Tag Archives: EUR/JPY
FX Daily Majors
Today’s highlights: EURUSD remains bearish for a test of last week’s spike low at 1.3503.
Stronger yen, lower cable and a NOK/SEK setback
EURUSD: After yesterday’s decline (and close below 1.3586) it is clearthat last Thursday’s spring bottom was unable to attractbuyers enough to sustain the move to 1.3734/50.
UBS Morning Adviser
Careful calibration needed for RBNZ as NZD weakens for the wrong reasons Witnessing a currency declining from self-professed ‘overvalued’ levels is normally welcomed by any central bank.
Daily Market Technicals
After having failed to close above the 21-DMA on recent attempts bearish focus has re-emerged with the result being a move lower that firmly has the 2014 lows in its sights.
Daily Technical Report
EUR/USD made a bullish intraday reversal on 5June. However, the lack of follow-through andthe current deep retracement suggest persistentselling pressures.
FX Daily Majors
Today’s highlights: EURUSD remains bearish for a test of price support at 1.3503 next.
EUR/JPY could guide EURUSD lower. NOK/SEK trades higher
EURUSD: Sideways with a downside tilt. Buying above 1.3678 never materialized yesterday. The market instead went into a low session close after constant grind lower through the day.
UBS Morning Adviser
Delayed second-wave of euro weakness ahead? On Wednesday, the ECB rate cuts announced last week finally take effect.
Daily Market Technicals
ERU/USD managed another brief pop above the 21-DMA but fell short of last week’s high before heading sharply lower and managing a relatively bearish close.
EURJPY – wave-D rally towards ~142 but first a pullback to ~138.50
A look at the daily chart suggests that prices are rallying in wave-D as part of a late stage triangle. The downtrend & extension target zone for this leg of the coil are 141.50-142.90.
FX Daily Majors
Today’s highlights: EURUSD remains capped below 1.3688/90 – price resistance and 38.2% retracement of the decline from May – leaving the risk marginally lower.
Daily Technical Report
EUR/USD made an intraday bullish reversal lastThursday, indicating exhaustion in the short-termselling pressures. Resistances can now be foundat 1.3688 (22/05/2014 high) and 1.3734(19/05/2014 high).