Tag Archives: EUR/JPY
FX Market Technical Research
EUR/USD: Recovers 21-Day Moving Average. The bulls-crossed 21 and 5-DMAs provide initial support/resistance at $1.2248/75 as the daily stochastic study continues to recover.
Technical Analysis
Waiting for the Fed today and ECB (& BOE) tomorrow… EUR/USD Into a final correctional high… EUR/JPY Lagging EUR/USD… EUR/GBP Could also stretch for ~0.7910… EUR/SEK Rechecking resistance… EUR/NOK Sits below mid-body resistance… EUR/HUF U-turned at trendline support.
FX Market Technical Research
EUR/USD: Recovers 21-Day Moving Average. The euro recovers the 21-day moving average of $1.2264, which turns support and makes a bull-cross with the 5-DMA at $1.2290 as the daily stochastic study continues to recover.
Behavioral Finance: Daily Forex Outlook: Time for a completely new ECB measure?
EUR USD (1.2285) Given the seniority of the individuals involved in yesterday’s various meetings – Draghi, Schaeuble, Geithner – news about the outcomes was surprisingly thin.
FX Market Technical Research
EUR/USD: Recovery Tests 21-Day Moving Average. COMMENTARY: The euro holds above the 5-day moving average at $1.2255, testing the 21-DMA at $1.2280 as the daily stochastic study recovers.
A busy week ahead – too much QE priced in?
The FOMC is up Wednesday – more ambiguous rhetoric or is this a set-up meeting for a September QE3 move? And the ECB will need to see Draghi following up on last week’s rhetoric or else…
Behavioral Finance: Daily Forex Outlook: A problem well-defined
EUR USD (1.2290) The Mario Draghi risk-on rally extended into Friday, resulting in the largest one-week gain for the euro in two months. Sceptics poured scorn on ECB president’s comment from the outset because, they claimed, it lacked substance.
FX Market Technical Research
EUR/USD: Recovery Tests 21-Day Moving Average. The pair holds above the 5-day moving average at $1.2220, testing the 21-DMA at $1.2295.
Global Technical Watch – Quick Charts
US 30y yields posted a bullish reversal on daily charts last week, and on Friday, US 10y yields confirmed the signal by also posting a reversal signal on weekly charts.
Behavioral Finance: Daily Forex Outlook: The flight of the euro ‘bumblebee’
EUR USD (1.2285) Mario Draghi’s verbal intervention yesterday had the kind of impact Japanese monetary officials can only dream of. The euro climbed 1.75 percent as sound-bites from his speech hit the wires.
FX Market Technical Research
EUR/USD: Daily Studies Attempt Recovery. The pair recovers the 5-DMA at $1.2180 to test the 21-day moving average, which declines to $1.2310.
FX Monthly: Who’s afraid of the big, bad cliff?
We expect USD strength to persist into year-end, aided by relative economic outperformance and the sbsence of QE3. Our base case of a compromise on the impending fiscal cliff is consistent with limited Fed easing.