Tag Archives: GBP
FX G10 and EM Morning Trader Views
G10 EUR – Price action remains heavy having completed a series of six lower highs now. Support around 1.2890 is the next region to overcome and this should open a move to 1.2830 which is the 200dma and the 61.8% fib from 1.2626-1.3172 move.
Global Technical Watch – Quick Charts (Sep 25)
The break lower in crude oil last week is weighing on the market, likely keeping US breakeven rates capped. While WTI crude turned lower from the psychological hurdle near $100,
FX Daily Strategist: US
– Political risks result in a modest risk-off tone at the beginning of the week A modest risk-off tone dominates at the beginning of the week with broad-based losses seen in share markets, and with high-beta currencies in the red.
FX Market Analysis
EUR: Opened early Europe at $1.2947, Euro-dollar closed in NY Friday at $1.2980, opening Asia unchanged before edging up to mark session highs at $1.2990 in opening trade.
FX G10 and EM Morning Trader Views
G10 EUR (1.2936) – continue to pare back some of the post-QE3 gains; I see the first pocket of support coming in round 1.2906 (23.6% fib of July-Sep move).
FX Daily Strategist: Europe
– The focus this week will be on Spain The USD once again recovers its end-of-week losses as investors continue to avoid extending their risk-taking. Political risk, including China-Japan tensions and whether Spain will seek external assistance, are likely to be causing investors to pare back risk positions.
FX Market Analysis
EUR: Opened early Europe at $1.2985, Euro-dollar closed in NY at $1.2968 after recovering off lows at $1.2920 to $1.2974. Recovery extended in early Asia with rate edging to an early high of $1.2980.
FX Market Analysis
EUR: Opened early Europe at $1.3070, Euro-dollar closed in NY at $1.3046 after rate had recovered from extended pullback lows of $1.2993 to $1.3076.
FX G10 and EM Morning Trader Views
G10 EUR – The rollercoaster continues – starting to get to that point where the mkt needs to stand on its own with all the gd news out post BOJ easing, leaving us with a China pmi again below 50, tensions between china and Japan and talks of downgrades to Australia’s aaa rating
FX Market Analysis
EUR: Opened early Europe at $1.3070, Euro-dollar closed in NY at $1.3047 as rate recovered off session lows of $1.3029. A paring back of risk positions Tuesday saw rate extend its corrective pullback off Monday highs at $1.31729 to $1.3029.
FX Daily Strategist: Europe
– USD sell-off to persist, market waiting for a short-USD catalyst We expect the US dollar to continue a depreciating trend over the weeks and months ahead. This is despite the lack of a clear directional move in the dollar at the beginning of this week.
FX G10 and EM Morning Trader Views
G10 EUR – Few little eur negatives this morning – first being the failure again at 1.3170 lvl – twice now we have had aggressive pullbacks post heavy buying