Tag Archives: EUR/USD
Behavioral Finance: Daily Forex Outlook: The highest hurdle for Fed QE3
EUR USD (1.2260) A collection of disappointing US data releases caused the dollar to weaken moderately yesterday. The headliner was the Philly Fed survey, which was not only belowconsensus, but also recorded its third consecutive negative reading.
Technical Analysis
EURUSD is still in its correctional drift higher, but it is likely to end soon with Spanish 10y yield (& spread to Germany) fast rising/widening… This is also good news for Bunds, soon breaking the recent 145.97 high…
FX Market Technical Research
EUR/USD: Recovery in Daily Studies. The EUR still sees a recovery in the daily stochastic study. However, bulls need to recover the 21-DMA of $1.2390 to re-establish themselves.
EUR/USD Analysis
Closed in NY at $1.2280, after rate had recovered off NY lows of $1.2229 to $1.2290, with rate opening Asia at recognizable levels seen over the last few days. Quiet opening start in Asia before rate was pressured to session lows of $1.2250.
Behavioral Finance: Daily Forex Outlook: ‘Fiscal cliff’ is Bernanke’s definition of deterioration
EUR USD (1.2290) The impact of the looming ‘fiscal cliff’ in the US has been a common theme of market discussions in recent weeks. That the expiration of the Bush-era would be a drag on an already weak economy is clear; many observers fear an outright recession.
Technical Analysis
Commodity FXers (AUD, NZD & CAD) are standout winners together with SEK and a little surprisingly also JPY… The latter has violated a 78.61 “B-wave low” which suggests extension to/below 77.65
FX Market Technical Research
EUR/USD: Recovery in Daily Studies. The pair holds atop the 5-day moving average at $1.2275, amid a recovery in the daily stochastic study.
EUR/USD Analysis
Closed in NY at $1.2280 after recovering from session lows of $1.2217 to session highs of $1.22878. The upside correction was seen driven on a mix of Asian sovereign, leveraged and macro demand, the latter two seen covering shorts/profit taking.
Behavioral Finance: Daily Forex Outlook: Bernanke has something for everybody
EUR USD (1.2280) Yesterday’s Bernanke testimony seemed to have been sufficiently general for all Fed-watchers to read what they wanted into it.
Technical Analysis
EUR/SEK likely headed into a fresh yearly low… EUR/USD Yet another buyers’ response… EUR/GBP Time ripe for a bounce higher… USD/CAD Extending the correction lower…
FX Market Technical Research
EUR/USD: Signs of Recovery in Daily Stochastic Study. The EUR recovers the 5-DMA, which turns initial support at $1.2260, amid some early signs of a potential recovery in the daily stochastic study.
EUR/USD Analysis
Closed in NY at $1.2290 after recovering from its Fed Bernanke react lows of $1.2189 seen as he failed to give any hints toward further stimulus, leaving market to wait for the next FOMC meeting Aug 1 and Bernanke’s Jackson Hole address for clues.