Tag Archives: EUR/USD
Asia today: Asia stays calm after the post-Bernanke volatility
There was relative calm in the currency markets during the Asian session following the volatile gyrations seen overnight post-Bernanke.
Behavioral Finance: Daily Forex Outlook: Burden shared between the present and the future
EUR USD (1.2290) The USD-index is pursuing its retreat from last week’s year-high. The correction resumed yesterday after the publication of disappointing US retail sales data.
Technical Analysis
No big changes from yesterday… USD sellers respond to intraday rallies so the correctional theme may linger for some time yet… Best using this opportunity seems to be the pound and the aussie which holds tests of 1.5723 & 1.0330 (1.0475) possible…
EUR/USD Analysis
Closed in NY at $1.2270 after recovering from a session low of $1.2175, the move up boosted by the release of weak US retail sales, to highs of $1.2290.
Behavioral Finance: Daily Forex Outlook: BoE unblocks the credit plumbing
EUR USD (1.2240) On Friday, the USD-index retreated smartly from the year-high achieved one day earlier. Indeed, in the space of just one hour it covered the entire ground from the day’s high to the day’s low – and this without any obvious catalyst.
Technical Analysis
Risk is a tad less off which holds corrections likely… EUR/USD Setup for modest correction… GBP/USD Challenging resistance above… USD/JPY SETUP FOR A 78.60/55 TEST… EUR/SEK Correction towards 8.66\71?…
FX Market Technical Research
EUR/USD: Recovers 5-DMA, But Studies Remain Weak. The EUR recovers the 5-day moving average, which turns initial support at $1.2230, but studies remain weak and bulls need to recover the 21-DMA to re-establish themselves.
EUR/USD Analysis
Closed in NY Friday at $1.2245, having seen a late rally that had taken the rate from lows of $1.2162 to session highs of $1.2257. Rate extended this recovery into early Asian trade, moving up to $1.2274 in an orderly move with Asian traders suggesting stops above $1.2285 were the early interest.
Asia today: Bernanke QE hopes lift risk appetite (for now)
A Tokyo holiday ensured a quiet Asian session with risk currencies locked at slightly higher levels after the strong rebound seen towards the close on Friday.
Euro posts new lows, but no conviction
Developments were rather few and far between today after another dubious set of data were released from China. Euro touched a new local low vs. the USD, JPY and GBP but there was no conviction in the move.
Technical Analysis
USD/JPY to catch up with falling US bond yield… EUR/USD Losing momentum… USD/JPY Time to catch up with bonds… GBP/USD It was a bear fla… EUR/SEK Mid body test accomplished… USD/SEK Still in the doldrums… EUR/NOK Trying it below the line… NOK/SEK Bigger bounce than thought.
FX Market Technical Research
EUR/USD: Studies Remain Weak. The EUR is still under pressure amid weak daily studies and trade remains within the falling Bollinger band of $1.2145, allowing more room for bears to extend the $1.2168 low.