Tag Archives: EUR/PLN

Central European Daily

Further help for foreign-currency debtors in Hungary The Hungarian parliament approved the expansion of foreign currency denominated loan “rescue program”.

Weaker yen with higher US bond yields

EUR/USD: Nothing much is cooking after ECB over boiled the kettle lastweek. The near-term “Triangle” is normally a continuationpattern and

Technician

EUR/USD Momentum is increasingly pro-decline, but RSI is almost oversold.

FX Quant and Positioning Weekly

Spec’s cut excessive bullish EUR position by more than half * Speculators slashed their previously excessively bullish EUR position by more than half.

€/$ – 1 more low. USD/NOK violated the 6.14 key res.

EUR/USD: The lower high and higher low printed Friday indicates thatwe are in the process of constructing a bear triangle.

Central European Daily

Currency Wars – the Czech Episode After a year of discussions, the Czech National Bank has finally decided to join ongoing currency wars.

USD/SCANDIES we like….a lot. USD/CAD to follow.

EUR/USD: So with the drop below 1.3449 the recent peak at 1.3548was confirmed being the end of the minor upside correctionand accordingly the market continued lower after passingthe support.

Still a € & $ waiting game. €/SEK & €/NOK upside risk

EUR/USD: Also yesterday the market continued to consolidate,digesting the impulsive decline last week. With a minimumcorrection target, 1.3535,

The Global Macro Pulse

Overnight Price Action The S&P 500 fell 0.3% overnight, but futures have rallied 0.5% in Asia.

Markets in waiting game ahead of ECB & NFP

EUR/USD: A second attempt below 1.3450 has been responded to.Perhaps there isn’t much directional fuel to burn ahead ofECB tomorrow and NFP on Fri,

Softer commodities and commodity currencies (AUD, CAD & NOK)

EUR/USD: We got the small bounce we were looking for all right, nowthe stage is set for sellers to reenter ahead of 1.3535. If theydo and they close the market low,

Technician

EUR/USD Combination of 1.3488 level and 60-day moving average may at least sloe down decline.