Tag Archives: EUR/GBP
FX Monthly: Who’s afraid of the big, bad cliff?
We expect USD strength to persist into year-end, aided by relative economic outperformance and the sbsence of QE3. Our base case of a compromise on the impending fiscal cliff is consistent with limited Fed easing.
Global Technical Watch – Quick Charts
Yesterday, S&P 500 futures backed away from support near 1320, as did EUR/USD from the psychological 1.20 level. These important hurdles are unlikely to give way without a near-term struggle. As a result, several EUR crosses took the opportunity to stage a short-term bounce.
Daily FX Technical Strategy – One down, more to follow?
As yields in Italy and Spain start to rise sharply the spotlight appears to be shifting onto classical “risk” indicators. Yesterday NZD/USD completed a Head and Shoulders top and over the rest of the week we are watching to see whether other indicators like the AUD/USD and S&P500 follow the NZD’s lead.
Global Technical Watch – Quick Charts
The initial bearish signs, such as the Reversal Day in AUD/JPY we noted earlier this week, are snowballing. Further JPY gains are likely across the board, especially as US 10y yields threaten trendline resistance near 1.36%.
Daily FX Technical Strategy: A shot across the bows
The move in Spanish yields yesterday was a shot across the bows for Risk. While the prospect of contagion within the eurozone has risen with 10y Italian yields gapping higher out of range, yields outside Spain have not yet reached levels where the rise becomes self sustaining.
EURGBP sell-off tiring
Yesterday was an interesting one for EURGBP, as further very negative EU news saw the pair unable to hold new lows – the divergence suggests the Euro sell-off may be exhausting itself in places.
Technical Analysis
EURUSD is still in its correctional drift higher, but it is likely to end soon with Spanish 10y yield (& spread to Germany) fast rising/widening… This is also good news for Bunds, soon breaking the recent 145.97 high…
Technical Analysis
EUR/SEK likely headed into a fresh yearly low… EUR/USD Yet another buyers’ response… EUR/GBP Time ripe for a bounce higher… USD/CAD Extending the correction lower…
Daily FX Technical Strategy: Momentum points to higher dollar
Growth concerns dominated trading overnight. Low and falling US yields made no impact on the dollar which rose even against recently strong currencies like the AUD and KRW.
Daily FX Technical Strategy: Euro drifts closer to another major cliff edge
Over the past 24 hours the markets have taken a breather. The absence of any reversal signals during that time points to a period of consolidation leaving the main themes unchanged.
NFP: is “slightly bad” worse than “really bad”?
UK (dis) inflation UK core PPI Output inflation matched its lowest month-on-month reading for the last 12 years or more in June, underlining the deflation threat as promoted by the BoE as it decided to increase its asset purchase target this week and no doubt aided somewhat by a stronger sterling vs. the euro over […]
Daily FX Technical Strategy: Long-term charts point to further EUR weakness
Event risk into the weekend should continue to keep trading volumes supressed, but that is not to say there is nothing going on. Yesterday, Bobls jumped the gun on the ECB announcement today by turning bullish after a month of selling.