Tag Archives: EUR/HUF
Technical Analysis
Risk on assets liked led by rising equities (and especially so financial ones), emerging markets, commodities, commodity currencies, credits..basically all except “safe haven” bonds and dollars in demand.
European Market Analysis
The JPY sank Wednesday to its lowest levels so far this year against the USD, EUR and GBP after Japan posted a trade deficit for the first time since 1980, while the euro slipped back below $1.30 against the buck in the absence of fresh news on Greek debt talks.
Technical Analysis
Euro short covering continued to dominate the scene also yesterday (Spec pos short euro trimming?). Dollar index eyeing the 79.00/50 buy area, rechecking and validating its neckline, EURSEK continues to trade lower and is eyeing the 2011 low 8.6990,
Eropean Market Analysis
EUR/USD – Extended recovery to $1.27831, with any stops above $1.2780 triggered seen meeting profit take sell interest after the pressured move higher. Middle eastern buys cited for providing the mian demand in the move up from around $1.2750. Rate trades around $1.2774.
Technical Analysis
The correctional moves higher in EURUSD & EURGBP seem to be cut short. Back under 1.2720 & 0.8239 would strongly argue for fresh lows… EURSEK over 8.83 would correctively target ~8.85\8.87 and EURNOK added a potentially bullish print yesterday and a 7.6760 watch is warranted…
European Market Analysis
EUR/USD – leveraged sellers cited for adding the extra weight to take rate through its overnight low at $1.2760, with stops adding to the selling to take rate down to $1.2748 ($1.2749 61.8% $1.2720/96). Rate currently trades around $1.2752
European Market Analysis
EUR/USD – traders report that an Asian sovereign sold in the region of E200mln between $1.2740/50, which helped to put an early cap on the recovery at $1.2750. Sales said to have been profit taking, Asian sovereign was a noted buyer into early Europe, with overnight USD sale interventions also noted in respective Asian currency […]