Tag Archives: EUR/PLN
The euro is kept on the back foot
EUR/USD: After two days of losses, buyers have responded at supportnear an earlier ref cluster (1.3472/53), at the high end of theFibo adjusted short-term “Ichimoku cloud” and
The big losers were EUR & SEK on the other side of the scale you find CAD
EUR/USD: The downmove got legs yesterday. The big print left in thewake of the number fueled selling spree hosts mid-body pointresistance around 1.3660,
Continued $ recovery + weakening SEK = buy $/SEK
EUR/USD: Having passed FOMC and the 1.3733 mid body point thedoor has been opened to lower levels. We will next focus atthe Oct 3 peak, 1.3647,
$ recovering ahead of FOMC
EUR/USD: The market has now, with the 1.3733 drop, likely adjustedthe positioning ahead of tonight’s FOMC meeting.Yesterday’s price action,
Central European Daily
The NBH may keep the cautious rate cut cycle tone The NBH holds rate setting meeting this afternoon. The main question recently is how long the central bank continues the rate cut cycle,
Extended losses for commodity ccy’s.
EUR/USD: With also a third consecutive day failing above the 1.3803equality point (between the July/Aug & Sep/Oct rise) buyersappears to be running out of steam.
Likely a new attempt to put some pressure on the €.
EUR/USD: Also a second attempt above the 1.3803 equality point wasrejected. Friday also ended with a doji candle showing thatwe reached balance between buyers and sellers.
FX Viewpoint: EUR on a short leash
I never think of the future – it comes soon enough. -Einstein Where is EURUSD headed? What is fair value? – questions piling in my mailbox.
Central European Daily
We may see several new-comers to Czech Parliament after the early elections Czech early elections (scheduled for this weekend) should become the top regional eye-catcher in upcoming hours.
A more profound yen rise?
EUR/USD: ith the close set above 1.3794 no further evidence of apeak was set. The market however responded to the 1.3803resistance by pausing and meandering around it.
Central European Daily
Koruna hits one-month low Czech Ministry of Finance sold bonds worth 10bn CZK On Wednesday, the Czech koruna and the zloty weakened while the forint barely moved due to a national holiday in Hungary.
Commodities & commodity ccy’s lower. Rix & NB day
EUR/USD: It is unclear whether yesterday’s very marginally (1pip) highmarked the end to the advancing wave from 1.3651 or ifthere’s yet another marginally one left