Tag Archives: NOK/SEK
FX G10/EM Morning Trader Views
EUR – Big week for fx this week with all the CB meetings and payrols data, as well as month end
The dollar is under some pressure, especially against the yen
EUR/USD: The pair is held near the Jun-Jul 78.6% Fibo retracement ref at 1.3275 and as long as it’s not decisively broken we could be witnessing the creation of a larger bearish formation.
Sell cable. USD/SEK & USD/NOK soon higher again
EUR/USD: The bearish signs pointed at yesterday led to nothing more than a temporary setback to 1.3166 and
$ 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.
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
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.
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.
Short term more dollar weakness
EUR/USD: With a higher low printed yesterday the upside pressure remain in place and as earlier elaborated a corrective peak cannot be put in place with less than a move above 1.3209.
Continued $ correction, €/SEK, €/NOK temporary dips
Dollar correction took another step yesterday and is probably not yet completed (we’ll see after today’s US hearing and report).
FX G10/EM Morning Trader Views
EUR – Shrugging off the 3rd dip to the 1.2980/1.30 area yesterday, eur opens up back above 1.3080 in ldn – Right now,
AUD short squeeze underway
A lacklustre market yesterday with few if any directional clues given. EURUSD a double downside spike however points at a buy the dip behaviour hence upside risk on the rise,
FX G10/EM Morning Trader Views
EUR – Start of a busier week this week after the flush out of positioning wed/thurs killed momentum into end of friday.