Tag Archives: GBP/SEK
An increasing risk for a € touchdown
EURUSD: The process of hammering out a low point for wave 5 has taken longer than expected.
More € and SEK weakness in the pipeline.
EURUSD: The unforeseen sharp move lower prematurely ended the upward correction and
FX: USD challenged
Price action over the past few weeks suggests the EURUSD may rise more on short covering,
Sharp topside EUR/SEK & EUR/NOK rejections
EUR/USD outside 1.2789 or 1.2845 may lend a hint of “where-from-here”.
Mostly near-term ranging markets, with a kiwi exception. Lower oil
EUR/USD is still confined to a 1.3333\1.3433 range, with a small downside tilt… EUR/CHF is likely to test 1.2120\33 before lower…
FX Trading Ideas to Play This Week
RBS is out with a note outlining some tactical FX trading ideas to play this week.
FX: party on
ECB won’t kill EUR, as capital flow to resume. The USD staged a sharp reversal down last week, and wage growth stuck at 2% suggests – no Fed funds repricing imminent yet, but…
Weaker SEK in the offing and so is a stronger yen
EUR/USD: The pair is just getting whipsawed around inside range.Keep watching 1.3785 & 1.3865 for directional leads.
The aussie is an underdog reborn. GBP could give back some gains
EUR/USD: From here, there is a faint near-term upside tilt, but a moveoutside 1.3825/1.3785 would give a better directional hint.Also outside 1.3865/1.3749 would lend a stronger sense ofdirection.
EUR/JPY should guide the EUR/USD lower. GBP looks weak too.
EUR/USD: The move up from a recent 1.3846 low seems correctionalcompared to the Draghi induced paced move lower from1.3967 late last week.
Bearish EUR/SEK “Head & shoulders” top formation in place
EUR/USD: The near-term correction higher may be over withyesterday’s toppish looking candle. Extension below 1.3620today would turn focus back on the low end in “the Cloud”and the recent 1.3548 low again.