Tag Archives: EUR/SEK
$ correction ending(?), OIL sinking, Scandies turn up
EUR/USD: Yesterday’s price action with yet another correctional high and another failure to attract any follow through buying is clearly a bearish sign.
FX Daily
Market movers today • We expect German IFO expectations to improve, adding to the recent positive sentiment in the euro area.
FX Daily Strategist: US
USD: patience required amid loss of rate support Despite some USD resilience overnight, the dollar’s on-going slide reflects a combination of stretched long positioning and
US Morning Update
Major overnight headlines: • Yields, equity markets rise in tandem forcing the JPY lower in London as European data surprises
FX Daily Strategist: Europe
With weaker growth indications from China, stay selectively long commodity bloc China’s weaker than expected July purchasing managers’ index (which dropped further into contractionary territory at 47.7)
Still like selling cable above 1.54, stronger JPY
EUR/USD: Yesterday’s dip down to 1.3164 sent two messages (peak to trough in an hourly chart became a clear three wave corrective pattern and
US Morning Update
Major overnight headlines: • USD bounces very modestly in London trading as US 10-year yield creeps back above 2.50%, spot gold inches lower
Seeking a cable short. Scandies close to a low point
EUR/USD: The market yesterday, for a short while, rose from its comfort zone to print the sought 1.3209+ high before again returning into the doldrums.
Fed tapering not on ‘preset course’
US: Fed Chairman Bernanke emphasised that the Fed’s QE programmes were ‘by no means on a preset course’,
US Morning Update
Major overnight headlines: • Spot gold rises as much as 2.0% overnight before dropping back,
FX G10/EM Morning Trader Views
EUR – Feels set for another day in dullsville, with little in the way of data to focus on. Illiquid, choppy price action is expected as interest levels are set to be low.
Possible JPY correction, AUD next correctional rise
EUR/USD: Even though the market made small upward progress on Friday buyers was unable pushing us up to the minimum target, 1.3209.