Tag Archives: EUR/USD
Asia today: Currencies range at lower levels after German news
Currencies were steady at lower levels in the Asian session Wednesday, though a slight uptick in risk appetite was felt towards lunchtime. In EURUSD, the early attempt at a rally was rebuffed at the 1.2330 level in the US session after the German Constitutional Court delayed its decision on whether ratification of the new ESM […]
Waiting for German Constitutional court and the FOMC minutes
No fireworks again today as the market eyed whether the German constitutional court would thrown the entire ESM ratification process into chaos. US FOMC minutes are up tomorrow.
Daily FX Technical Strategy: Euro drifts closer to another major cliff edge
Over the past 24 hours the markets have taken a breather. The absence of any reversal signals during that time points to a period of consolidation leaving the main themes unchanged.
Behavioral Finance: Daily Forex Outlook: The dollar is weighing in on the euro
EUR USD (1.2285) The euro’s current weak position seems to be largely attributed to the disappointment from the EU summit and higher Spanish yields.
Technical Analysis
Yesterday basically became a day of consolidation so really no changes to our expressed views only a one day delay. EURUSD minor bear flag created look for a downside break of 1.2272 to trigger, AUDUSD mid body test, 1.0145, coming up,
FX Market Technical Research
EUR/USD: Still Testing Bollinger Band. EURO is still testing the base of the daily Bollinger band, which is now at $1.2280, suggesting the market has declined too fast in the spike lower to $1.2235 seen early Monday.
EUR/USD Analysis
Closed in NY at $1.2318, off recovery highs at $1.23248 after rate had seen lows earlier in the day of $1.2225. Early demand into Asia saw a US bank target stops above $1.2325 but efforts were thwarted as rate topped out at $1.2322.
Market calms after Friday histrionics. More volatility to come
After Friday’s fireworks, things got pretty quiet today, but there is plenty to ponder in the pipeline of event risks this week as we may have just seen the beginning of a bigger move.
Behavioral Finance: Daily Forex Outlook: Grim resignation over US jobs
EUR USD (1.2290) Although it is common to talk about investor disappointment with the US payroll data, the latest figure was the closest to the consensus forecast so far this year.
FX Trends Daily(FOCUS: EUR/USD)
Last week, the EUR/USD went back to the decline and broke a support at 1.2289 (May 2012 low pivot). This signals an extension of the downtrend towards 1.2134 (longterm retracement).
Technical Analysis
EUR weakness continues and EUR/USD posted the biggest weekly loser since Sept 2011, falling straight through its correction range, Spanish 10y Bono shortly violated its 7.02% key support = confirmation of new trend highs,
FX Market Technical Research
EUR/USD: Slips Out of Bollinger Band. The EURO pushes outside of the daily Bollinger band, which is now at $1.2305, suggesting the market has declined too fast in the spike lower to $1.2235.