Tag Archives: EUR/JPY
Asia FX
Risk assets were sold down in Asian trade Friday morning on heightened worries about U.S. fiscal cliff negotiations, which come just ahead of the Christmas holidays.
US FX
The dollar ended on a mixed note Thursday as thin conditions led to wide swings, financial market shrugging off upbeat U.S. economic data.
FX Daily Crosses
Today’s highlights: – EUR/GBP: .8097 support continues to hold firm. The immediate bias remains higher whilst above here for a test of the .8166/7 key neckline hurdle. Above here exposes .8263.
Daily FX Technical Strategy – USD takes a breather
It was a busy day in FX markets yesterday as USD selling ended abruptly and the yen corrected on the crosses.
Daily Market Technicals
EUR/USD: Fails At $1.3284, Potential Gravestone Doji Noted. Heavy selling pressure forced Euro-dollar lower after the pair tested the Former Nov 21 support line as resistance.
FX Daily Crosses
Today’s highlights: – EUR/GBP: .8097 support continues to hold firm. The immediate bias remains higher whilst above here for a test of the .8166/7 key neckline hurdle. Above here exposes .8263.
Technical Alert
EURUSD overlooked a potentially bearish “Doji” yesterday and demand at elevated levels is still visible. Refs above at 1.3284 & 1.3342 are now in sight.
Daily Market Technicals
GBP/USD: Bulls Break Apr 2011 Res Line, Now Eye 2012 High. The pair has closed above the former Apr 2011 resistance line, now intial support at $1.6234 and bears will want to retest this.
Asia FX
The euro continued to gain in thin Asian trade Wednesday, supported by better risk appetite amid signs of progress in U.S. fiscal cliff negotiations.
UBS FX Technical
EURUSD – The pair is extending its strength and focus is on resistance at 1.3287/1.3386, the May/March highs.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Bearish reversal ahead of the .8166/7 resistance, suggests a correction lower from .8156 is underway. However we expect this to be limited to .8097.
Daily FX Technical Strategy – USD kept on the back foot
US equities have bounced back. The S&P 500 index has recovered from the third two-day dip in the past month and US bonds are maintaining an offered tone as US 10y yields extend toward basing pattern targets.