Tag Archives: EUR/USD
EUR/USD Analysis
Closed in NY at $1.2452, the rate recovering off a late pullback low of $1.2425 in line with US equities. A continuation of this recovery faltered as Moody’s announced a downgrading of Austrian banks, then six German banks. on both announcements rate dipped to $1.2440, meeting decent demand interest at this level before pushing higher.
Technical Analysis
The euro is given at least a breather… EUR/USD Coming out of the stretch… EUR/GBP Probing short-term resistance… EUR/JPY Attempting to clear the stretch… EUR/SEK Bearish engulfing candle added… USD/SEK Re-checking support area… EUR/NOK There is no easy way out of here… NOK/SEK At lower end of support zone.
EUR/USD Analysis
Closed in NY at $1.2496, after NY extended the rate’s recovery to $1.2510. Rate initially marked overnight session lows at $1.2491 before fresh demand emerged which triggered stops above $1.2510, the added momentum taking the rate to an early high of $1.25275.
Technical Analysis
USD & JPY strength on hold, gold surge, oil not…. EUR/USD Corrective forces at play… EUR/JPY Enough selling for now?… EUR/SEK Up from the base formation… USD/SEK Pause not turnaround… EUR/NOK Full speed ahead!… NOK/SEK Completed correction?… USD/CAD Higher but not without a stretch.
EUR/USD Analysis
Closed in NY at $1.2435, after rate had spiked back from post US NFP initial react lows of $1.2288 to $1.2459. Rate dipped back to a registered Asian open of $1.2405 before quickly closing the gap as early market reacted to press reports suggesting Germany was softening its opposition toward European bonds/banking union (though this […]
Asia today: A confused Asia holds the EUR at higher levels
After Friday’s EURUSD rebound, Asia kicked off the week with an uncertain, directionless session for both risk and the single currency. EURUSD initially pushed higher following a weekend WSJ headline that Germany would eventually be willing to give some ground on the latest crisis plan with the pair pushing up to just above 1.2440.
Technical Analysis
Dollar & JPY in the driver’s seat, record low yield… EUR/USD Sellers taking a breather?… EUR/JPY Key support violated… EUR/SEK Still indecisive… USD/SEK Next target within reach… EUR/NOK Key day reversal!… NOK/SEK A 2nd leg lower…GBP/USD Extending the slump.
EUR/USD Analysis
Closed in NY at $1.2365, after a dollar demand end month fixing had taken rate to extended lows of $1.2336. Rate came under pressure into early Asian dealing, the release of weaker than forecast China PMI data giving it the nudge to take it to overnight lows of $1.2324.
Asia today: Manufacturing PMIs echo weak sentiment elsewhere
Asian PMI data for May echoed the weakness seen elsewhere and led to another (brief) risk-off push during the Asian morning. China’s official manufacturing PMI data caught some by surprise (only because it was released 30 seconds early!) but the trend direction was no real surprise. Falling to 50.4 from 53.3, the drop was greater […]
Behavioral Finance: Daily Forex Outlook: Austerity still has precedence
EUR USD (1.2375) High Spanish borrowing costs, diving stock markets and concerns about the banking industry again saw investors buying safe-haven assets yesterday. Perhaps that’s why EC’s proposal of a joint bank deposit guarantee scheme, a eurozone wide financial supervision body, and a direct recapitalisation of the banks by the ESM, resonated in the markets.
FX Market Technical Research
EUR/USD has now dropped right through the 1.2457 March 2009 low and is on is way to the 1.2329/06 support zone. This consists of the 2008 trough and the 2001-12 uptrend line. Medium term the 200 month moving average at 1.2066 and the psychological 1.2000 mark remain in sight.
Technical Analysis
Broadbased (not only Eur weakness) dollar and jpy buying seen yesterday. Bond yields dropping to record lows, slumping commodities and weak equities. EURUSD now knockin on the door to a broad based support area (2005-2010 lows), EURJPY to challenge its yearly low, 97.04,