Tag Archives: EUR/JPY
Technical Analysis
More dollar weakness seen overnight post Fed. We are looking for a marginally new dollar low today however followed by an almost immediate u-turn. EURUSD looks to have potential above 1.3121 but below 1.3199, GOLD passed a bullish milestone yesterday, USDJPY stalling on back of lower US bond yield, EURSEK underpinned by a potential bull […]
FX Market Technical Research
EUR/USD has cleared this years high at 1.3077 and remains upside corrective. The market is poised to encounter the 1.3141/45 resistance, this is the October low and 55 day ma, between here and the 1.3245/50 zone (38.2% retracement of the move down from October) we expect to see failure.
Technical Analysis
EUR/USD – sandwiched USD/JPY – sleeping beauty waking up AUD/USD – buyers keep responding EUR/SEK – high session close EUR/NOK – strong buyers’ response
Behavioral Finance: Daily Forex Outlook: Seeing through the transparent Fed
EUR USD (1.3025) Yesterday the euro shrugged off the IMF warnings about global growth and the Greek stalemate and continued to trade in firm territory. The market is again talking about what will be the outcome of the FOMC meeting, where a more transparent Fed is likely to reveal its assessment of the economic situation, […]
Technical Analysis
USD index is entering a stronger support area… EURUSD added a bullish engulfing candle as a continuation print, but with plenty resistance above extension north is not a done deal… GBPUSD on the other hand added a potentially bearish “Doji” just below thick resistance which could be the harbinger for a fresh bout of pound […]
Behavioral Finance: Daily Forex Outlook : Is a reversal of euro outflows underway?
EUR USD (1.3000) Yesterday morning the euro started the day with clear indications that negotiations on Greek PSI are heading for an impasse. During the day it shrugged off the official confirmation about the Greek stalemate and continued firming up.
Asian Market Summary
Regional markets are mostly higher amid optimism over a Greek debt-restructuring plan, though trade is tepid as markets in China, Hong Kong, Indonesia, Malaysia, Singapore, South Korea, Taiwan and Vietnam remain closed for the Lunar New Year holiday.
Behavioral Finance: Daily Forex Outlook : Renewed worries about Greece
EUR USD (1.2965) Snippets of information trickling from meetings gave an impression on Friday that Greece and the IIF were converging towards a deal. As a result the euro gained a little momentum.
Technical Analysis
Still unclear whether the EUR bounce has run its course or not. EUR/USD short term wide open, EURJPY likewise (watch cautiously 100.33/77) but EURGBP’s downside key day reversal argues for more downside (a short term GBPJPY play?), EURSEK and EURNOK both posted inside days suggesting that topside risk somehwat higher than the opposite, at least […]
Behavioral Finance: Daily Forex Outlook : Where is the argument?
EUR USD (1.2965) Television cameras were in the debt management office of the French Treasury during yesterday’s auction of five-year paper. The managers struggled to control their delight at the robust demand and at the yields, which were almost 100bp lower than last November.
Behavioral Finance: Daily Forex Outlook : The tenuous rally in euro
EUR USD (1.2860) At first glance, the news that IMF is being put to work yet again to gather resources to tackle the eurozone crisis, looked positive, the euro rallied. However, what looked ostensibly positive actually also implied that the eurozone funding problems still exist and, worse, that none of the European countries were taking […]
Technical Analysis
Several EUR pairs having reached their first upside correction targets (in some cases some room left) and the market should hence be vulnerable to renewed weakness. AUDUSD is approaching rather important resistance levels in the 1.0480/0570-area, EURSEK still looks set to try 8.78, possible 8.70.