Tag Archives: EUR/GBP
Dbdaily: European Edition
HEADLINES… * Markets: EU/US equities modestly in the red on weekend comments from ECB’s Coene and as newswires report a possible challenge to the German Constitutional Court’s ESM ruling, CHN bourses also a little softer early Tuesday but most of Asia in the black.
FX Daily Crosses
Today’s highlights: * EURGBP: The break of trend support now at .7955 keeps the bias lower to .7790 ahead of .7755/40. * EURJPY: The focus turns to trend support at 95.90. Capitulation through here would see bearish forces mount for 94.92 ahead of 94.11.
FX Daily Strategist: Europe
* Politicians could slow pace of EUR recovery Multi month we like EUR lower on the crosses too (EURAUD,EURGBP, EURJPY) given declining yield advantage but believe that on a 4-6 week view, the EUR could be prone to upside risks.
FX Daily Strategist: US
* EUR a tad lower despite positive mood music While the mood in financial markets continues to remain optimistic (glass half-full, not half empty), EURUSD is down about 60 pips closer towards 1.2300, the lowest since Friday.
Risk rally, tortoise-style
Softer Chinese data are probably not soft enough to de-rail the risk rally * Asian data and news grabs overnight headlines. The Bank of Korea left rates on hold after last month’s surprise cut, and the won gained slightly. Chinese data come out slightly softer than expected as the slowdown continues.
FX Daily Crosses
Today’s highlights: * EURGBP: Coiling sideways ahead of the 55-day average placed at .7969. A break above here sees risk up to .8013.
UK Inflation report can keep pressure on sterling
The risk rally is progressing slowly. Sell GBP/CAD ahead of the inflation report? * The highlight of today’s news and data will be the UK Bank of England inflation report. Inflationary pressures are easing, the economy is weak, bank lending is soft, and the MPC is dovish.
EURGBP at pivot point ahead of BoE inflation report
EURGBP has risen to a key resistance area, much like the 1.2400+ area in EURUSD. The coming days are a test for both the Euro and sterling, starting with today’s BoE quarterly inflation report.
Technical Analysis
Hello Mr. Riskoff – ECB failed to deliver what was “demanded”… EUR/USD A correctional high in place… EUR/GBP Correctional high at resistance… EUR/SEK Lower yes, but also “wedgy”… USD/SEK Weak attempt under support… EUR/NOK Fresh low likely… NOK/SEK Could correct the stretch.
Technical Analysis
Commodity FXers, scandies & dollar favored… EUR/USD One down (Fed) two more to go… EUR/GBP Move higher corrective – so far… USD/JPY Small bullish step taken… EUR/SEK Lowering target to mid-8.2s… EUR/NOK Grinding into the recent lows.
Technical Analysis
Waiting for the Fed today and ECB (& BOE) tomorrow… EUR/USD Into a final correctional high… EUR/JPY Lagging EUR/USD… EUR/GBP Could also stretch for ~0.7910… EUR/SEK Rechecking resistance… EUR/NOK Sits below mid-body resistance… EUR/HUF U-turned at trendline support.
Technical Analysis
Euro & €Stoxx recovery could be extended. Watch USD index now!… EUR/USD All in one day or more coming?… EUR/GBP Has some upside catch up to do… EUR/SEK All over the place…