Tag Archives: S&P
EUR/USD is possibly peaking. EUR/SEK under 8.98 would trigger a correction lower.
EUR/USD: Sellers responded to the move above an alternative 127.2%Fibo and negotiated the close just below it. A move under anear-term 1.3745 pivot would show near-term initiative andtarget 1.3695.
FX Daily
Market movers today * In Italy, Prime Minister Enrico Letta will present his new government’s programme ahead of a confidence vote in the Lower House and Senate.
FX Daily
In connection with the ECOFIN meeting EU finance ministers are expected to continue yesterday’s euro-group negotiations about a resolution mechanism for failed banks.
The euro is still bid and the yen relentlessly offered. EUR/SEK targets >9.0050.
EUR/USD: We are stubbornly clinging to the idea of the advance beingcorrectional. We have to admit it has gone farther thanthought, but it looks correctional nevertheless.
JPY weakness. CABLE peaking?
EUR/USD: The market opened the week with an unusually big gap (to1.3748) higher only to immediately trade lower filling thegap to the NY close, 1.3706.
FX Daily
Banking union is expected to top the agenda at today’s euro group finance minister meeting, where an agreement on a single resolution mechanism for failing banks remains the main stumbling block.
Daily FX Wrap and Strategy
The NZD was the strongest performer amongst its peers on Friday. The NZD/USD ended the week around 0.8280. The NZD/USD drifted lower into the much anticipated US payrolls release on Friday night.
€ on a firm footing. NOK/SEK decline to pause.
EUR/USD: Again a dip below 1.3550 was met by aggressive buyingpushing the pair up to a new correctional high, 1.3678,hence passing the ideal correction target at
FX Daily
Market movers today * Main focus will be the US labour market report, which will be crucial for timing of Fed tapering.
EUR/USD eyeing 1.3645, AUD s/t reaction underway
EUR/USD: The development during the past 48h shows that there stillare unfilled bids and sideways range established duringDecember should probably be seen
FX Daily
Market movers today * Euro retail sales are expected to have moved sideways due to a weak German figure but there is an upside risk owing to an improvement in consumer confidence.