Tag Archives: EUR/USD
EUR/USD Analysis
Closed in NY at $1.23668, after rate was pressed to extended lows of $1.2361. Rate came under renewed downside pressure in early trade, the rate easing to an extended low of $1.2358, as it took its early lead from the sell off in AUD (Tr.Sec.Martin comment on the Australian deficit), but demand placed ahead of […]
Daily FX Technical Strategy: EUR suffers from US antipathy
US investors returned from their long weekend and resumed trading as they had left off the week before: selling the euro and buying the dollar. Eurozone troubles remain a clear concern and with the euro sliding to a new 2012 low for the year today against the USD, CAD and TRY, near-term risks are for […]
Behavioral Finance: Daily Forex Outlook: Eurozone is not the only risk to the UK economy
EUR USD (1.2465) Spanish bond yields are again hovering near the seven percent levels which make it difficult for the government to plan any sustainable borrowing. The Spanish plan to recapitalise Bankia through an equity-bond swap also becomes more expensive and the idea has found little resonance with the ECB.
FX Market Technical Research
EUR/USD has continued to slide and has sold off to the 1.2457 March 2009 low. Despite the fact that the RSI has not confirmed the new low, despite the 13 TD combo count and the 5th of 5th wave count, the market continues to weigh on the downside.
Technical Analysis
The dollar and the yen continue to perform in tandem. The rest (EUR, GBP, Scandies, EMs & Com’s) are paying the price. EURUSD is testing a medium-term 1.2460/50 extension ref while GBPUSD is knocking on a key 1.5603 ref – under which the yearly low would become exposed…
EUR/USD Analysis
Closed in NY Tuesday at $1.2503, after seeing pressured lows in this session of $1.2461 after market reacted to a further downgrading of Spain by Egan Jones (or at least that was attributed as the trigger).
Asia today: AUD weakens after soft headline retail sales numbers
AUDUSD traded on the south side of 0.98 following a weak headline April Oz retail sales number that suggested the Ozzie consumer is becoming more cautious in light of the uncertain global situation.
Daily FX Technical Strategy: EUR crosses take the strain
Evidence for a short term risk respite continues to mount… outside the eurozone that is. A reversal day in the Shanghai Composite implies further near-term upside potential and this is reflected in the commodity currencies where momentum is calling for a corrective bounce. Spanish problems, though, continue to be a drag making euro cross trades […]
Behavioral Finance: Daily Forex Outlook: Euro buoyed by profit-taking
EUR USD (1.2535) Even as the IMF’s chief reiterated the significance of tax collection and tourist revenues for the Greek economy, it is any hint at the colour of the likely coalition after next month’s election that causes markets to pay attention.
FX Market Technical Research
EUR/USD saw a very tepid rebound on Monday. The new low of 1.2495 charted last week has not been confirmed by the daily RSI and this suggests caution here and some near term consolidation.
Technical Analysis
Europhobia prevails… EUR/USD Sellers responded again… EUR/JPY Soon at a fresh short-term low… EUR/GBP Sellers retain an upper hand… EUR/SEK Still respecting support… USD/SEK Bullish triangle (or flag)… EUR/NOK Support likely at range floor.
EUR/USD Analysis
Closed Monday’s North American session at $1.2542, off pullback lows of $1.2525, after rate had been pressed back from early European highs of $1.2625 as early risk on tone was reversed on widening Eurozone peripheral bond spreads.