Tag Archives: NOK/SEK

Technical Analysis

It’s not overly exciting out there at the moment… EURUSD & EURJPY shows diverging directionals this morning with the former below 1.2945 would target the high-1.28s while the latter over 104.05 & 104.43 would target levels above last month’s high…

FX Daily Strategist: Europe

– Teflon-coated AUD attempting to break higher Australian building approvals surprised to the upside for September rising by 7.8% mm (expected 1.0% mm) from an upwardly-revised 8.8% mm in August.

Technical Analysis

Actually not much to report with most markets remaining sidelined. EURUSD an unexpected bounce but still seen as a corrective one, EURGBP this morning slipping out of the bear flag, USDJPY ending a volitile day in the middle of its range,

FX Daily Crosses

Today’s highlights: – EUR/GBP: Rebounding higher from .8000 support. We expect renewed selling interest to weigh on the market at .8100 resistance, with risk skewed lower to .7986 initially.

FX Daily Strategist: Europe

– BoJ just meets consensus – USDJPY at risk of fall The BoJ expanded its asset purchases by 11 trillion yen ($138 billion) this morning, easing monetary policy for the second straight month.

FX Daily Crosses

Today’s highlights: – EUR/GBP: Oscillating around the 38.2% retracement. Some further downside risk is expected to the .7980 channel support level. But we look for this to hold.

FX Daily Strategist: US

– GBPUSD rallies as UK growth beats forecasts In FX, the two focal points remain on USDJPY and GBPUSD today, both which continue to move higher. On GBPUSD, we retain our bullish bias with UK growth likely to outperform as underscored by today’s very strong Q3 GDP figure from the UK.

FX Daily Crosses

Today’s highlights: – EUR/GBP: Reversal lower results in a break below .8099/90. We see scope for a bit more weakness, but we look for .8022 chart support to hold, with broader risk still for .8263.

FX Daily Strategist: US

– EURUSD decline to be temporary; Weak US GDP to result in weak USD Today’s European PMIs and German IFO came in softer, resulting in some EUR weakness. A multi-day decline in EURUSD would not surprise us with periodic bouts of USD support should the earnings season-which not even halfway throughdisappoint (more below).