Tag Archives: USD/CHF
FX Market Technical Research
EUR/USD has held the initial test of the 61.8% retracement of the move seen this year so far at 1.2954 and has seen a small rebound. While we would allow for the rally to fill the weekend gap to 1.3081. it should remain shallow and the risk will remain on the downside.
Behavioral Finance: Daily Forex Outlook: The euro weighs the elections
EUR USD (1.2975) The importance of the US non-farm payrolls for the EUR/USD was short-lived as Europe delivered the much-awaited electoral results. Although in power on the back of an anti-austerity wave, the post-election tone of the new socialist president in France is likely to be more compromising than suggested on the campaign.
FX Market Technical Research
EUR/USD aggressively and has reached the 61.8% retracement of the move seen this year so far. While this may hold the initial test, the risk will remain on the downside and a move below 1.2954 is expected to trigger another leg on the downside to the 1.2624 January low.
Behavioral Finance: Daily Forex Outlook: Range-bound euro awaits electoral impulses
EUR USD (1.3155) While maintaining rates, ECB President Draghi essentially shifted any policy change to summer when more data on the economy would lead to a clearer assessment.
FX Market Technical Research
EUR/USD steadied somewhat yesterday after the ECB press conference. While we may see further ranging, the risk will remain on the downside and while capped by the 1.3262/68 downtrends, these are the 5 month downtrend and the 8 month channel.
Technical Analysis – FX Daily Majors
Today’s highlights: * EURUSD: Plunge from trend barriers (1.3275/3300) through trend/chart supports (1.3200/1.3157) aims for 1.3058. * NZDUSD: Break of chart/200-DMA support, to prod key .8059/50 foundations and signal a bigger top and more bearish outlook into Q2 towards .7920 and .7790 retrace targets.
Behavioral Finance: Daily Forex Outlook: PMI data should not have been a surprise
EUR USD (1.3145) The euro reacted to a worse-than-expected Italian manufacturing PMI (43.8) number yesterday and plunged. While the number was certainly poor, what triggered the sharp reaction in the euro was that it was perceived as a surprise.
Behavioral Finance: Daily Forex Outlook : Eurozone-US cleft fails to unsettle the euro
EUR USD (1.3225) It is hard to ignore the positive tone of the recent US data – the headline ISM data was strongest in 10 months, the Fed Senior Loan Officer Survey revealed that US banks saw increased demand for lending in Q1 (although eurozone branches of these banks did not show the trend) and […]
Technical Analysis – FX Daily Majors
Today’s highlights: * EURUSD: “Inside/outside” pattern caution this week reflects reluctance to overcome trend barriers, now 1.3280/3305. Risk now through trend and chart support (1.3200, 1.3157) towards 1.3058.
Behavioral Finance: Daily Forex Outlook: Growth has yet to trump austerity
EUR USD (1.3250) A closer look at the latest soft US GDP data reveals that although consumer spending rose 2.9 percent, the fastest pace in five quarters, it was not accompanied by a parallel growth in public spending.
Behavioral Finance: Daily Forex Outlook: Chorus for growth is not in harmony
EUR USD (1.3200) A two-notch S&P downgrade with a negative outlook for Spain has come as a result of the risks to the country’s budgetary performance from shrinking economic growth. This downgrade seems to support a recent wave of opinion against austerity.
Behavioral Finance: Daily Forex Outlook: The growth gap gets a voice
EUR USD (1.3225) French presidential candidate Hollande’s suggestions for boosting growth include the issue of infrastructurerelated eurobonds, the mobilisation of existing structural funds and a financial transaction tax.