Tag Archives: NOK/SEK
USD/JPY correction target met, NOK/SEK @ support
EURUSD: Given that we don’t now the outcome of today’s ECBmeeting we have to act on what Mr. Market is telling us.
USD/JPY & AUD/USD sellers should be tempted to step back in
EURUSD: Buyers responded at a marginally fresh low yesterday, butalso showed resistance respect.
Dollar strength!
EURUSD: A bearish candle as a continuation pattern was added yesterday. It also persistent dynamic resistance with the 8day “Tenkan-Sen” (blue line in the chart).
AUD turning lower. SEK weakness takes a short pause
EURUSD: On a grander scale May probably became the turning pointfor the common currency given that the monthly candlebecame a very bearish key month reversal one arguing formore losses on a 3-4 months horizon.
Scandi markets ahead: ECB also takes centre stage in Scandi markets
The week in Sweden kicks off early Monday morning with a speech from theRiksbank’s Jansson and shortly after that, May PMI is set to be released. We estimatethe PMI has slowed somewhat.
EUR/USD over 1.3675 would target 1.3730 before down
EUR/USD: Over 1.3675 targets 1.3730 before down. There is an ongoing attempt to recover partial losses. A move over the 8day “Tenkan-Sen” (1.3675) would target 1.3730\34 before down again.
Positive $ index break. EUR/PLN fell out of bed
EUR/USD: With a still persisting hourly RSI divergence, the price outside the 55d ma Bollinger and with the still firm 1.3635 support we cannot but read the setup as supportive to the 1.3730 bounce suggested yesterday.
Scandi markets ahead
In Sweden, the week ahead will contain quite a few interesting sets of data. Mostprominent, of course, the labour market survey for April,
What To Do In FX When There’s Nothing Worth Doing?
Although the dollar index remains within its trading range of the last two months, FX has hardly been dull on a pair-wise basis.
BNP Paribas: FX View
The top ten views we originally outlined in our year-ahead publication last December remain in place. To review, our 2014 top ten were:
EUR/USD offers likely at 1.38 and USD/JPY sellers should act at 102.40
EUR/USD: EUR/USD trades with resistance at 1.3800 in mind. USD/JPY should test 102.36-102.41 but encounter offers there
This week the scorecard recommends buying GBP…
This week the scorecard recommends buying GBP, NZD and CHF while selling NOK, AUD and USD.