Tag Archives: EUR/AUD
FX Daily Crosses
Today’s highlights: – EURGBP: Aggressive rally brings the market back up to .8228 resistance. We expect an extension above here to challenge .8263 38.2% Fibonacci retracement.
FX Daily Crosses
Today’s highlights: – EURGBP: Pausing at .8165 resistance, but broader bias remains higher for .8228 and then .8263 whilst above the .8075/85 support zone.
FX Trends daily (FOCUS: EUR/AUD)
EUR/AUD The EUR/AUD cleared a short term resistance at 1,2545 (Dec 3 high pivot) which signals an extension of the recovery in the short term toward 1,2675 (short term retracement),
JPY weakens apace on politics. Weak US data ahead of FOMC minutes
The political situation in Japan squeezes fresh longs and has bears desperate to put back on their JPY shorts – but we could get lots more two-way volatility if risk appetite stays in the dumps here.
Technical Analysis
Bit of a split risk universe with commodities and equities weak whereas commodity currencies such as AUD stronger, JPY weaker and the greenback doing nothing in index terms.
Global Technical Watch – NZD standout
On the Barclays TRENDS Heatmap, the NZD has consistently been one of the more bullish FX candidates. On the charts, we are impressed by NZD/USD holding above 0.8190 support and consolidating in a manner that is ultimately bullish.
Technical Analysis
USD and JPY recovering further with more signs of strength in the pipe. EURUSD Friday’s rejected attempt higher indicates that we soon will see an attack at the low end of the 233d ma band, a level that EURJPY managed to end below on Friday (hence remaining a preferred selling canditate)
FX Daily Strategist: Europe
– EURUSD hits 1.28 target. We lock in profit but maintain long EURJPY and EURCHF The combination of rising expectations for QE and the “europhoria” post-ECB pushed EURUSD above 1.2800. Given that we hit our target, we took profit on our long EURUSD recommendation and booked a 3.92% profit.
Technical Analysis
$ in general under pressure with $ index back at levels not seen since the spring. US bond yields basically unchanged (after a rather volatile session)sinc Friday, GOLD continues to climb and so does many commodities (CRB into a bear divergence now…!) and the YEN to strengthen (ag the greenback but also soon ag the […]
FX Techs
At a glance: Cling together, swing together The European sovereign debt crisis opened a new chapter yesterday with the ECB’s decision to launch an unlimited bond buying program.
Americas FX Daily
Playing the ranges What happened overnight * AUD Q2 capex above consensus, mining pipeline still robust * Brazil cut rates 50bp as expected, signaled shift in guidance * Italy successfully auctions 2017 and 2022 paper
Daily FX Technical Strategy: No base yet for AUD
Base metals look to have completed their recent recovery bounce and the subsequent downturn is expected to keep the focus lower for AUD.