Tag Archives: EUR/JPY
FX Daily Strategist: Europe
– Fed delivers QE, further USD weakness is in scope The Fed delivered open-ended QE and committed to balance sheet expansion until the labour market improves substantially. The market reaction in the immediate aftermath i.e. sharp rally in equities, gold, and US TIPS inflation expectations and the sharp sell-off in USD plays to the strong […]
FX Market Technical Research
EUR/USD: Focus Now Turns To 2012 Highs. The EUR/USD continues to distance itself from the 200-DMA with the pair now trading above the previous resistance at $1.3000.
FX Market Technical Research
EUR/USD: Fast Approaching Key Resistance. Despite a brief dip below the 200-DMA overnight the uptrend remains firmly in play with the $1.3000 resistance level seen as the next major hurdle.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Range support at .7967/59 has held and our bias is for the recovery to extend to neckline resistance at .8045, with scope to the .8096 high.
FX Market Technical Research
EUR/USD: Closes Above 200-DMA. EUR/USD has taken out the falling daily trend line and closed above the 200-DMA for the first time since late Nov 2011, adding support to the bullish case.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Range support at .7964/59 ideally holds to maintain recovery with risks to .8004. Above here would aim at the .8096 high. – EUR/JPY: We ideally look for basing support at 99.60/21 to hold to see a test of the 101.65/81 where we expect a fresh attempt at a top. – EUR/SEK: […]
FX Daily Strategist: Europe
– EUR rally to take breather ahead of key events on Wednesday and Thursday Asian shares are broadly lower up to 1% lower, the losses are spread across sectors, suggesting this may be broad riskreduction ahead of key events rather than any specific catalyst.
Technical Analysis
The nokkie got it on the chin yesterday and a 7.40-7.45 test looks possible before realigning price action with downtrend again… EURSEK on the other hand confirmed mid-body resistance yesterday and looks ready to test nearby supports at 8.43 & 8.40…
FX Market Technical Research
EUR/USD: Consolidating Friday’s Break Higher. Consolidation below layers of resistance including the 200-DMA, falling daily trend line off late Feb highs and Friday’s high continues with an inside day to start the week.
FX Daily Strategist: Europe
– EURUSD hits 1.28 target. We lock in profit but maintain long EURJPY and EURCHF The combination of rising expectations for QE and the “europhoria” post-ECB pushed EURUSD above 1.2800. Given that we hit our target, we took profit on our long EURUSD recommendation and booked a 3.92% profit.
Technical Analysis
$ in general under pressure with $ index back at levels not seen since the spring. US bond yields basically unchanged (after a rather volatile session)sinc Friday, GOLD continues to climb and so does many commodities (CRB into a bear divergence now…!) and the YEN to strengthen (ag the greenback but also soon ag the […]
FX Market Technical Research
EUR/USD: Key Resistance Levels Just Above. The pair is consolidating below Friday’s highs, the 200-DMA and the falling daily trend line from late Mar highs after getting a little ahead of itself and closing above the 21 day upper Bollinger band ($1.2741) to end the week.