Tag Archives: EUR/JPY
Behavioral Finance: Daily Forex Outlook: The IMF money is conditional
EUR USD (1.3145) The IMF has received an extra $430 billion in resources after a lengthy bout of lobbying. A brief look at the news reports on the issue leaves one with an impression that should the eurozone deteriorate and policymakers actually delve into IMF funds it would not be without hefty discussions about the […]
Technical Analysis
Minor corrections running late, weaker NOK… EUR/USD Resistance cluster on top… EUR/JPY 233d ma high capping (?) NZD/USD Rechecking the flag exit… EUR/SEK Sitting at the 55d ma low… USD/SEK Looking for buyers… EUR/NOK More upside action awaited… NOK/SEK Support under pressure.
Behavioral Finance: Daily Forex Outlook: The tendency to bearishness is unjustified
EUR USD (1.3145) Narrow ranges and sideways trading currently seem to accompany a popular search for gloomy news. For instance, the Spanish bond auction yesterday proceeded as well as anyone could have hoped at the start of the week.
Behavioral Finance: Daily Forex Outlook: A less worrisome Spanish bond auction
EUR USD (1.3115) An apprehensive eye will be kept on the Spanish 10-year bond auction today as stress on the eurozone persists from the periphery. Statistics from Spain, such as the 3 percent decline in house prices in the last quarter and the 17-year high in bad debt on the country’s bank’s balance sheets keep […]
Behavioral Finance: Daily Forex Outlook: Euro wedged in a narrow range
EUR USD (1.3120) The euro recovered from multi-months lows against the dollar leaving investors searching for a convincing explanation. Of course, at first glance, the better-than-expected April ZEW data, Germany’s monthly survey of investor optimism seemed to be the most obvious reason This explanation, however, looks hardly convincing.
Behavioral Finance: Daily Forex Outlook: Euro’s curious rebound
EUR USD (1.3025) Spanish economic woes have meandered back into market focus with an amazing speed. Yesterday investors felt unsettled by the ECB data showing that the Spanish banks borrowed a record amount of euros in March and worried about their dependence on the ECB.
FX Ringside
Riksbank to remain at 1.50% – small SEK positive We expect Riksbank to remain on hold at 1.50% tomorrow. Our internal survey conducted yesterday only showed 18% of the respondents voting for a 25bps cut. The interest rate market however disagrees pricing a 65% probability for rates being lowered to 1.25%.
Technical Analysis
Dollar rally paused – not reversed. EUR/USD 1.2974 kept safe – for now… EUR/JPY Respecting support… EUR/GBP Fresh low rejected… EUR/SEK Near-term correction printed? USD/SEK Small setback to a bullish case… EUR/NOK Minimum “wave-C” target met… NOK/SEK Correctional grind (higher)… NZD/USD Bear flag ready to go.
Behavioral Finance: Daily Forex Outlook : Market continues to focus on peripheral assets
EUR USD (1.3020) Downbeat Chinese GDP data probably contributed to pushing the euro to the months low. But as Spanish borrowing costs increase to the levels that forced Greece, Ireland and Portugal to resort to bailouts, the investor focus is now meandering back to the eurozone.
Technical Analysis
Spain still in focus – € weaker… EUR/USD Trying to break lower… EUR/JPY Holding on to the break?… EUR/SEK Choppy pattern on top of 55d… USD/SEK Focus next at 8.8760… EUR/NOK Look for a down and up move… NOK/SEK Bounce getting serious… EUR/GBP Supply at “low” levels.
Behavioral Finance: Daily Forex Outlook: Major currencies seen as fairly-valued
EUR USD (1.3170) The euro’s situation remained neutral against the backdrop of yesterday’s Italian bond auction that proceeded in line with expectations – neither good nor bad. With the euro trading within recently small ranges, traders simply attributed the modest uptick to a weak dollar rather than to a strengthening euro.
Behavioral Finance: Daily Forex Outlook: ECB Bond Purchase Programme 2.0
EUR USD (1.3130) After many punishing days for asset markets, there was a palpable desire to see some correction yesterday. A rebound in equities, peripheral bonds, and the euro were in unison with comments by Benoît Coeuré suggesting a bond purchasing programme in Europe ‘still exists.’