Tag Archives: NZD/USD
FX Daily Strategist: Europe
– Spanish budget well received – risk rally rolls on The long-awaited Spanish budget has been well received by markets with Spanish sovereign spreads relative to Germany narrowing and global equties finishing higher.
Asian Currencies Technicals
AUD/USD: Pressure Shifts Topside. After failing to close below the 200-DMA pressure is on the Sept 25 highs topside, with a close above seeing focus return to tests of the Sept monthly highs so far at $1.0624.
FX Daily Majors
Today’s highlights: – EURUSD: Holding the 1.2836/29 support cluster we expect a break above trendline resistance now 1.2920 followed by an extension higher to 1.3048 first.
Daily FX Technical Strategy: JPY appreciation continues
Overnight profit taking in US equities saw the S&P move back within its multi-week rising channel. This is keeping US bonds bid, which in turn is providing near-term support for JPY.
FX Daily Majors
Today’s highlights: – EURUSD: Corrective downtrend persists after failure last night ahead of 1.2997 trendline resistance at 1.2972. The focus is now on the 1.2858/36/28 support cluster.
Asian Currencies Technicals
AUD/USD: Another Dip Below The 21-DMA. The move towards the 200-DMA continues with the AUD/USD again spiking below the 21-DMA.
FX Daily Majors
Today’s highlights: – EURUSD: Gaining traction at 1.2889/91 chart/minor 38.2% retracement support. We expect a rebound higher through 1.2997 towards 1.3048 resistance.
FX Daily Strategist: Europe
– Political risks result in a modest risk-off tone at the beginning of the week USD strength continues to dominate as the market traded with a modest risk-off tone. The key catalysts behind the risk-off move include China-Japan tensions, uncertainty on whether Spain will seek external assistance, and a softer German IFO.
Asian Currencies Technicals
AUD/USD: 200-DMA Test Remains Favoured. The pair continues to remain heavy with immediate focus on retests of the 200-DMA as daily RSI, Slow Stochastic and Momentum indicators begin to unwind from overbought levels.
Daily FX Technical Strategy: USD double take
The trend to sell the dollar stopped last week and on Friday we saw the first signs of USD demand in two markets where recently it was particularly weak;
FX Daily Strategist: Europe
– The focus this week will be on Spain The USD once again recovers its end-of-week losses as investors continue to avoid extending their risk-taking. Political risk, including China-Japan tensions and whether Spain will seek external assistance, are likely to be causing investors to pare back risk positions.
FX Daily Majors
Today’s highlights: – EURUSD: Failure at 1.3048 last Friday maintains the downward trend for now, with risk remaining lower to 1.2858/29 support zone.