Tag Archives: S&P
€/$ at the crossroads. NOK/SEK making way north
EUR/USD: Something’s gotta give way. There’s not much room left to maneuver in without breaking below the floor of the bear flag (preferred scenario) or
FX Daily
Market movers today * Today there might be focus on the political situation in Italy after Silvio Berlusconi’s Freedom Party officially split during the weekend.
Seeking a stronger dollar. €/Scandies consolidating.
EUR/USD: A first attempt to end the current upward correction wasseen yesterday but was apparently not drawing enoughselling to break down from the bear flag.
FX Daily
Market movers today * The final euro inflation figure will be interesting after the flash estimate dropped to 0.7% and the ECB cut the refi rate.
USD/JPY make or break? Scandies – time for a pause
EUR/USD: The corrective climb yesterday entered an area whereresistance is expected be firmer (previously broken trendline, the 55d ma band, 38.2% Fibo of the decline and a thelatest reaction peak)
FX Daily
Market movers today * Focus on the euro area with the release of preliminary Q3 GDP figures.
The euro is clawing back earlier losses, especially against the scandies
EUR/USD: The market failed to contain the pair inside a contractingcontinuation pattern, but it is likely still a bearishcontinuation formation more like a “Flag”
FX Daily
Market movers today * The Bank of England will release its November inflation report and we expect revisions to higher GDP growth and lower inflation.
Weaker yen with higher US bond yields
EUR/USD: Nothing much is cooking after ECB over boiled the kettle lastweek. The near-term “Triangle” is normally a continuationpattern and
FX Daily
Market movers today * UK CPI, which is one of the important indicators in Bank of England’s forward guidance,
€/$ – 1 more low. USD/NOK violated the 6.14 key res.
EUR/USD: The lower high and higher low printed Friday indicates thatwe are in the process of constructing a bear triangle.