Tag Archives: EUR/JPY
Global Technical Watch – Quick Charts
Among the recent trends across markets, commodities are arguably the most striking, as some base metals such as nickel push to new lows for the year. The decline in WTI crude also has further to run, in our view.
FX Market Technical Research
EUR/USD continues to trade below the 61.8% retracement of the move seen this year and remains under pressure. Corrective rebounds should remain tepid – daily technical indicators remain negative and our target remains the 1.2624 January low.
Behavioral Finance: Daily Forex Outlook: The euro aspires to a transfer union
EUR USD (1.2945) Fifty-seven percent of 1253 analysts and traders polled in a Bloomberg survey believe one country will exit eurozone by the end of the year. We reckon that more than anything else what the poll really implies is that in the absence of an explicit monetary transfer mechanism, the union is likely to […]
FX Market Technical Research
EUR/USD has eroded the 61.8% retracement of the move seen this year so far at 1.2954 and dropped into 4 month lows. The resistance above 1.3081 is prolific and the 5 and 8 month downtrends at 1.3233/50 offer tough resistance for the market.
Behavioral Finance: Daily Forex Outlook: The pro-growth strategy has yet to emerge
EUR USD (1.2975) If the recovery of markets across all asset classes is any indication then the change of guard in France seems to have been accepted as a precursor to a non-confrontational Franco-German relationship.
FX Daily Strategist: Europe
Greece returns to the front page as coalition talks threaten new elections Greek once again takes centre stage as the inconclusive results of the election lead to further uncertainty. Having won the most seats, the New Democracy party was yesterday given a three-day mandate to try to form a coalition.
FX Market Technical Research
EUR/USD has held the initial test of the 61.8% retracement of the move seen this year so far at 1.2954 and has seen a small rebound. While we would allow for the rally to fill the weekend gap to 1.3081. it should remain shallow and the risk will remain on the downside.
Behavioral Finance: Daily Forex Outlook: The euro weighs the elections
EUR USD (1.2975) The importance of the US non-farm payrolls for the EUR/USD was short-lived as Europe delivered the much-awaited electoral results. Although in power on the back of an anti-austerity wave, the post-election tone of the new socialist president in France is likely to be more compromising than suggested on the campaign.
FX Market Technical Research
EUR/USD aggressively and has reached the 61.8% retracement of the move seen this year so far. While this may hold the initial test, the risk will remain on the downside and a move below 1.2954 is expected to trigger another leg on the downside to the 1.2624 January low.
Technical Analysis
$ comeback, commodity universe hit… EUR/USD Gapped lower… AUD/USD Exited the bear flag… EUR/JPY Gapping below the neckline… EUR/SEK Topside pressure mounting… USD/SEK Trying the key resistance… EUR/NOK Bull flag exit underway… USD/NOK Powerful break higher likely… USD/CAD Longs are extremely exposed.
Behavioral Finance: Daily Forex Outlook: Range-bound euro awaits electoral impulses
EUR USD (1.3155) While maintaining rates, ECB President Draghi essentially shifted any policy change to summer when more data on the economy would lead to a clearer assessment.
FX Market Technical Research
EUR/USD steadied somewhat yesterday after the ECB press conference. While we may see further ranging, the risk will remain on the downside and while capped by the 1.3262/68 downtrends, these are the 5 month downtrend and the 8 month channel.