Tag Archives: EUR/JPY
FX Market Technical Research
EUR/USD is consolidating just above the 1.2624 January low. The market has seen a very shallow rebound so far, following its key day reversal charted on Friday and continues to weigh on the downside.
Behavioral Finance: Daily Forex Outlook: The eurozone to mull more transfers
EUR USD (1.2790) The European banking system is posing challenges which make the burden of any country exiting the eurozone even more troublesome. The bad banks loans in Spain have increased to €148 billion, making it urgent for the politicians to shape a concrete policy response.
FX Market Technical Research
EUR/USD has charted a key day reversal just ahead of the the 1.2624 January low. The rally has already met the 23.6% retracement at 1.2793, looking for this to extend to 1.2887 then 1.2963, there is scope for 1.3038 (61.8% retracement+ early February and early April lows ) but we would expect the market to […]
Behavioral Finance: Daily Forex Outlook: A lost decade?
EUR USD (1.2680) The Greek electorate’s desire to remain in the eurozone is now being reflected in the latest polls of voting intention. Parties supporting the international bailout would be able to form a coalition government according to the latest survey, but the market did not see this as positive.
FX Market Technical Research
EUR/USD has sold off towards the 1.2624 January low. We would expect to see some profit taking here ahead of a renewed stab lower to the 1.20 region. We note on the 240 minute chart a loss of downside momentum and we would allow for a small corrective rebound.
Behavioral Finance: Daily Forex Outlook: Worst-case eurozone scenario a little less likely
EUR USD (1.2830) Several surveys of investor expectations seem to indicate that many increasingly see at least one country exiting the eurozone in the next 12 months. Of course last week’s post-election impasse in Greece is one of the factors that have caused probability estimates to tick upwards.
Technical Analysis
Scandies & EMs look vulnerable still (lack-of-liquidity)… EUR/USD Challenging support… EUR/JPY Stretched but still offered… EUR/GBP Bullish candle crushed… EUR/SEK Taking it into a stretch?… USD/SEK Bullishly into a fresh yearly high… EUR/NOK Key 7.6270 ref under pressure… USD/NOK Pursuing the short-term stretch.
Behavioral Finance: Daily Forex Outlook: Why didn’t the euro fall sooner?
EUR USD (1.2890) Surveys conducted among the Greek population since the election consistently show that at least 75 percent still want their country to stay in the eurozone. However, there are also several surveys that show that a considerable percentage of voters continue to support the left radicals who completely denounce the austerity programme and […]
Daily FX Technical Strategy – USD benefits from global uncertainty
The dollar is on a roll. Broad based signs of USD strength point to further material gains in the coming months. AUD/USD posted the low close that we were hoping to see last Fri implying the uptrend of the previous three years is over.
FX Market Technical Research
EUR/USD The daily RSI is trading at oversold levels not seen since December which leads us to believe that EUR/USD will manage to heave itself back up towards the 61.8% Fibonacci retracement of this year’s advance at 1.2954 in the days ahead.
Technical Analysis
ECB € index broke lower, NOK/SEK higher… EUR/USD At support… EUR/JPY Broad important support… EUR/SEK Look for a mid body buy… USD/SEK Resistance capping for now… EUR/NOK Still struggling with the ceiling… NOK/SEK Heading next for 1.1945… EUR/GBP Bullish daily candle added.
Behavioral Finance: Daily Forex Outlook: The euro begins to reflect popular scepticism
EUR USD (1.2920) European Commission’s offer of a conditional delay of Spain’s 2013 deficit target if Madrid accepts new scrutiny about its plan to restructure banks and ensure more say in monitoring regional governments, reflects a compromising stance following the anti-austerity backlash that the eurozone elections produced.