Analysis
Closed in NY Wednesday at $1.2735, the rate having slipped off post FOMC spike highs of $1.2780 after headlines in the statement said a number of committee members favoured more quantitative easing after the end of Operation Twist.
Daily Market Technicals
EUR/USD: Bulls Break Above 38.2% Resistance. The pair broke above the 38.2% retracement of the Jul/Sep rally at $1.2741, however selling pressure forced the pair back below.