Tag Archives: NOK/SEK
More JPY strength, higher €/scandies
EUR/USD: The minor “up-thrust” didn’t play out as expected, on the contrary an impulsive rise took place pushing the pair through most of the resistances.
EUR/SEK could push into fresh highs & USD/JPY into fresh lows
EUR/USD: The pair was yesterday allowed to slip through a micro-term “Double-top” with a mere 10pips, before closing back in range.
Long-term technical update
EUR/USD (1.3095): The pair keeps meandering around a near flat 12 month moving average. Last month closed below the open but also off the lows.
AUD/USD could correctively test >0.98
EUR/USD: Near-term price action is more bullish than bearish but short-term tools are mostly neutral after the best fit bearish wave count was overruled Fri (>1.3033).
FX Daily Strategist: US
No cut from the RBA this week. AUD should be due a rebound. The RBA is expected to remain on hold Tuesday after unexpectedly cutting rates last month.
FX G10/EM Morning Trader Views
EUR – so month end doesn’t conform to expectations/or models by selling off into and rallying into the close to stand at 1.3020 as we open in ldn this morning.
PMI data in focus, still risk of a further correction lower in NOK/SEK
In this note we take a closer look at the key events in the three Nordic countries over the coming week. For our global macro movers and financial forecasts.
Scandies and CAD seen weaker
EUR/USD: The move above the 55d ma was soon rejected as the market made a u-turn exploring the downside. A late bounce however left us with a downside spike and
€/$ surprising rebound. EM’s big losers ag. both $ & €
EUR/USD: The break above 1.2991/3013 was not what we had in mind calling for a turn lower yesterday.
FX G10/EM Morning Trader Views
EUR – Still dancing around in the range – yesterdays fail at 1.2950 area topside, with supply from rm/spec accounts – pre-empted the sell off post US consumer confidence data,
FX Daily Strategist: Europe
CAD can recover ground, even in a USD bull market The dollar was the clear winner overnight and 10Y UST yields rose sharply to 2.17% as US consumer confidence index jumped to the highest level since February 2008 and
Broad based dollar strength – aussie the biggest loser
EUR/USD: Judging by recent price action the near-term outlook leans towards an already completed correction, but if it is a “Triangle”,