Tag Archives: EUR/USD
Asia Today: Was that it? A 12-hour EURUSD retracement?
After a relatively calm overnight session due to the US holiday, Asia opened today’s session with a slew of Japanese data. Japan’s unemployment rate nudged up to 4.6 percent from 4.5 percent previously (and expected) in April and was the first increase in 3 months but there was some welcome news as the job-to-applicant ratio […]
Daily FX Technical Strategy: Fear fatigue
Memorial Day in the US should keep trading subdued across markets today, but against this backdrop the outlook for commodity related currencies appears to be improving. USD/BRL, which was at the forefront of the recent risk rout, encountered profit taking last week; the AUD has also bounced and against the EUR appears poised to rally […]
FX Market Technical Research
EUR/USD sold off all week and closed below the 1.2530 Fibonacci retracement (just). The new low has not been confirmed by the daily RSI however and this suggests caution here and some near term consolidation.
EUR/USD Analysis
Rate closed in NY Friday at $1.2516, having seen lows in this session of $1.2495 before bouncing back after taking out option barrier interest at $1.2500. Rate opened in Asia at $1.2544, leaving a decent gap as it was marked higher following weekend press reports showing Greek pro-bailout party ND overtaking SYRIZA.
Technical Analysis
€ reaction underway? AUD rebounds. NOK/SEK bids?… EUR/USD Fibo cluster still supportive… EUR/AUD Time to resell the cross!?… EUR/JPY Possible bull divergence… EUR/SEK Key support to be tested… USD/SEK Most likely a bull triangle… EUR/NOK Back at the floor… NOK/SEK Ending downside correction.
Behavioral Finance: Daily Forex Outlook : Swiss intervention is a viscous circle
EUR USD (1.2525) A mid-session upward spike in the EUR/CHF rate yesterday brought traders quickly to the conclusion that the SNB was reasserting its determination to cap the strength of its domestic currency.
Daily FX Technical Strategy: CHF bursts into life
The long weekend in the US could keep trading subdued today, however that doesn’t make it devoid of interest. EUR/CHF has been one of the quietest markets this year but yesterday burst into life with volumes spiking as price spiked higher.
FX Market Technical Research
EUR/USD has charted a minor new low for the year, this has not been confirmed by the daily RSI and the market has not closed below the 1.2530 78.6% retracement of the move from 2010 to 2011, this suggests caution here.
EUR/USD Analysis
Closed in NY at $1.2532 following a recovery off $1.25205. Rate had seen lows of $1.25153 earlier in the day, with a recovery seen to $1.26205. A US bank was an aggressive buyer in early Asian trade, taking the rate to a ‘dubious’ high of $1.2555 in its effort to trigger stops.
Technical Analysis
Continued $ demand, SEK sellers?… EUR/USD Low end of support cluster… GBP/USD Important supports coming up… EUR/SEK Strong support beneath… USD/SEK Bullish congestion… EUR/NOK Up from low end of the range.
Behavioral Finance: Daily Forex Outlook: Opinions on eurobonds need to be known
EUR USD (1.2575) The euro was roiled yesterday on unconfirmed reports that eurozone governments are preparing contingency plans for an exit of a country from the bloc. It would be puzzling if officials thought it necessary to make it explicit given the obvious risks.
Daily FX Technical Strategy: Increasing despondency
As the eurozone problems rumble on, investor despondency appears to be growing. Yesterday, EUR/USD fell to a new 2012 low; further weakness beyond 1.25 over the rest of May would pave the way for a run at 1.19 later in the year. This is having an extreme impact on commodity prices with the broad based […]