Tag Archives: NOK/SEK
FX G10/EM Morning Trader Views
EUR – Profit taking at the back end of last week saw us dip 120 pip to that 1.3000/20 zone and despite trading heavy on the close in ny friday the bids remained then and on the open in asia
FX Daily Strategist: US
– EURUSD consolidation due; EU Summit unlikely to be negative catalyst The tones out of the two-day EU Summit, which started on Thursday, have so far been modestly positive.
G10/EM Morning Trader Views
EUR – So 1.3130/40 resistance remains intact despite another attempt yesterday in ldn to breach. An o/n NY wobble on some early reported goggle results enough to clean some weak long positioning below 1.3075 but still not much follow through with 1.3055 the low.
FX Daily Strategist: Europe
– EU Summit so far providing positive tones, but no major catalyst for EUR buying. The rebound in risk-appetite following the stronger batch of activity data out of China failed to gain traction yesterday with less favourable US earnings reports (primarily in tech sector) placing a dampener.
Technical Analysis
EUR/USD & EURJPY slightly lower, backing off their respective trend lines. Especially the EURJPY move looks encouraging and even more so if ending today in negative territory,
FX Daily Strategist: US
– AUD rallies with rebounding China sentiment eclipsing RBA easing expectations The stronger batch of activity data out of China this morning should help negate the bearish AUD view brought on by the unexpected Oct 2 RBA cut.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Pausing for breath after the recent breakout. We remain bullish target .8157 and then .8263, however we do not rule out a brief correction lower to .8090/99.
FX Daily Strategist: Europe
– Rebounding China sentiment to provide tailwind to AUD While more mediocre US earnings releases overnight have not provided a positive catalyst in themselves, the stronger batch of activity data out of China this morning should help maintain positive sentiment.
Technical Analysis
Risk on mode remains in place. Again basically slow moves however with the greenback gaining some since yesterday whereas the euro and especially the yen having weakend somewhat. Chinese equities having a good day (so far) challenging the Sept/Oct peaks.
FX Daily Strategist: US
– EURUSD still constructive, but could consolidate towards the weekend Risk-sentiment has continued to move higher helped by better still decent US earnings reports and a decision by Moody’s to affirm Spain’s investment grade rating (the lowest at Baa3 with a negative outlook) last night.
FX Daily Crosses
Today’s highlights: – EUR/GBP: Neckline/trendline break above .8103/15 paves the way for further strength to .8157 and then .8263 – the 38.2% Fibonacci retracement.
FX G10/EM Morning Trader Views
EUR – Nice hold above the break of 1.2990/1.3000 and while we didnt break that 1.3070 resistance first off we held nicely on the dip to 1.3000/20 breaking at the second ateempt as moody’s reaffirmed spains rating