Tag Archives: EUR/PLN
Another USD/JPY upside attempt in the making. SEK looks weak again.
EUR/USD: Another downside rejection (on failed fiscal impasse talks) wasadded yesterday. A 21day regression still points higher (notshown) as does the 21day high/low average.
Central European Daily
FX loans conversion plans weigh on the forint U.S. fiscal debates in focus CEE currencies were traded with mixed results yesterday.
AUD is bid and GBP & JPY are offered in low volatility markets
EUR/USD: Intraday attempts higher within the range of late keep beingresponded to. Yesterday was no exception. Outside recent1.3485\1.3607 spikes is required to make any kind ofdirectional assumptions.
Central European Daily
Worse than expected CA balance weighed on the zloty US debt stalemate may undermine regional currencies The Polish zloty retreated from a three-week high on Friday following the release of current account (CA) figures for August.
Another congestion day. Weaker JPY.
EUR/USD: Last week became the second week in a row that the marketspiked above 1.3569 hence repeating the weekly up-thrusttop pattern.
Strong signs of more sek weakness going forward
EUR/USD: The market failed to make the outlined 1.3462 test (andbreak) and instead, after an early and failed attempt tobreak 1.3485, bounced back mid range.
EMEAFX Commentary
PLN FX: EURPLN very subdued in spite of the concerns in the market elsewhere. We tried a few timesto break the 200 day ma (4.20) yesterday without success,
Sell GBP and CAD. USD/NOK bull flag ready to go
EUR/USD: So far the market is following the textbook step by step.False range breaks (last week ended with an up thrust peakabove 1.3569) have a strong tendency of
JPY, CAD, SEK & EM (ZAR & TRY weakness)
EUR/USD: There is a near-term tilt to the downside which would grow in strength on a move below 1.3538. But so far sellers lack the impetus to exit lower in line with the most recent benchmark candle.
Markets look contained in the wake of the U.S. budget stalemate
EUR/USD: Action was lukewarm, at best, yesterday. But with the market staying below Fri’s mid-body point of 1.3590there is a near-term downside tilt.
Bearish signs for €/$ and £. NOK/SEK higher
Some very interesting developments took place Friday creating possible turnaround patterns in EUR/USD, CABLE, EURGBP, NOKSEK.
$ at or close to crucial levels, NOK/SEK reaction signs
EUR/USD: Even though we continued higher yesterday there are some signs of weakness below the surface (like hourly divergences, a completed or soon completed five wave rise from Sep 6 and more).