Tag Archives: NOK/SEK
€ remain firm despite surging Portuguese bond yield
The common currency starging the week on a firm bias despite a 57bps surge in Portuguese 10y yield on Friday and a downgrading of France.
$ selling probably not completed, equities higher
EUR/USD: Overall great uncertainty in the aftermath of the post FOMC washout but the price action in the low
$ sold off–equities, gold, bonds in demand post FOMC
EUR/USD: With no downside follow through shorts were already nervous and started pushing the buy button passing the 1.2899 resistance,
EUR/USD likely to expand losses. Next key ref is located at 1.2661
EUR/USD: A short-term 1.2796 key ref was yesterday taken out and this opens for extension below 1.2740 and into the next key medium-term ref, located at 1.2661.
Modest dollar correction likely before higher again
EUR/USD: A 1.2875-1.2985 pause correction shouldn’t come as a surprise before attacking the short-term key ref at 1.2796.
$/Scandies in the lead for a stronger dollar.
EUR/USD: Another daily (and weekly) candle added so we’re continuing to build downward pressure. We are now also in the low end of the 1.2796-1.3000 broad support zone with
FX Comment: green shots
“The whole management of the domestic economy depends on being free to have the appropriate rate of interest without reference to the rates prevailing elsewhere in the world.” (Keynes)
Euro weak and dollar strong into NFP
EUR/USD: Price action strongly argues for extension towards the May low of 1.2796.All short-term “Ichimoku tools” are in bearish positions now and
$ corrections, NOK/SEK lower
EUR/USD: The first attempt to pass the low end of the 55/233d ma bands area failed (as it often does).
Stronger dollar
EUR/USD: Look for downside extension homing in on the short-term key 1.2796 ref. Dynamic resistance keeps controlling events and
UBS Morning Adviser
Nordic Tag-Team in Play The Federal Reserve aside, most central banks in G10 were general cautious in June, none more so than Norges Bank.
Weaker NOK & look for a correctional high in EUR/USD
EUR/USD: It’s likely a bearish “Flag” so look for a sell high in the nearterm range. The (blue) 8day “Conversion line” has bearishly crossed the (red) 21day “Base line”,