Tag Archives: USD/CHF
Behavioral Finance: Daily Forex Outlook: A different kind of euro sell-off
EUR USD (1.2555) The general grumble among investors yesterday was that the scale of global economic deterioration was continuing to outpace that of the policy responses.
Behavioral Finance: Daily Forex Outlook: Is the Fed vying for unorthodox measures?
EUR USD (1.2675) Irrespective of the ultimate impact of the measure, it was crucial for the Fed to extend Operation Twist to enjoy the continued confidence of the markets.
Behavioral Finance: Daily Forex Outlook: Reversal of transfers sought in the eurozone
EUR USD (1.2675) Reports suggesting that the Italian PM has floated the idea of using the EFSF to purchase the peripheral bonds were followed quickly by those suggesting Germany’s non-committal approach to the idea.
FX Market Summary
The euro rebounded as an ongoing summit of world leaders drove rising expectations of more coordinated efforts to provide support for Europe’s ailing economies.
Technical Analysis (Short Cycle Report): Hope is fading fast
Yet another reversal day on supposed “good news” is more technical analysis evidence that hope is fading and the “risk off” wave is about to accelerate. Bearish engulfing / outside days in EUR-USD, Euro Stoxx and the 10-year Bund yield suggest imminent moves down. Gold is at an important pivot point.
Behavioral Finance: Daily Forex Outlook : Post-election EU policy response in focus
EUR USD (1.2700) Sunday initially saw the euro dropping below $1.26 when exit polls in Greece showed anti-bailout Left radicals running neck-to-neck with pro-bailout parties.
Behavioral Finance: Daily Forex Outlook: EU policymaking at a crossroads
EUR USD (1.2575) The auction that saw Italy paying dearly for one-year borrowing reflects investors’ fears that the queue for bailouts and rescues is about to get longer.
Behavioral Finance: Daily Forex Outlook: The German bund as a proxy eurobond
EUR USD (1.2485) Although yesterday saw Spanish bond yields increase to an unsettling 6.8 percent, it was the moderate increase in German bund yields that garnered attention.
Behavioral Finance: Daily Forex Outlook: Central banks await impulse from policy-makers
EUR USD (1.2525) During his testimony before the Congress Ben Bernanke stopped short of signalling an outright QE3, although he indicated Fed’s intention to act if eurozone deteriorates. In a similar fashion Mario Draghi too refrained from implementing a cut.
Daily FX Technical Strategy: Buy the rumour sell the fact
The release of US NFP last Fri triggered a wave of optimism and risk short covering. Gold was the first market to respond but yesterday it was sold aggressively and most of the gains extinguished. Concurrent events suggest a classic buy the rumour sell the fact pattern around hopes of a fresh round of US […]
FX Market Technical Research
EUR/USD has now hit our upside target at 1.2625, the January low. This has stalled the currency pair. A minor retracement back towards the 1.2500/1.2450 area should now be seen before the current retracement higher continues.
Daily FX Technical Strategy: Short covering continues
A risk revival gathered pace yesterday as short covering continued across asset classes. Commodity currencies rallied on heavy volume and a completed Double Bottom in NZD/USD implies further marginal upside this week. USD/JPY is in the spotlight today as once again it attempts to close above its 21 day average, for the first time since […]