Tag Archives: EUR/JPY
Behavioral Finance: Daily Forex Outlook: Market sentiment lags the price
EUR USD (1.3335) Over the past week more volatility has appeared in the mood of market participants than in the actual FX rate. Although spot prices are unchanged on a week ago, each day small moves are explained by large macro themes.
Technical Analysis
EUR/USD Still much unclear… EUR/JPY Increasingly bearish… GBP/USD Bearish looking “Doji” added… EUR/SEK Headed for a 8.7660 test… USD/SEK Buyers at 6.56? EUR/NOK Headed for a 7.5325/7.5175 test… USD/NOK Bullish “Doji” at support… AUD/JPY Next attempt lower underway
Speculative Positions
JPY net speculative position lowest since June 2007 SEB Risk appetite index (RAI) RAI roughly unchanged week on week and thus still within the risk neutral zone and contained in an upward channel.
Behavioral Finance: Daily Forex Outlook: Opinions on eurozone become more favourable
EUR USD (1.3335) A lull period has set in with multiple signs of easing in the eurozone. The finance ministers’ meeting that took place last week has been hailed as a success by the IMF and by the ECB.
Technical Analysis
EUR/USD Short term still unclear… AUD/USD Completed corrective bounce… EUR/JPY Bull triangle or triple top… EUR/SEK Well, that’s a better one… USD/SEK Enough? EUR/NOK Correction unfolding… NOK/SEK First step higher taken… EUR/GBP Steering back into the high-0.82s
Behavioral Finance: Daily Forex Outlook : Scepticism on Europe has no follow-through
EUR USD (1.3320) The early weakness in the euro yesterday was accompanied by a popular perception of a divergence between the US and eurozone economies. Those bearish on the euro were provided with ample fuel for their views.
FX Market Technical Research
EUR/USD remains capable of testing the top of the 7 month channel at 1.3442, this together with the February high at 1.3487 should provoke failure. The near term uptrend has been eroded and we should see the market ease back towards the 20 and 55 day ma at 1.3210/1.3174.
Behavioral Finance: Daily Forex Outlook: Market focus meanders back to the eurozone
EUR USD (1.3320) The eurozone finance ministers meeting slated to discuss the fate of pan-European rescue vehicles starts on Friday.With the impact of Bernanke’s recent dovish statements now welldigested, it is not surprising that the news focus is shifting from the USeconomic data to the eurozone’s political economy.
FX Techs: London Open
At a glance: Signs of change The weak market behavior observed on Tuesday intensified yesterday when risk markets broke a couple of trend lines and neckline supports across the board. This is still nothing decisive yet on big scale, but could be interpreted as the early tremors of a bigger setback.
FX Market Technical Research
EUR/USD no change – the market will shortly encounter the top of the 7 month channel at 1.3449, this together with the February high at 1.3487 should provoke failure. However a break below 1.3263 (near term uptrend) is needed to alleviate immediate upside pressure.
Behavioral Finance: Daily Forex Outlook: Doves will likely tint the monetary policy
EUR USD (1.3330) Ben Bernanke’s latest comment that ‘no option is off the table’ is being interpreted by many as positive for the prospects of QE3. His reaction to the implications of higher oil prices suggest that he judges the impact as not too inflationary or growthhindering barring, of course, unpredictable shocks.
FX Market Technical Research
EUR/USD will shortly encounter the top of the 7 month channel at 1.3457. this together with the February high at 1.3487 should provoke failure. Initial support is 1.3291, then 1.3237 (near term uptrend) and we suspect will have to fall below this latter level to alleviate immediate upside pressure.