Tag Archives: S&P
Heavy $ losses across the board. AUD/NZD break.
EUR/USD: Given the break above the summer peak an alternate wave count, a still uncompleted upside correction, must be put in place.
FX Daily
Market movers today * US monetary policy decision. We expect a very gradual start to QE tapering with only 10bn reduction in the monthly purchases.
Surprisingly strong SEK (& CAD)
EUR/USD: The weekly high remains within reach. The high end of the Fibo-adjusted short-term “Cloud” still supports.
Downside hesitation in many dollar-crosses
EUR/USD: A late topside rejection yesterday shows topside hesitation. The relatively low session close may spill into sentiment today and trigger a 1.3275-1.3255 re-test.
FX Daily
Market movers today German ZEW expectations will show a strong improvement in September according to our model,
$ begins the week offered. Bullish signs €/SEK & NOK
EUR/USD: The move through 1.3325 answered the question of where to go next, to the 78.6% Fibo resistance, 1.3378.
FX Daily
Market movers today * This morning ECB president Mario Draghi speaks at an SME conference in Berlin and
More AUD bearish signs, USD/JPY bid
EUR/USD: Even though the initial attempt lower, breaking below 1.3276/82 was surprisingly reversed for a second test of the 61.8% Fibo resistance, 1.3321,
FX Daily
Market movers today – The main focus today is US retail sales. We expect a decent report with growth of 0.3% in ‘core’ retail sales excluding cars and gasoline.
$ on a slippery slope, AUDNZD bear trend reaffirmed
EUR/USD: The market is after yesterday’s advance trading a few points higher than wanted, above the mid body point of the bearish candle a fortnight ago, 1.3303. 1.3322,
FX Daily
Market movers today – We expect euro area industrial production to decline 0.6% m/m in July.
Stronger NOK & AUD and weaker JPY can’t be neglected
EUR/USD: The high end of “the Cloud” and the 21day “Base line” keeps capping. Over 1.3299 is needed to start seeing the Aug-Sep decline as either a more complex trend lower