Tag Archives: NZD/USD
EUR attempts lift-off as second Greek bailout deal announced
The meeting of European finance ministers dragged on well into the Asian session with a press briefing only announced close to mid-morning. The headline announcement revealed a deal had been struck with a €130 bln bailout package with Greece’s debt/GDP ratio to fall to 121% by 2020.
Technical Analysis – FX Daily Majors
Today’s highlights: · EURUSD: Break below 1.3026 chart support and the 38.2% retracement of 1.3054 keeps the focus skewed lower to the 1.2889/54 chart/61.8% retracement support zone · AUDUSD: Topping structure in place with threat lower to the trend line from late 2011, now 1.0629/45. Through confirms a more notable reversal for 1.0527
Daily FX Technical Strategy: Bid USD is facing strong resistance
Investors appear to be falling for the USD, but they are not totally smitten. Overnight the dollar has ralllied within its recent trading range, reinforcing the profit taking signals that we noted yesterday.
Technical Analysis – FX Daily Majors
Today’s highlights: · USDJPY: An “outside” pattern already today (bullish?) aiming for key 200-day MA at 78.05 and then range resistance at 78.31. Above secures firmer Q1 base · EURUSD: Hinting at a small top, but still needs a close below 13-day EMA, 1.3125, to aim for 1.3026 next. Through here confirms
Technical Analysis – FX Daily Majors
Today’s highlights: · EURUSD: Friday erosion hints at a top, but close through the 13-day EMA, now 1.3125, needed to confirm. Otherwise, risks remain higher this week
A monthly run through the long-term charts
MAJORS FX: The dollar index violated a medium-term important “B-wave high” at 81.44 and this points closer to prior tops at ~89, but the bullish move wasn’t sustained and the low monthly close somewhat dilutes a bullish stance.
NZD ANALYSIS
The NZD was trading slightly higher late Wednesday but its gains were capped toward the end of the New Zealand session as investors picked the AUD over the Kiwi. The AUD rallied after data released earlier in the day showed Australia’s 2011 fourth-quarter trimmed mean consumer price index gained 0.6%, which suggested to some in […]
Technical Week Ahead
EUR/USD – Correcting the stretch (1.3145-1.3260 before down?) GBP/USD – Large “Head & shoulders”/”Round-top” still in play NZDUSD – Indicators favor the long side: Buy-on-dips
NZD in favor and risk appetite finally on the rise
Main conclusions SEB RAI has broken out of its previous range and looks technically set for still higher levels. AUD, CAD, EUR & NZD speculative presence are running at high levels while speculators still seem reluctant to take bets on the GBP.
Asian Market Analysis
Despite negative EURO data and the resignation of SNB chairman Hildebrand, the EUR survived a relatively tame session in NY yesterday. China’s strong trade surplus in December, and German negative yields from yesterday’s auction have so far kept markets calm after the inconclusive Merkel/Sarkozy meeting, despite increasing possibility in analysts and the IMF’s minds that […]
Market Analysis
EUR/USD – creeping higher amid light flows, trades to $1.2757 area but appears to be already losing momentum, still well shy of the early highs at $1.2785 seen in European dealings.
Risk Currencies Get Boost From US Jobs Data
The risk-sensitive Australian dollar and emerging market currencies gained modestly against the U.S. unit Friday, after a brighter U.S. economic picture cheered markets in holiday-thinned trade.