Tag Archives: EUR/JPY
FX Market Technical Research
EUR/USD has continued to slide and has sold off to the 1.2457 March 2009 low. Despite the fact that the RSI has not confirmed the new low, despite the 13 TD combo count and the 5th of 5th wave count, the market continues to weigh on the downside.
Behavioral Finance: Daily Forex Outlook: Euro buoyed by profit-taking
EUR USD (1.2535) Even as the IMF’s chief reiterated the significance of tax collection and tourist revenues for the Greek economy, it is any hint at the colour of the likely coalition after next month’s election that causes markets to pay attention.
FX Market Technical Research
EUR/USD saw a very tepid rebound on Monday. The new low of 1.2495 charted last week has not been confirmed by the daily RSI and this suggests caution here and some near term consolidation.
Technical Analysis
Europhobia prevails… EUR/USD Sellers responded again… EUR/JPY Soon at a fresh short-term low… EUR/GBP Sellers retain an upper hand… EUR/SEK Still respecting support… USD/SEK Bullish triangle (or flag)… EUR/NOK Support likely at range floor.
FX Market Technical Research
EUR/USD sold off all week and closed below the 1.2530 Fibonacci retracement (just). The new low has not been confirmed by the daily RSI however and this suggests caution here and some near term consolidation.
Technical Analysis
€ reaction underway? AUD rebounds. NOK/SEK bids?… EUR/USD Fibo cluster still supportive… EUR/AUD Time to resell the cross!?… EUR/JPY Possible bull divergence… EUR/SEK Key support to be tested… USD/SEK Most likely a bull triangle… EUR/NOK Back at the floor… NOK/SEK Ending downside correction.
Behavioral Finance: Daily Forex Outlook : Swiss intervention is a viscous circle
EUR USD (1.2525) A mid-session upward spike in the EUR/CHF rate yesterday brought traders quickly to the conclusion that the SNB was reasserting its determination to cap the strength of its domestic currency.
FX Market Technical Research
EUR/USD has charted a minor new low for the year, this has not been confirmed by the daily RSI and the market has not closed below the 1.2530 78.6% retracement of the move from 2010 to 2011, this suggests caution here.
Behavioral Finance: Daily Forex Outlook: Opinions on eurobonds need to be known
EUR USD (1.2575) The euro was roiled yesterday on unconfirmed reports that eurozone governments are preparing contingency plans for an exit of a country from the bloc. It would be puzzling if officials thought it necessary to make it explicit given the obvious risks.
FX Market Technical Research
EUR/USD has charted a minor new low for the year, but before we jump whole heartedly on the bear wagon we would highlight the 1.2530 78.6% retracement of the move from 2010 to 2011. We will need to see a close below here to confirm the next leg lower is underway.
Technical Analysis
Not so good for the euro, commodities (CRB & oil SHARPLY lower) & commodity Fxers… EURUSD may look stretched again, but is still offered and fresh lows can’t be excluded (after breaking a medium-term ref at 1.2588)… Next area of interest in the mid-1.24s…
Behavioral Finance: Daily Forex Outlook: The path to eurobonds
EUR USD (1.2670) Germany’s ability to sell a zero coupon bond is as much a product of its fiscal strength as it is of the external crisis. It is not surprising therefore that core countries are still opposing eurobonds on the grounds that they should be preceded by rules for stricter fiscal governance or include […]