Tag Archives: S&P
The dollar is under some pressure, especially against the yen
EUR/USD: The pair is held near the Jun-Jul 78.6% Fibo retracement ref at 1.3275 and as long as it’s not decisively broken we could be witnessing the creation of a larger bearish formation.
FX Daily
Market movers today • The calendar is thin today. The most interesting release is US pending home sales,
Sell cable. USD/SEK & USD/NOK soon higher again
EUR/USD: The bearish signs pointed at yesterday led to nothing more than a temporary setback to 1.3166 and
$ correction ending(?), OIL sinking, Scandies turn up
EUR/USD: Yesterday’s price action with yet another correctional high and another failure to attract any follow through buying is clearly a bearish sign.
Still like selling cable above 1.54, stronger JPY
EUR/USD: Yesterday’s dip down to 1.3164 sent two messages (peak to trough in an hourly chart became a clear three wave corrective pattern and
Seeking a cable short. Scandies close to a low point
EUR/USD: The market yesterday, for a short while, rose from its comfort zone to print the sought 1.3209+ high before again returning into the doldrums.
Royal Baby News to Add to Market Malaise
The safe arrival overnight of the third in line to the British throne can only add to the prevailing northern summer market malaise.
Possible JPY correction, AUD next correctional rise
EUR/USD: Even though the market made small upward progress on Friday buyers was unable pushing us up to the minimum target, 1.3209.
Short term more dollar weakness
EUR/USD: With a higher low printed yesterday the upside pressure remain in place and as earlier elaborated a corrective peak cannot be put in place with less than a move above 1.3209.
Continued $ correction, €/SEK, €/NOK temporary dips
Dollar correction took another step yesterday and is probably not yet completed (we’ll see after today’s US hearing and report).
AUD short squeeze underway
A lacklustre market yesterday with few if any directional clues given. EURUSD a double downside spike however points at a buy the dip behaviour hence upside risk on the rise,