Tag Archives: EUR/PLN
Dollar’s hot, euros not. Sell commodity currencies.
EUR/USD: So with the final pop up, spiking above the 55d ma band theeight and a half day long correction finally came to an end.
Central European Daily
Czech koruna weakened on central banker’s comments Poland to reshuffle the government A few words of a CNB board member Lubomír Lízal were enough to push the Czech koruna to a 4-1/2 year low yesterday.
Weaker CAD, AUD & SEK looks increasingly likely.
EUR/USD: The move higher hasn’t changed in shape, nor has itchanged direction. It looks correctional and as such it is stillthought to end somewhere near 1.3550.
NOK going weaker again? Stock markets look vulnerable. CRB lower.
EUR/USD: The correctional ascent has reached the starting point of themost recent more notable drop and this area ought toattract sellers once again
Central European Daily
EUR/CZK floor will remain in place for a long time While the zloty strengthened against the euro in a fourth consecutive session on Friday,
€/$ at the crossroads. NOK/SEK making way north
EUR/USD: Something’s gotta give way. There’s not much room left to maneuver in without breaking below the floor of the bear flag (preferred scenario) or
Seeking a stronger dollar. €/Scandies consolidating.
EUR/USD: A first attempt to end the current upward correction wasseen yesterday but was apparently not drawing enoughselling to break down from the bear flag.
Central European Daily
Czech economy shrunk in the third quarter… … while recovery in Poland and Hungary accelerated Preliminary regional data on real GDP growth in the third quarter took markets by surprise.
USD/JPY make or break? Scandies – time for a pause
EUR/USD: The corrective climb yesterday entered an area whereresistance is expected be firmer (previously broken trendline, the 55d ma band, 38.2% Fibo of the decline and a thelatest reaction peak)
Central European Daily
Further help for foreign-currency debtors in Hungary The Hungarian parliament approved the expansion of foreign currency denominated loan “rescue program”.
The euro is clawing back earlier losses, especially against the scandies
EUR/USD: The market failed to contain the pair inside a contractingcontinuation pattern, but it is likely still a bearishcontinuation formation more like a “Flag”