Tag Archives: EUR/USD
Global Technical Watch – Quick Charts (Sep 12)
The USD continues to show steady signs of weakening as EUR/USD extended its rally beyond the 200-day average. The next major objective is near 1.3000. With European equities a few percent away from their 2012 peaks, this is likely catalysing further EUR short covering.
FX Daily Majors
Today’s highlights: – EURUSD: Reverting back to the breakout support zone of 1.2727. Some rebound potential from here for back to test trendline and 200- day average resistance at 1.2838/50.
FX Daily Strategist: Europe
– EUR rally to take breather ahead of key events on Wednesday and Thursday Asian shares are broadly lower up to 1% lower, the losses are spread across sectors, suggesting this may be broad riskreduction ahead of key events rather than any specific catalyst.
Technical Analysis
The nokkie got it on the chin yesterday and a 7.40-7.45 test looks possible before realigning price action with downtrend again… EURSEK on the other hand confirmed mid-body resistance yesterday and looks ready to test nearby supports at 8.43 & 8.40…
FX Market Technical Research
EUR/USD: Consolidating Friday’s Break Higher. Consolidation below layers of resistance including the 200-DMA, falling daily trend line off late Feb highs and Friday’s high continues with an inside day to start the week.
EUR/USD Analysis
Closed in NY at $1.2757 after correcting back from an afternoon high at $1.2803 to $1.2755. Rate dipped to retest $1.2755 before slowly edging higher, the rate meeting initial resistance at $1.2770.
Asia Today: Waiting for Wednesday; Currencies steady, stocks weak
The mild risk-off mood that permeated through markets yesterday extended into today’s Asian session. We had a number of data points, but none were first-tier and had little impact on the day’s activity.
FX Daily Strategist: Europe
– EURUSD hits 1.28 target. We lock in profit but maintain long EURJPY and EURCHF The combination of rising expectations for QE and the “europhoria” post-ECB pushed EURUSD above 1.2800. Given that we hit our target, we took profit on our long EURUSD recommendation and booked a 3.92% profit.
Technical Analysis
$ in general under pressure with $ index back at levels not seen since the spring. US bond yields basically unchanged (after a rather volatile session)sinc Friday, GOLD continues to climb and so does many commodities (CRB into a bear divergence now…!) and the YEN to strengthen (ag the greenback but also soon ag the […]
FX Market Technical Research
EUR/USD: Key Resistance Levels Just Above. The pair is consolidating below Friday’s highs, the 200-DMA and the falling daily trend line from late Mar highs after getting a little ahead of itself and closing above the 21 day upper Bollinger band ($1.2741) to end the week.
EUR/USD Analysis
Closed in NY Friday at $1.2816, off session highs of $1.2818, seen as the dollar was sold off across the board following the release of weaker than expected US NFP data and which is seen placing increased speculation the FOMC may introduce QE3 at their meeting this week (announcement Thursday).
Asia Today: Has China got anything left? Latest data uninspiring
China released the initial tranche of its August data at the weekend and the rather non-descript results led to a slightly weaker tone for the AUD at the start of trading today.