Tag Archives: S&P
€ remain firm despite surging Portuguese bond yield
The common currency starging the week on a firm bias despite a 57bps surge in Portuguese 10y yield on Friday and a downgrading of France.
$ selling probably not completed, equities higher
EUR/USD: Overall great uncertainty in the aftermath of the post FOMC washout but the price action in the low
$ sold off–equities, gold, bonds in demand post FOMC
EUR/USD: With no downside follow through shorts were already nervous and started pushing the buy button passing the 1.2899 resistance,
EUR/USD likely to expand losses. Next key ref is located at 1.2661
EUR/USD: A short-term 1.2796 key ref was yesterday taken out and this opens for extension below 1.2740 and into the next key medium-term ref, located at 1.2661.
Modest dollar correction likely before higher again
EUR/USD: A 1.2875-1.2985 pause correction shouldn’t come as a surprise before attacking the short-term key ref at 1.2796.
$/Scandies in the lead for a stronger dollar.
EUR/USD: Another daily (and weekly) candle added so we’re continuing to build downward pressure. We are now also in the low end of the 1.2796-1.3000 broad support zone with
Euro weak and dollar strong into NFP
EUR/USD: Price action strongly argues for extension towards the May low of 1.2796.All short-term “Ichimoku tools” are in bearish positions now and
$ corrections, NOK/SEK lower
EUR/USD: The first attempt to pass the low end of the 55/233d ma bands area failed (as it often does).
Stronger dollar
EUR/USD: Look for downside extension homing in on the short-term key 1.2796 ref. Dynamic resistance keeps controlling events and
Weaker NOK & look for a correctional high in EUR/USD
EUR/USD: It’s likely a bearish “Flag” so look for a sell high in the nearterm range. The (blue) 8day “Conversion line” has bearishly crossed the (red) 21day “Base line”,
Weaker €, NOK/SEK & OIL seen lower
EUR/USD: With a high of 1.3103 the market peaked in the outlined 1.3065 – 1.3151 sell area and is accordingly making way south.
CABLE lower, USDJPY higher, US 10y yield sliding
EUR/USD: Most factors speak in favour of the market shaving off a few shorts ahead of the weekend (volumes to the upside are considerably lower