Tag Archives: EUR/USD
EUR/USD Analysis
Closed in NY at $1.25439, off pressured lows of $1.2532. Risk suffered through the European-NY session as market was made aware of the later action by Moody’s to downgrade 15 major financial institutions, position adjustment ahead of initial Spain bank audit results (full audit results only due in Sep) and Goldman Sachs putting out a […]
Behavioral Finance: Daily Forex Outlook: Is the Fed vying for unorthodox measures?
EUR USD (1.2675) Irrespective of the ultimate impact of the measure, it was crucial for the Fed to extend Operation Twist to enjoy the continued confidence of the markets.
Technical Analysis
Commodities falling sharply, OIL falling through its trapdoor (ending the week here and we will be looking for the mid 70’s). Accordingly commodity ccy’s should suffer so watch out for AUD selling (not to mention russian equities, that’s a head and shoulders top!).
EUR/USD Analysis
Closed in NY at $1.2704 having experienced a volatile reaction to the FOMC extending Operation Twist into year end, initially dropping to session lows of $1.2638 before bouncing sharply back to highs of $1.2744 as details of the release were analysed.
Behavioral Finance: Daily Forex Outlook: Reversal of transfers sought in the eurozone
EUR USD (1.2675) Reports suggesting that the Italian PM has floated the idea of using the EFSF to purchase the peripheral bonds were followed quickly by those suggesting Germany’s non-committal approach to the idea.
Technical Analysis
Mr. Riskoff stands in the wings – with QE hopes lingering… EUR/USD Bearish candle neutralized… AUD/USD Momentous correction… EUR/SEK Same old range… USD/SEK Was refused a lift… EUR/NOK Could possibly stretch for ~7.57… USD/NOK Still on top of support… USD/JPY 79.15 a must watch.
FX Market Technical Research
EUR/USD: Daily Studies Stalling The euro sees the recent positive daily studies stalling ahead of overbought territory as the market fails to extend the $1.2748. Bulls remain focused on extending that high past the $1.2786 Fibonacci level, while bears want to turn attention back to the $1.2533 21-day moving average. Initial support comes from the […]
EUR/USD Analysis
Closed in NY at $1.2685 after rate’s late rally had extended to a high of $1.2730 as market reacted to a press report suggesting that Germany had agreed to the Eurozone bailout fund buying debt.
FX Market Summary
The euro rebounded as an ongoing summit of world leaders drove rising expectations of more coordinated efforts to provide support for Europe’s ailing economies.
Will Bernanke deliver on this market’s expectations?
This market is ready to twist in shout ahead of tomorrow’s FOMC meeting and anticipation of the extension of the Fed’s easing. Tomorrow may set the tone for some time to come.
Technical Analysis (Short Cycle Report): Hope is fading fast
Yet another reversal day on supposed “good news” is more technical analysis evidence that hope is fading and the “risk off” wave is about to accelerate. Bearish engulfing / outside days in EUR-USD, Euro Stoxx and the 10-year Bund yield suggest imminent moves down. Gold is at an important pivot point.
Technical Analysis
Key-day reversals were yesterday printed in many major markets, indicating that the post Greek election fast faded. EURUSD & Co. ought to build up renewed downside (USD bullish) momentum, perhaps with the aussie being a tad more resilient as it looks like AUDUSD must test 1.0170\1.0250 before turning south again.