Tag Archives: EUR/USD
Daily FX Technical Strategy – EUR squeeze is not yet a game changer
FX volumes picked up yesterday following the long weekend in the UK but remain at levels that suggest the summer doldrums will persist this week into the month end.
FX Daily Strategist: Europe
* EUR Short covering remains the big driver The big driver in FX continues to be short covering of EUR positions on anticipation of a strong ECB response to lower sovereign debt yields; yesterday’s news that ECB Draghi won’t be attending the Jackson Hole conference on account of a busy schedule play to this.
FX Daily Majors
Today’s highlights: * EURUSD: Rebound brings the market back up towards the 1.2593/8 resistance hurdle. Whilst below here the bias remains lower for 1.2431, then 1.2337
Technical Analysis
The euro got a boost and the krona gives back gains… EUR/USD High session close points up… EUR/SEK Downside potential questioned… GBP/USD Trendline support confirmed… USD/SEK Focus back at upside in wedge…
FX Market Technical Research
EUR/USD: Bulls Eye 100-Day Moving Average. The pair holds above the former 61.8% retracement level, which had capped at $1.2444, with this level now turning support.
EUR/USD Analysis
Closed in NY at $1.2564, following a lacklustre NY session which had seen rate consolidate mainly between $1.2555/70 (NY range $1.2536/77), after rate had recovered off earlier Asian lows of $1.2466.
Euro re-squeezed ahead of Friday’s main event
The positioning squeeze on stale short Euro and long Aussie trades continues as the markets mull how much QE3 is priced in and what Bernanke may or may not hint at this Friday.
FX Daily Strategist: Europe
* Weak China data set market tone, although light volumes keep price action limited The combination of a light data calendar and a UK holiday kept volumes light and FX markets directionless. However, the main focus for FX markets has been on China.
Technical Analysis
Aussie is down under, scandies fare better… EUR/USD Set to test mid-1.24 support… EUR/JPY Bullish flag or a top forming… AUD/USD Testing sort-term key support… EUR/SEK Gunning for the 8.2020 low…
FX Market Technical Research
EUR/USD: The pair holds above the former 61.8% retracement level, which had capped at $1.2444, with this level now turning support.
EUR/USD Analysis
Closed in NY at $1.2499 after pulling back from a session high of $1.25358 to $1.2496 in a very quiet London holiday market. Rate recovered to $1.2506 into early Asian trade before risk appetite began to fade.
Technical Analysis
Gold shines & AUD/USD erasing support… EUR/USD The “cloud” so far capping… AUD/USD Ended below 1.0410… EUR/SEK All correction targets met… USD/SEK Still hovering above support…