Tag Archives: EUR/USD
FX Market Technical Research
EUR/USD: Slips Under 5 & 21-DMAs. The EURO sees mixed daily studies with the stochastic recovering in neutral territory but 10-day momentum fading at the zero line as the market slips under the 5 & 21-DMAs, which now offer initial resistance at $1.2561/81.
EUR/USD Analysis
Rate opened in Asia around $1.2526, easing off a late Wednesday recovery high of $1.2545 after posting session lows of $1.2508. Early CTA name sales squeezed rate to extended lows of $1.2518 before EUR/JPY demand into the Tokyo open countered and edged the rate to $1.2533.
Behavioral Finance: Daily Forex Outlook: IMF unlikely to steer a change of policy
EUR USD (1.2585) Against the backdrop of manufacturing contraction in 21 out of 29 global PMI’s, the IMF’s Lagarde yesterday highlighted the dangers of growth-threatening fiscal and monetary policy.
Daily FX Technical Strategy: EUR/NZD all-time low in sight
With the USD Index locked in a ranging pattern, we expect trading to be subdued today by the US Independence Day holiday. Bigger picture we are USD bullish but this week listless sideways drift is the likely outcome ahead of the release of US NFP on Friday.
Technical Analysis
Mid body testing into its third session… EUR/USD Still mid body testing… EUR/GBP Bear triangle?… EUR/JPY So far bids at mid body… EUR/SEK In the key support zone… USD/SEK Still in a narrow range… EUR/NOK Mid body bounce.
FX Market Technical Research
EUR/USD: Support at 5 & 21-DMAs. The EUR sees mixed daily studies with the stochastic recovering in neutral territory but 10-day momentum fading at the zero line.
EUR/USD Analysis
Closed in NY at $1.2605 and marked session highs at $1.26083 before easing below $1.2600 on light trade, with traders noting that main weight came from Tokyo sales of EUR/JPY suggested in turn to be linked to bund redemptions of around E27bln.
Another day of waiting for trend confirmation
Another day of indecision today as the market nervously mulls the upcoming ECB meeting and whether the reacting to the latest news is an exercise in futility.
Behavioral Finance: Daily Forex Outlook: ISM alone may not persuade Fed to ease
EUR USD (1.2605) Yesterday saw Finland and the Netherlands voicing reluctance to idea of allowing the ESM to buy the debt of peripheral states in the secondary market.
Daily FX Technical Strategy: SEK on the launchpad
In the run up to the Independence Day holiday in the US, FX trading is likely to become increasingly choppy and listless. One bright spot though could be the Swedish Krona, which is on the cusp of delivering a series of major bullish signals.
Technical Analysis
Mid body reactions, EUR/SEK 8.6990 a must watch… EUR/USD Mid body test… USD/JPY Still struggling with the line… EUR/SEK On the verge of breaking… USD/SEK Waiting for signs of buying… EUR/NOK Very strong rejection… NOK/SEK Last line of defense.
FX Market Technical Research
EUR/USD: The euro sees mixed daily studies with the stochastic recovering in neutral territory but 10-day momentum fading at the zero line.