Tag Archives: EUR/USD
Daily FX Technical Strategy: A shot across the bows
The move in Spanish yields yesterday was a shot across the bows for Risk. While the prospect of contagion within the eurozone has risen with 10y Italian yields gapping higher out of range, yields outside Spain have not yet reached levels where the rise becomes self sustaining.
Global Technical Watch – Quick Charts
Increased fears are well reflected in the VIX Index, which popped higher yesterday. In line with this, even some orderly downtrends, such as EUR/AUD, posted Bullish Reversal Days.
Technical Analysis
EUR/USD reversed losses incurred yesterday and managed to claw into a close at opening levels. It could be an intermediate “wave-5 low” but more bullish price action is needed to add credence to this…
FX Market Technical Research
EUR/USD: Holds Under 50% of Range. The EUR holds below 50% of it’s post-launch range, at $1.2135, which may now offer some resistance.
EUR/USD Analysis
Closed in NY at $1.2120 after rate had recovered off session lows of $1.2067 to $1.2145 on a mix of reported middle eastern demand and short covering.
Asia today: Flash China PMI improves; Risk rebound unconvincing
The major event for Asia today was the release of the China HSBC flash PMI reading for July. The PMI improved to 49.5 from 48.2, the first improvement seen in 3 months and the highest reading since February (49.6).
Behavioral Finance: Daily Forex Outlook: Euro: the illusion of resilience
EUR USD (1.2115) Although developments in the eurozone debt crisis had become increasingly worrying throughout last week, market commentators could not help but notice the euro’s resilience.
Technical Analysis
The euro remains out of fashion with fresh EURUSD & EURJPY just scored. Heavy looking EuroStoxx50 and soaring 10y SPA/GER (& ITA/GER) spread(s) is a burden to carry.
FX Market Technical Research
EUR/USD: Breaks Under 50% of Range. The EUR breaks below 50% of it’s post-launch range, at $1.2135, which may now offer some resistance, as 10-day momentum weakens.
EUR/USD Analysis
Closed in NY Friday at $1.2160, off lows of $1.2244 as the euro was squeezed lower on the back of euro negative news. Rate was marked lower into Asian trade Monday, tripping stops through $1.2140 to $1.2115, as weekend press continued Friday’s euro negative theme, with concerns about Greece coming back to the fore as […]
Asia today: Greece is (again) the word; Spain a very close second
There were further damaging press headlines for the Eurozone over the weekend so the EUR started this week off on an even weaker note.
Daily FX Technical Strategy: Pushing the boundaries
As we move deeper into the summer holiday doldrums, the major FX markets are drifting within clearly defined ranges. However, things are slowly coming to a head.