Tag Archives: NOK/SEK
FX Daily Strategist: US
* Sharp rally in NOKSEK is set to continue. We target 1.17. Our long NOKSEK recommendation is showing some signs of life with a large move higher to break above its 55 dma (1.1449). A sustained close above that level today would target a move to its 200 dma (1.1639) – well on its way […]
FX Daily Strategist: Europe
*Sharp rally in NOKSEK is set to continue. We target 1.17. Our long NOKSEK recommendation is showing some signs of life with a large move higher to break above its 55 dma (1.1449). A sustained close above that level today would target a move to its 200 dma (1.1639) – well on its way to […]
Daily FX Technical Strategy: No base yet for AUD
Base metals look to have completed their recent recovery bounce and the subsequent downturn is expected to keep the focus lower for AUD.
FX Daily Crosses
Today’s highlights: * EUR/GBP: The .7950/64 barrier continues to cap and only above it would signal a base. * EUR/JPY: The stalemate sees prices in a range, but while trend support at 97.30 is intact recovery risks remain to 100.00/01 ahead of 100.72 where we would expect selling.
Technical Analysis
No major moves found overnight with the EUR going nowhere, however the Antipodeans continues to lose ground, printing three wave corrective patterns on each and every upside attempt (60 min chart),
FX Daily Crosses
Today’s highlights: * EUR/GBP: The spotlight remains on the .7950/64 barrier. * EUR/JPY: The deadlock continues, but while trend support at 97.30 holds, the recovery risks remain to 100.00/01 ahead of 100.72 where we would expect selling.
FX G10 and EM Morning Trader Views
G10 EUR – Still playing the 1.2450/1.2600 range – some good rm and model buying yest took us back above 1.25 while some decent lev selling capped us at 1.2560-80 area – support is still 1.2530 then 1.2450 – topside resistance is 1.2590 (fibo) then 1.2600 (100 day m.a) – currently short against the recent […]
FX Daily Strategist: Europe
* EUR Short covering remains the big driver The big driver in FX continues to be short covering of EUR positions on anticipation of a strong ECB response to lower sovereign debt yields; yesterday’s news that ECB Draghi won’t be attending the Jackson Hole conference on account of a busy schedule play to this.
Technical Analysis
The euro got a boost and the krona gives back gains… EUR/USD High session close points up… EUR/SEK Downside potential questioned… GBP/USD Trendline support confirmed… USD/SEK Focus back at upside in wedge…
FX Daily Crosses
Today’s highlights: * EUR/GBP: An inside session sees a quiet start to the week and the spotlight still on the .7925/64 barrier, which we still look to try and cap to keep the medium-term trend lower.
FX Daily Strategist: Europe
* Weak China data set market tone, although light volumes keep price action limited The combination of a light data calendar and a UK holiday kept volumes light and FX markets directionless. However, the main focus for FX markets has been on China.
FX Daily Crosses
Today’s highlights: * EUR/GBP: We look for renewed selling to emerge at .7930/64 and for the downtrend to resume from here. * EUR/JPY: Prices continue to coil sideways, but while 97.73/72 minimally holds recovery risk remain to 100.00/01 ahead of 100.72, where we would expect renewed selling.