Tag Archives: EUR/AUD
Global Technical Watch – Quick Charts
A consistent breakdown in several EUR crosses warns of bearish follow-through for EUR/SEK and EUR/NZD. EUR/AUD is approaching year lows near 1.2130/50, and a break below this zone likely would add to the bearish evidence.
Short EUR/AUD – Positioning for further downside
Improving global risk sentiment and widening Australia-eurozone interest rate differentials will likely place further downward pressure on EUR/AUD, in our view.
Daily FX Technical Strategy: A pause in proceedings
Within the recent bout of risk aversion we are seeing sings of a near-term bounce as investors take profits. The S&P 500 is finding interim buying interest over its daily cloud and the down move in base metals is stalling against stretched momentum studies.
FX Daily Strategist: US
Better IFO followed by profit taking on EUR-crosses Markets have been trading without any clear sense of conviction, however the mood in FX and equities has been more riskoff. The concern appears centred on Spain with the IBEX down 1.60%, while other bourses are only about 0.20% lower- this however is at odds with price […]
Daily FX Technical Strategy: Eurozone back in the picture
We are concerned by the recent widening of some eurozone spreads such as those of Italy and Spain vs Germany. Although these spreads are well away from the peaks seen earlier this year, the risk is for near-term pressure to remain on the EUR.
Americas FX Daily – USD gives back gains as risk stabilizes
USD gives back gains as risk stabilizes What happened overnight – French business confidence a bit better than expected – PBoC fixed USDCNY to new record low of 6.2891 – Fed’s Bullard sounds a hawkish note
FX Daily Strategist: Europe
FX Facts Fit The Figures Thursday was something of a rarity in FX markets in that there was no need for journalistic licence in fitting facts to figures. Moves in most of the G10 currencies could credibly be attributed to idiosyncratic economic news.
Daily FX Technical Strategy: Euro delayed reaction
The market appears to be slowly responding to the Greek bailout deal given the general euro recovery yesterday. EUR/GBP is leading the charge but if EUR/AUD, EUR/CAD and EUR/NZD all follow through by breaking their respective recent range highs today, then we would expect the short covering move to snowball.
Technical Analysis
Not overly much is cooking out there at the moment… Well the yen is weaker with USDJPY seemingly headed towards a key 80.25 ref… EURUSD printed a bearish candle yesterday but directional clues are anyway weak within 1.3145\1.3322…
Daily FX Technical Strategy: Pullback within greater trends
The bearish breakout in German 10y yields is helping to support the EUR. In particular, both the EUR/AUD and EUR/AUD crosses are staging near-term bounces as profit taking leads them toward the January highs.
Asian Summary
EUR opened at $1.3260 in Asia after a day of headline watching as the Greek debt deal saga lingers on. Latest reports show that the Greek political parties still disagree on an aspect of the Troika’s pension reform which is required to sanction the 2nd bailout package.
Technical Analysis
It’s a euro relief rally… possibly towards 1.34 in EURUSD and above 102.50 in EURJPY… This move is also felt in EURCHF which is eyeing resistance at 1.2110 – an opener for 1.22 (the yearly high) and in EURAUD where a bullish “Key-day reversal” is in the making…