Tag Archives: EUR/USD
Technical Analysis
Commodity FXers, scandies & dollar favored… EUR/USD One down (Fed) two more to go… EUR/GBP Move higher corrective – so far… USD/JPY Small bullish step taken… EUR/SEK Lowering target to mid-8.2s… EUR/NOK Grinding into the recent lows.
FX Market Technical Research
EUR/USD: Recovers 21-Day Moving Average. The bulls-crossed 21 and 5-DMAs provide initial support/resistance at $1.2248/75 as the daily stochastic study continues to recover.
EUR/USD Analysis
Closed in NY at $1.2230, off post FOMC inspired lows of $1.2218 after the Fed disappointed markets with no new measures announced. Rate extended its recovery into early Asia to $1.2245 as early traders reacted to a report in Sueddeutsche Zeitung suggesting the ECB today will unveil a two pronged plan to support the euro.
Technical Analysis
Waiting for the Fed today and ECB (& BOE) tomorrow… EUR/USD Into a final correctional high… EUR/JPY Lagging EUR/USD… EUR/GBP Could also stretch for ~0.7910… EUR/SEK Rechecking resistance… EUR/NOK Sits below mid-body resistance… EUR/HUF U-turned at trendline support.
FX Market Technical Research
EUR/USD: Recovers 21-Day Moving Average. The euro recovers the 21-day moving average of $1.2264, which turns support and makes a bull-cross with the 5-DMA at $1.2290 as the daily stochastic study continues to recover.
EUR/USD Analysis
Closed in NY at $1.2303 after rate had recovered from lows of $1.2270 to $1.2330 in this session (Europe morning low $1.2249). Rate marked highs into Asia at $1.2305 before continuing to slip lower, meeting initial support into $1.2290.
Behavioral Finance: Daily Forex Outlook: Time for a completely new ECB measure?
EUR USD (1.2285) Given the seniority of the individuals involved in yesterday’s various meetings – Draghi, Schaeuble, Geithner – news about the outcomes was surprisingly thin.
Technical Analysis
Commodity FXers & scandies live lives to the edge… EUR/USD Mid-body support confirmed… EUR/SEK Offered into that stretch again… AUD/USD Headed for ~1.07 it seems… EUR/NOK Earlier upmove likely a fluke… NOK/SEK +1.1270 recoil within downtrend.
FX Market Technical Research
EUR/USD: Recovery Tests 21-Day Moving Average. COMMENTARY: The euro holds above the 5-day moving average at $1.2255, testing the 21-DMA at $1.2280 as the daily stochastic study recovers.
EUR/USD Analysis
Closed in NY at $1.2260, after recovering off a session low of $1.2225 to $1.2264 before settling between $1.2250/60 through the NY afternoon.
Asia today: The calm before the storm? Fed might start first wave
A relatively steady, tight-ranged overnight session led to a steady, tight-ranged Asian session for the EUR today.
A busy week ahead – too much QE priced in?
The FOMC is up Wednesday – more ambiguous rhetoric or is this a set-up meeting for a September QE3 move? And the ECB will need to see Draghi following up on last week’s rhetoric or else…