Tag Archives: EUR/JPY
FX Market Technical Research
EUR/USD is inching slowing higher, bouncing off the shallow support line at 1.3034, which connects the lows from February to the lows seen in March. Failure here should act as an early warning signal of losses to the more important support at 1.2974/54, the February low and 61.8% Fibonacci retracement.
Behavioral Finance: Daily Forex Outlook: Eurozone solutions are not apparent
EUR USD (1.3090) Economic fears over Spain and Italy grippedinvestors on Tuesday as Spanish equities neared a three year low,Spanish yields went upward and Italian capital markets followed thesame pattern.
FX Daily Strategist: US
EURUSD – living on borrowed time above $1.30? Today, the sharp sell-off seen in EZ bond markets has calmed down for no obvious reason, strongly suggestive that the ECB may be in via the SMP to calm the market. A timely reminder from ECB Couere today that the ECB SMP – which hasn’t been used […]
Daily FX Technical Strategy: Hard asset breakout
Investors continue to take risk off the table as peripheral eurozone bond yields push higher. The S&P 500 index posted a fifth consecutive day lower, and commodity markets, in particular Brent crude and copper, have broken below important range lows.
Technical Analysis – FX Daily Majors
Today’s highlights: USDJPY: Another “bearish “outside” pattern plunges towards key near-term support target , 80.58, which we look to hold near term.
Behavioral Finance: Daily Forex Outlook: US jobs number reflects Bernanke’s concerns
EUR USD (1.3150) Higher volatility last week, amid a steep drop in the euro, indicated popular concern that the single-currency might fall out of the range that has dominated over the last two months.
FX Market Technical Research
EUR/USD despite weak payrolls on Friday, the rebound on EUR/USD has been tepid at best and the market starts this week sitting just above the 1.3004 March low. Key short term support remains 1.2974/54, the February low and 61.8% Fibonacci retracement.
Daily FX Technical Strategy: S(PAIN)
Eurozone issues are coming back under the spotlight ahead of the long weekend. The spread between Spanish and German 10-year yields are testing the wides of this year and European equities, particularly the Spanish Ibex index are breaking lower.
Behavioral Finance: Daily Forex Outlook: Euro traders re-adopt crisis stance
EUR USD (1.3150) Yesterday’s drop was not only due to dollar strength, but also to considerable euro weakness. Investors continued to buy dollars, supposedly pricing in the opinion that there will be no more Fed QE.
FX Market Technical Research
EUR/USD continued to lose ground yesterday and has reached the short term support line at 1.3136. Failure here is expected and should be enough to refocus attention onto the 1.3004 recent low and then 1.2974/54, the February low and 61.8% Fibonacci retracement.
FX Daily Strategist: US
Awaiting a catalyst for EUR/cross sell-off EUR/crosses came under pressure today led by weaker Spanish auctions (2.5bn actual issuance vs. 4-6bn target) with a materially lower bid to cover compared to the 2015 issue (2.4 vs. 5.0). The ECB decision and press-conference (1245, press conf. 1330 London time respectively) is due next.
Behavioral Finance: Daily Forex Outlook : Market seems prone to over-reaction
EUR USD (1.3195) Investors seem to have refreshed their opinionsof US QE prospects in a familiar fashion. A steep retreat to the dollarpanned out yesterday based on surprisingly hawkish FOMC meetingminutes.