Tag Archives: EUR/USD
Technical Analysis
EUR/SEK, EUR/NOK & EUR/AUD corrections could be expanded… EUR/USD More sideways “action”… EUR/SEK Correctional forces at play… EUR/AUD Correcting towards ~1.1800\50… EUR/NOK Testing resistance at 7.34\35…
FX Market Technical Research
EUR/USD: Focus on Fibonacci Level, 21-DMA. The daily stochastic study forms a bear-cross, while 10-day momentum is flirting with the zero line, keeping bear’s attention on the 21-DMA, which rises to $1.2274.
EUR/USD Analysis
Closed in NY at $1.2332 after settling back following its rally extension to $1.2374. Rate crept up to $1.2337 in early Asia before Tokyo sales of EUR/JPY squeezed rate down to $1.2325, retesting the NY lows at this level which cushioned the move.
Strong AUD – when is enough simply enough?
The Aussie weakened rather sharply today without much in the way of catalysts, a move that has me sitting up and taking notice. But we’ll need to sell a generalized reduction in risk appetite to see a more durable sell-off.
FX Daily Majors
Today’s highlights: * EURUSD: Correction holds above key 1.2200/09 support zone keeping short-term upward trend intact for now. We remain positive over the short term for 1.2598.
Dbdaily: European Edition
HEADLINES… * Markets: Equities little changed in Europe/US, bond yields decline in US/DEU, rise in ESP/ITA, not too much change in FX. Modest risk-off tone early Monday.
FX Daily Strategist: Europe
* Politicians could slow pace of EUR recovery Multi month we like EUR lower on the crosses too (EURAUD,EURGBP, EURJPY) given declining yield advantage but believe that on a 4-6 week view, the EUR could be prone to upside risks.
Technical Analysis
More €uro weakness, JPY strength lurking… EUR/USD Mid body support still valid… USD/JPY Getting ready to decline… EUR/SEK More support coming up… NOK/SEK Time to look for fresh bids… EUR/NOK About to end the congestion.
FX Market Technical Research
EUR/USD: Tests 21-Day Moving Average. The pair tested Fibonacci level at $1.2445 before pulling back. The daily stochastic study now threatens turning lower from close to overbought territory, while 10-day momentum is flirting with the zero line.
EUR/USD Analysis
Closed in NY Friday at $1.2289 after seeing a late corrective spike that took rate from $1.2242 to $1.2317. Rate opened into early Asia around $1.2283 and continued to drift to a low of $1.22615 before meeting strong US name buying which bounced rate back to $1.2290 with momentum taking it on to $1.2301.
Asia today: Japan reports marginal Q2 growth; No China rate cut
Weak risk appetite on Friday in the aftermath of China’s softer trade data led to the usual rumours/chatter of a weekend China rate cut late in the session. They came to nothing, so Asia kicked off the session with another weakish start.
FX Daily Majors
Today’s highlights: * EURUSD: Break through 1.2326/37 support zone allows for a deeper set back within the current corrective uptrend, but we look for this to gain traction at 1.2209/00.