Tag Archives: EUR/JPY
FX Market Technical Research
EUR/USD while we remain biased towards failure at 1.3245/50, the 38.2% retracement of the move down from November, chart action at this juncture is not at all clear. The erosion of the near term uptrend has provoked NO follow through and we could even argue that there is a potential ‘bull flag’ developing.
Behavioral Finance: Daily Forex Outlook: Greek travails set a new reference point
EUR USD (1.3070) Weak US data dented the markets’ ‘risk-on’ mode, but did not provoke any meaningful dollar recovery. The euro, however, slid across the board. The delay in the finalisation of the Greek debt restructuring deal is likely weighing on the market.
FX Market Technical Research
EUR/USD has failed at 1.3245/50, the 38.2% retracement of the move down from November. It has eroded its short term uptrend and we regard this as negative price action – it suggests the correction is over and the market has resumed its downmove.
Technical Analysis
The euro is back on a losing streak and so is EuroStoxx…EUR/USD 1.3070 Dollar bears never walk alone…EUR/JPY 99.55 “B-wave low” exposed…AUD/USD 1.0585 “Double-top” in the making?…EUR/SEK 8.9050 There’s upside juice still left…
Behavioral Finance: Daily Forex Outlook : EU summit delivers, but fails to impact
EUR USD (1.3185) For some investors the latest EU summit disappointed in as much as it failed to top the €500bn ESM with more resources. To the extent that the summit delivered a ‘fiscal compact’ which can be a basis for further discussions on expanding the rescue vehicles, it is seen in a positive light.
Technical Analysis
Yesterday’s bearish EURUSD print is already questioned today, but over 1.3245 is needed to lift the (correctional) sight to the 1.34s… USDJPY is lower with lower US yields and may continue towards the Oct’11 75.30 low if/when US yields continue lower…
Behavioral Finance: Daily Forex Outlook : The euro rally remains puzzling
EUR USD (1.3175) Although the euro has now completed a fortnight of impressive strength, traders can find little positive to say about it. In the headlines are, for example, the rising Portuguese yields, which reportedly indicate that investors are getting nervous about the losses they might have to take if Portugal gets the second bailout.
Technical Analysis
More general dollar weakness emerged Friday (contrary to our view of a potential end to the EURUSD reaction). The JPY strength accross the board, CABLE coming close to its key resistance in the 1.57’s, EURSEK closed bullishly above 8.9050 buy the dips for 8.98/99,
FX Market Technical Research
EUR/USD has reached its initial corrective target of 1.3245/50, the 38.2% retracement of the move down from November. We would ideally like to see failure here, this is our initial corrective target/measurement and automatic Elliot wave count, but acknowledge that while above the near term uptrend at 1.3072 the market remains bid.
Behavioral Finance: Daily Forex Outlook : Fed inflation target is just right for dollar bulls
EUR USD (1.3110) The intellectual debate on the Fed’s new inflation target began in earnest yesterday, led by Paul Krugman who insisted that two percent was too low. For inflating away debts quickly, this is certainly the case.
FX Market Technical Research
EUR/USD has charted a ‘Doji’ at 1.3184, this marks indecision just ahead of our corrective target of 1.3200/50, and suggests to us that the correction higher that has been in place since the 16th January is likely to be over. We are unable to rule out a move to the 1.3245/50 zone (38.2% retracement of […]
Behavioral Finance: Daily Forex Outlook : Fed: Novelty trumps content
EUR USD (1.3110) The Fed guidance on ‘exceptionally low’ interest rates until late 2014 sparked a rally in equities and a dollar sell-off. The subsequent hair-splitting in the market on what range of interest rate the words ‘exceptionally low’ actually might imply, or the attributing of dovish and hawkish stance to particular members, does not […]