Tag Archives: EUR/GBP
Daily FX Technical Strategy: A yen for yield
As JPY weakness becomes increasingly pronounced, investors are searching elsewhere for higher yield in currency space. A chart of an equally weighted basket of AUD, NZD, and
EUR/GBP Technical Analysis
(0,8543) EUR/GBP confirmed a strong closing last night, but it failed yet to confirm a break above the resistance of the negative outside day at 0,8535.
FX Daily Crosses
Today’s highlights: – EURJPY: Aggressive break above 127.71 confirms a bullish “triangle” continuation pattern for 132.04 next.
FX G10/EM Morning Trader Views
EUR – German IP at 11:00. After last week’s brutal 3 big-fig rally, the dust should start to settle. Cross yen moves, weak US data and market position have been the drivers but I would expect fresh EUR shorts,
Daily FX Technical Strategy: EUR/JPY benefits from a positioning squeeze
The US nonfarm payrolls report catalysed an extension of the bullish rates move (US 10y yields) that has been unfolding since mid-March.
FX Daily
– A weak US employment report increased worries about a new soft patch. – Long-end Treasury yields dropped significantly and the 10-yield is at its lowest for the year.
Daily FX Technical Strategy: Rates beleaguer the USD
Erratic moves in JGBs and dropping US yields have turned the US dollar index uptrend more erratic.
FX G10/EM Morning Trader Views
EUR – Painful best way to describe yesterdays moves, with Draghi dovish and a break to marginal new lows at 1.2744 providing what we were looking for before eur fully reversed 200 pips as everyone,
FX Daily
– ECB keeps rates unchanged but holds the door open for further easing. – BoJ’s aggressive move has put downward pressure on global bond yields.
EUR/GBP Technical Analysis
(0,8488) EUR/GBP formed a negative outside day but the closing was just one pip below the previous closing. We have now 0,8535 – 0,8425 the levels to follow in the coming hours.
FX Daily Crosses
Today’s highlights: – EURJPY: Aggressive upside reversal through 121.90 clears the way for a further advance towards 124.53 chart resistance.
FX Daily
– Very aggressive BoJ announcement. – Focus today on ECB: 25% chance of a refi-rate cut but watch out for non-standard measures to improve credit conditions. BoE to stay put.