Tag Archives: EUR/JPY
Behavioral Finance: Daily Forex Outlook: The Greek deal had an even shorter half-life
EUR USD (1.3225) The scepticism around the Greek bailout deal is pervasive. While it was clear that the package was essentially crafted for servicing the debt costs of the Greek government, the complex PSI deal, it seems, does not guarantee a closure on the issue yet.
Daily FX Technical Strategy: US yields carry JPY crosses
While initial JPY weakness emerged in response to optimism for equities, the recent push to 1-3 month range highs for US yields has likely given investors additional reasons to pare back JPY length.
FX Market Technical Research
EUR/USD as expected is struggling at the 1.3300/22 area (last weeks high). Failure here should provoke a sell off back to the 50% retracement at 1.2974, this remains our favoured scenario. Below 1.2974 should trigger losses to 1.2891/54, then 1.2775 en route to the 1.2626 recent low.
Behavioral Finance: Daily Forex Outlook : A conditional deal but a deal nevertheless
EUR USD (1.3265) The numbers agreed by the Eurozone finance ministers in the Greek bailout deal seem to have come out on the top end of the expectations. Of course the €130 billion figure is against the backdrop of an optimistic scenario which was described in the ‘leaked’ report circulated to the eurozone officials before […]
Behavioral Finance: Daily Forex Outlook: China and Japan offer eurozone support via IMF
EUR USD (1.3210) Japan and China have showed joint interest in expanding the IMF resources to address the eurozone crisis provided the European members work towards lifting the €500 billion cap on the rescue vehicle, the ESM.
Technical Analysis
EURUSD grinding higher but with poor momentum. Short term no strong directional conviction, EURJPY today’s gap and spike to be monitored very close as possible ending the upside correction, EURSEK rejected from 8.8520 but a new attempt will emerge from 8.80/82,
Behavioral Finance: Daily Forex Outlook: ‘Green shoots’ go unsung this time
EUR USD (1.3125) With early (at the time, unconfirmed) reports that Greek policymakers had been able to plug a €325 million budget hole, and that the ECB intended to swap its ‘old’ Greek bonds for new PSIexempt paper, the stage was set yesterday for a bailout deal on Monday and for a swift completion of […]
Technical Analysis
EUR/USD – spiked in the support zone…EUR/JPY – up-thrust signal failed…USD/JPY – trying it above the 233d ma…EUR/SEK – cautiously watching 8.8520…USD/SEK – rejected from the 55d ma…EUR/NOK – knocking on the trap door.
Daily FX Technical Strategy: EUR/USD changes trend
The speed of the USD snapback yesterday caught us by surprise even though we were wary of renewed USD profit taking at lower levels. Unlike earlier in the week, this time the turnaround has caused chart damage to the 2012 downtrend.
FX Market Technical Research
EUR/USD remains under pressure and we look for 1.3000 to be eroded soon. This will leave the market directly offered and on course for 1.2891/54 (61.8% retracement of recent leg higher) then the 1.2624 January low.
Technical Analysis
A lot of events since yesterday morning. Risk appetite on the defensive with VIX rising (up from a higher low) and EZ worries back on the frontpage. The common currency is again under increasing pressure and EURUSD is checking key support levels,
FX Market Technical Research
EUR/USD has sold off towards the 55 day ma at 1.3067, which together with the 38.2% retracement of the last leg up at 1.3056 appears to be holding the initial test. Rebounds from here should remain tepid – the market has recently severed its short term uptrend, this in conjunction with the divergence of the […]