Tag Archives: EUR/GBP
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.
FX Daily Crosses
Today’s highlights: – EUR/GBP: In corrective mode but expected to be short-lived, and supported by .8098/90. We remain buyers on dips for through .8166 to .8221 and then .8263.
Daily FX Technical Strategy: Aussie offered
While US equities showed signs of stability on Monday, closing marginally higher on the day, hard assets such as base metals continue to lose ground.
Technical Analysis
The euro looks a bit healthier this morning with gains scored against dollar, yen, pound, the kronas and the CEE3s…
FX Daily Crosses
Today’s highlights: – EUR/GBP: Consolidating ahead of the .8157 chart resistance hurdle. We remain bullish going into this week, with risk through .8157 to .8263.
Daily FX Technical Strategy: The sun shines for USD/JPY as clouds break
On Friday risk took a step back as base metals markets fell sharply and US equity markets dipped. Despite this decline, it is far from certain that the move is sustainable, given the recent ranging environment.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Pausing for breath after the recent breakout. We remain bullish target .8157 and then .8263, however we do not rule out a brief correction lower to .8090/99.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Neckline/trendline break above .8103/15 paves the way for further strength to .8157 and then .8263 – the 38.2% Fibonacci retracement.
Daily FX Technical Strategy: EUR looks up
Positive moves in European equities, such as the bullish flag and double-bottom confirmation in the French CAC, along with the bullish break in Italian 10y Government Bonds toward the 2012 yield lows near 4.68%, have prompted a more optimistic outlook for the EUR.
FX Daily Strategist: Europe
– EURUSD still constructive, but could consolidate towards the weekend Risk-sentiment has continued to move higher in Asia helped by better US earnings reports and a decision by Moody’s to affirm Spain’s investment grade rating (the lowest at Baa3 with a negative outlook last night on account of the proactive ECB response via the unveiling […]
Global Technical Watch – EUR recovery
Bullish signals (in favour of lower yields) in Italian 10y yields are one of the catalysts for returning optimism for the EUR. Italian 10y yields are now threatening a range base that has been in place for over a year, and a move below this range would likely be yet another EUR-positive signal.
Technical Analysis
The euro looks a little stronger now and defensive currencies like USD & JPY have to dodge. EURUSD could set a fresh >1.3173 high – at least barring a <1.2825 counterbreak… Below 78.60 would hurt the dollar against it’s index…