Tag Archives: EUR/USD
Behavioral Finance: Daily Forex Outlook: Market resigned to summit disappointment
EUR USD (1.2540) Cyprus has officially become the fifth country in the eurozone to ask for a bailout and investors are again demanding higher risk premiums for investing in Spanish bonds.
Daily FX Technical Strategy: Yen benefits from equity woe
Global equity markets are coming under selling pressure once more and as the outlook for risk deteriorates investors are becoming more defensive.
Technical Analysis
Buy dollars, yen and nok/sek. Sell equities… EUR/USD Eyeing next the 1.2435 supp… USD/JPY Bearish key day reversal… AUD/JPY Rejection from ma bands… EUR/SEK Higher but still within range…
EUR/USD Analysis
Closed in NY at $1.2504, bouncing from $1.2470 after the London fixings. The expected downgrade of 28 Spanish banks by rating agency Moody’s shortly after the NY close had little reaction as traders adjusted positions and stop buys developed ahead of Asia.
Behavioral Finance: Daily Forex Outlook: The euro is poised for further policy inertia
EUR USD (1.2540) A €130 billion growth pact, worth one per cent of eurozone GDP, was the highlight of the Rome summit. Germany and other creditor nations, however, continue to oppose sovereign bond buying by the pan-European rescue vehicles and German officials are even massaging downwards expectations for the end-of-the-month EU summit.
Technical Analysis
Dollar back in the driver’s seat. Commodity slump… EUR/USD Bear flag exit… AUD/USD More evidence of a peak… EUR/SEK Spiked below the Jan line… USD/SEK Returning bull… EUR/NOK So far responding to support… EUR/HUF Topside focus.
FX Market Technical Research
EUR/USD: Finds Support at 21-DMA. The euro sees a bear-cross in the daily stochastic study as the market slides to find support at the 21-day moving average of $1.2522, which meets a 50% retracement of the June rally at $1.2518.
EUR/USD Analysis
Closed in NY Friday at $1.2565 after pulling back from a session high of $1.2583 before recovering into the close from $1.2522. Rate came under pressure into Asian dealing, some linking this to the Troika delaying its visit to Athens, Greek PM Samaras not attending the EU Summit as well as an article in the […]
Behavioral Finance: Daily Forex Outlook: A different kind of euro sell-off
EUR USD (1.2555) The general grumble among investors yesterday was that the scale of global economic deterioration was continuing to outpace that of the policy responses.
Technical Analysis (Short Cycle Report): Gold rolling over
Gold is in the early stages of its next big wave down. As long as USD1,641 continues to hold as resistance the probabilities that the crucial USD1,522 support is broken remain high. Cable looks particularly vulnerable to losses, stock markets are cycling lower and the 10-year Bund yield is at a strong resistance zone.
FX Market Technical Research
EUR/USD: Finds Support at 21-DMA. The euro sees a bear-cross in the daily stochastic study as the market slides to find support at the 21-day moving average of $1.2522, which meets a 50% retracement of the June rally at $1.2518.
Technical Analysis
Mr. Riskoff takes center stage – scandies resilient… EUR/USD Correction higher likely ended… USD/JPY Momentous upside attempt… EUR/SEK Krona likes Mr. Riskoff it seems… EUR/NOK Extending losses… USD/PLN Gunning for a +3.4945 break.