Tag Archives: EUR/JPY
FX: price matters
Inflation is this week’s theme: May HICP and ECB’s revisions are key for EUR. The Market is sceptical about higher Fed funds rate projections, but a pickup in wage growth would cause repricing…
FX Daily Majors
Today’s highlights: USDCAD’s stay bearish for a break below 1.0813, to test 1.0747/31.
Daily Technical Report
EUR/USD has broken the key support areabetween 1.3673 and 1.3643. The short-termtechnical structure calls for further weakness aslong as prices remain below the resistance at1.3669 (27/05/2014 high).
UBS Morning Adviser
Without robust growth, portfolio flows will be stagnant Ongoing Bank of Canada accommodation has driven CAD underperformance this year.
Daily Market Technicals
The failure to carry on with the move lower Thursday after having traded at fresh 3 month lows combined with O/S daily studies looking to correct higher is a worry for bears.
FX Daily Majors
Today’s highlights: NZDUSD has completed its expected top, and we look for further weakness to .8362/49.
Commerzbank: EUR/JPY View
In EUR/JPY, Commerzbank notes that as it came under pressure yesterday and focus has shifted to the 200 day ma at 138.27 which is now exposed.
Daily Technical Report
EUR/USD has moved decisively below the short-term support at 1.3616 (23/05/2014 low), confirming the recent technical deterioration.
UBS Morning Adviser
April’s consumer price data will be released in Japan on Friday This will be the first release of national CPI following the country’s sales tax rise.
Daily Market Technicals
The move towards the 2014 low continued on Wednesday with the EUR/USD breaking and closing below the previous initial support at $1.3612.
FX Daily Majors
Today’s highlights: EURUSD back below the 200-day average maintains thoughts of a bear “wedge” and further weakness to 1.3520.
Daily Technical Report
EUR/USD is consolidating near the strong support at 1.3643 (see also the 200 day moving average). Monitor the hourly horizontal range between 1.3619 and 1.3669 (27/05/2014 high).