Tag Archives: EUR/CHF
Daily FX Technical Strategy: USD/CAD in a tight spot
The outlook for risk deteriorated late last week and a series of Double Tops suggest some follow through selling in the coming days.
Daily FX Technical Strategy: JPY finds a bid again
Near-term topping signals emerging in US equities signal further relief in the greater up-trends. This is helping to provide a bid for JPY and we are seeing evidence of this in some of the JPY crosses, with trendline breaks in EUR/JPY and CHF/JPY pointing to further downside toward the late September range lows.
FX Daily Strategist: US
– Market in search of catalysts The markets continue to trade without conviction, searching for catalysts. The catalysts are many for the modest risk-off tone seen in markets but none of them are dominating at present.
Daily FX Technical Strategy: Downside risk is the hot Topix
The euro is consolidating and we suspect range trading will continue to dominate trading over the rest of the week. Yesterday, EUR/GBP topped out against its range high with a Key Day Reversal implying near-term downside risk.
FX Daily Strategist: Europe
– Further upside to NOKSEK likely this week driven by soft Swedish releases Norwegian and Swedish CPI is scheduled to be released on Wednesday and Thursday respectively. BNP Paribas expect Norwegian CPI to rise 0.8% m/m, mainly due to seasonal factors, causing the y/y headline rate to fall slightly to 0.4%.
Daily FX Technical Analysis and Strategy
EUR/USD: Ranging – Investors are reluctant to drive EUR/USD strongly in either direction. Price emerged briefly through 1.2960 though is still lacking follow through.
Daily FX Technical Strategy: AUD look out
At the start of a new quarter, the AUD is taking centre stage. AUD/NZD appears to have completed a huge Head and Shoulders top and conservatively threatens to revisit its 2011 low.
Daily FX Technical Strategy: JPY appreciation continues
Overnight profit taking in US equities saw the S&P move back within its multi-week rising channel. This is keeping US bonds bid, which in turn is providing near-term support for JPY.
Daily FX Technical Strategy: USD double take
The trend to sell the dollar stopped last week and on Friday we saw the first signs of USD demand in two markets where recently it was particularly weak;
FX Daily Strategist: Europe
– Fed delivers QE, further USD weakness is in scope The Fed delivered open-ended QE and committed to balance sheet expansion until the labour market improves substantially. The market reaction in the immediate aftermath i.e. sharp rally in equities, gold, and US TIPS inflation expectations and the sharp sell-off in USD plays to the strong […]
FX Daily Strategist: US
– We target NZDUSD higher with QE3 yet to be priced in Risk-taking got another shot in the arm after the German constitutional court ratified the ESM with some conditions (as expected-more below) and also implicitly backing the two-pronged approach of the ESM/ ECB framework for euro area bond purchases.
FX Technical Volume Strategy: EUR/USD rises with volume
– Volume levels bounced back after Monday’s lull as investors continue to build on the positioning initiated at the end of last week. – Bullish investor sentiment in EUR/USD is endorsed by the above-average volume that is accompanying up-days.