Tag Archives: EUR/JPY
Behavioral Finance: Daily Forex Outlook: Late positioning in sterling ahead of BoE decision
EUR USD (1.2530) Ahead of the ECB meeting and likely BoE announcement on easing, investors are still debating the outcomes of the EU summit.
Daily FX Technical Strategy: Long-term charts point to further EUR weakness
Event risk into the weekend should continue to keep trading volumes supressed, but that is not to say there is nothing going on. Yesterday, Bobls jumped the gun on the ECB announcement today by turning bullish after a month of selling.
FX Market Technical Research
EUR/USD: Slips Under 5 & 21-DMAs. The EURO sees mixed daily studies with the stochastic recovering in neutral territory but 10-day momentum fading at the zero line as the market slips under the 5 & 21-DMAs, which now offer initial resistance at $1.2561/81.
Behavioral Finance: Daily Forex Outlook: IMF unlikely to steer a change of policy
EUR USD (1.2585) Against the backdrop of manufacturing contraction in 21 out of 29 global PMI’s, the IMF’s Lagarde yesterday highlighted the dangers of growth-threatening fiscal and monetary policy.
Daily FX Technical Strategy: EUR/NZD all-time low in sight
With the USD Index locked in a ranging pattern, we expect trading to be subdued today by the US Independence Day holiday. Bigger picture we are USD bullish but this week listless sideways drift is the likely outcome ahead of the release of US NFP on Friday.
Technical Analysis
Mid body testing into its third session… EUR/USD Still mid body testing… EUR/GBP Bear triangle?… EUR/JPY So far bids at mid body… EUR/SEK In the key support zone… USD/SEK Still in a narrow range… EUR/NOK Mid body bounce.
FX Market Technical Research
EUR/USD: Support at 5 & 21-DMAs. The EUR sees mixed daily studies with the stochastic recovering in neutral territory but 10-day momentum fading at the zero line.
Behavioral Finance: Daily Forex Outlook: ISM alone may not persuade Fed to ease
EUR USD (1.2605) Yesterday saw Finland and the Netherlands voicing reluctance to idea of allowing the ESM to buy the debt of peripheral states in the secondary market.
FX Trends daily (FOCUS: EUR/JPY)
Next week, the EUR/JPY cleared a resistance at 101 (upper bound of a short-term bearish channel). This signals an extension of the uptrend and the test of a barrier at 101.65 (June 2012 peak).
FX Market Technical Research
EUR/USD: The euro sees mixed daily studies with the stochastic recovering in neutral territory but 10-day momentum fading at the zero line.
Behavioral Finance: Daily Forex Outlook: This EU summit does not fit the mould
EUR USD (1.2625) After a weekend of reflection following the EU summit, it is being claimed by many prominent commentators that Germany’s Chancellor managed to keep the overall liabilities for her country unchanged.
Daily FX Technical Strategy: Downbeat mood fails to lift
Heavy volumes in FX markets on Friday combined with wide trading ranges in many USD markets point to squaring out of long positions.