Tag Archives: EUR/JPY
Behavioral Finance: Daily Forex Outlook: The German bund as a proxy eurobond
EUR USD (1.2485) Although yesterday saw Spanish bond yields increase to an unsettling 6.8 percent, it was the moderate increase in German bund yields that garnered attention.
Behavioral Finance: Daily Forex Outlook: Central banks await impulse from policy-makers
EUR USD (1.2525) During his testimony before the Congress Ben Bernanke stopped short of signalling an outright QE3, although he indicated Fed’s intention to act if eurozone deteriorates. In a similar fashion Mario Draghi too refrained from implementing a cut.
FX Market Technical Research
EUR/USD has now hit our upside target at 1.2625, the January low. This has stalled the currency pair. A minor retracement back towards the 1.2500/1.2450 area should now be seen before the current retracement higher continues.
FX Ringside
We add a 3 week 104.50 EUR/JPY One-Touch at 18% The outlook for the euro-zone is very dark absent far-reaching political measures to further integrate the Economic and monetary union. The political process however is slow moving and the need for policy support is urgent.
Behavioral Finance: Daily Forex Outlook: Only ECB can elevate the short-term sentiment
EUR USD (1.2515) With the Spanish government explicitly admitting that they will need help from European institutions to recapitalise the country’s banks, the eurozone crisis has yet again attained a new summit. The markets now expect an urgent short term solution to this development.
Technical Analysis
The euro is given at least a breather… EUR/USD Coming out of the stretch… EUR/GBP Probing short-term resistance… EUR/JPY Attempting to clear the stretch… EUR/SEK Bearish engulfing candle added… USD/SEK Re-checking support area… EUR/NOK There is no easy way out of here… NOK/SEK At lower end of support zone.
Technical Analysis
USD & JPY strength on hold, gold surge, oil not…. EUR/USD Corrective forces at play… EUR/JPY Enough selling for now?… EUR/SEK Up from the base formation… USD/SEK Pause not turnaround… EUR/NOK Full speed ahead!… NOK/SEK Completed correction?… USD/CAD Higher but not without a stretch.
Technical Analysis
Dollar & JPY in the driver’s seat, record low yield… EUR/USD Sellers taking a breather?… EUR/JPY Key support violated… EUR/SEK Still indecisive… USD/SEK Next target within reach… EUR/NOK Key day reversal!… NOK/SEK A 2nd leg lower…GBP/USD Extending the slump.
Behavioral Finance: Daily Forex Outlook: Austerity still has precedence
EUR USD (1.2375) High Spanish borrowing costs, diving stock markets and concerns about the banking industry again saw investors buying safe-haven assets yesterday. Perhaps that’s why EC’s proposal of a joint bank deposit guarantee scheme, a eurozone wide financial supervision body, and a direct recapitalisation of the banks by the ESM, resonated in the markets.
FX Market Technical Research
EUR/USD has now dropped right through the 1.2457 March 2009 low and is on is way to the 1.2329/06 support zone. This consists of the 2008 trough and the 2001-12 uptrend line. Medium term the 200 month moving average at 1.2066 and the psychological 1.2000 mark remain in sight.
Technical Analysis
Broadbased (not only Eur weakness) dollar and jpy buying seen yesterday. Bond yields dropping to record lows, slumping commodities and weak equities. EURUSD now knockin on the door to a broad based support area (2005-2010 lows), EURJPY to challenge its yearly low, 97.04,
Behavioral Finance: Daily Forex Outlook: Eurozone is not the only risk to the UK economy
EUR USD (1.2465) Spanish bond yields are again hovering near the seven percent levels which make it difficult for the government to plan any sustainable borrowing. The Spanish plan to recapitalise Bankia through an equity-bond swap also becomes more expensive and the idea has found little resonance with the ECB.