Tag Archives: EUR/JPY
Daily FX Technical Strategy – USD bounces as bonds bomb
Investors have started 2013 in an optimistic mood and as confidence returns, evidenced by surging global equity markets, the safe haven trades of 2012 are being jettisoned,
FX Technical Volume Strategy: High volume EUR/USD selling
– Overall volumes increased on the day, with JPY continuing to dominate the G10 rankings.
Global Technical Watch – Yields race into NFP
Around the turn of the year, the past three trading session in US 10yr yields resulted in over a 20 bps rise as the market broke above range highs of the past six months.
Technical Alert
Euro weakness and dollar strength accross the board yesterday. The market is probably a bit stretched in the very short term hence a day of (at least until NFP) congestion and consolidation likely.
Daily Market Technicals
EUR/USD: Double-Top Pattern Confirmed As Studies Remain Bearish. The double-top pattern is confirmed as Euro-dollar slides and closes below the 38.2% and former May 1 trendline,
EUR/JPY Technical Analysis
(114,40) The EUR/JPY confirmed a weak closing well below the low of the previous session;
Technical Alert
Biggest change since yesterday morning is the false downside break in multiple dollar pairs. The behavior (spring bottoms and up-thrusts) clearly speaks in favor of seeking a long dollar position for the coming days.Favoured sell = cable.
Daily Market Technicals
EUR/USD: Potential Double-Top Pattern As Fails To Break Dec 19 High. The pair slips below the 23.6% Fibonacci of $1.2662 to $1.3308, former initial support.
EUR/JPY Technical Analysis
(114,87) The EUR/JPY confirmed still a strong closing last night despite a correction that favoured a retest of the 114,60 area.
Asia FX
Risk FX came under pressure Thursday morning in Asia, as optimism over the U.S. fiscal cliff deal faded away in thin markets and profit-taking took hold.