Tag Archives: EUR/GBP
FX Market Technical Research
EUR/USD remains on the defensive., it has recently eroded the top of cloud support, the 55 day moving average and the 50% retracement support at 1.3055. It is currently sitting on support at 1.3000.
FX Daily Strategist: US
USD may have further legs with dovish Fed rhetoric ignored The European session saw some profit taking with the USD softening a tad against the JPY and EUR in response to a pause in the move higher in UST yields. EURUSD has recovered further from the 1.3004 low in Asia but this seems more related […]
USD consolidates in Asia after its post-FOMC rally
Very little activity to report from the Asian session after the US dollar reigned supreme after the FOMC meeting. Currencies were content to consolidate at lower levels versus the greenback, awaiting fresh impetus from the European and US sessions.
Daily FX Technical Strategy: Cross focus as USD consolidates
As the dollar unwinds intraday overbought signals at the start of the week, crosses have drifted off the sidelines but without suggesting a consistent story. EUR/GBP rallied sharply but this move must be kept in context of the downtrend of the last 10 months.
FX Market Technical Research
EUR/USD has held the initial test of the 55 day moving average, this is located at 1.3084. Rebounds are expected to remain tepid and we look for the Euro to remain under pressure and continue to regard the recent high at 1.3487 as an interim peak.
FX Market Technical Research
EUR/USD has eroded the 2 month uptrend support, this has yet to generate much of a sell off, and the market is finding some support from the top of cloud at 1.3096. This is expected to be eroded, technical indicators are negative – the daily RSI is breaking down and the daily DMI has a […]
Daily FX Technical Strategy – Kiwi takes flight
The combination of a slightly stronger USD and slightly weaker stock markets has undermined base metal prices and aluminium in particular. In FX markets, commodity currencies reflect this developing risk-off theme.
Daily FX Technical Strategy: NOK shadows oil
The spike in crude oil prices to new 2012 highs overnight is lending support to the NOK. EUR/NOK is being driven relentlessly lower and following a weeekly close below 7.4190, we would be encouraged to target the 2003 low at 7.2175.
FX Market Technical Research
EUR/USD’s key day reversal on Wednesday could mark the end of the recent bullish consolidation phase. Therefore expect to see further weakness in the days to come. The 1.3322 early February high is now being eyed.
FX Market Technical Research
EUR/USD: The break out of Monday’s inside day in the EUR/USD should determine the trend for the next few days. Since the break has been to the upside, the 1.3550 December high is now being targeted.
Technical Analysis
EURUSD looks set to score one more high before dropping again… Bunds bullishly broke above key refs yesterday and look staged to score fresh cycle highs… US tens trails behind but also look bullish…
Daily FX Technical Strategy: Trend ending signals for USD/JPY
Last Friday USD/JPY closed above its weekly cloud for the first time since Jul 2007 suggesting that the long-term downtrend is over. If this is the case then we would expect to see further confirmation this Wednesday with the dollar closing the month above its 21-month average (80.90).